Getting finance has become an increasing need these days and it makes it all the more harder if you are unemployed.

Most financiers will only consider you as an applicant if you are currently employed. You need to show evidence that you are committed in paying off your debts and can afford it on a regular basis. Financiers want to feel comfortable that they will receive their money back on time and in full. Another factor you should keep in mind is that lenders automatically allocate a part of your wage towards your children if they are under the age of 16. If there is no excess money left, you will be left with no capacity therefore unable to cater for a new loan.

Other factors that are taken into account are:

-          Your living circumstances: That is, if you are renting, own a house, mortgage or boarding.

-          Previous loan history: All payments are paid on time without any defaults.

-          Credit History: Financiers will check your credit history for defaults, bankruptcies and if you have made yourself a busy credit file. If you have done more than 5 applications within the year, this may destroy your chances of getting financed.

If you are after a small amount i.e. $500 you may want to consider a pay day loan. However, if you are wanting $5000 or more you should consider working at least part-time to show that you will be able to repay your new loan.

If you are a pensioner or receive government funds it is advisable that you speak to a consultant before you start applying anywhere.  There may be another way around, for instance: having a co-borrower or taking out a joint application, however these circumstances are quite rare when unemployed.

If you wish to have a chat about your options, don’t hesitate to contact us and one of our staff would be more than happy to assist. You can find us at www.natloans.com.au or give us a call on 1300 955 791.

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There are a variety of deals in which you can choose from, the standard deal includes of:

-          3 years protection

-          No excess no claims

-          Towing to the nearest repair shop

-          Offers discounts on tyres (Note: only specified manufacturers)

Insurer’s are quite strict as to when they will and will not pay out their client. They will not pay damage that is caused intentionally or if the client is failing to maintain the vehicle or bike. In some cases they will not cover mother nature disasters i.e. flooding not caused by storm water. They will only cover what is under the agreement, nothing more.

Before make any agreement read the fine print, you must be aware of what exactly are your terms and conditions.

For more insight on how to go about renewing or purchasing tyre and rim insurance contact Natloans 1300 955 791.

Suncorp is one of Queensland’s largest insurance companies that have flood insurance incorporated into their policy. There will be no issue in paying out clients whose cars, bikes or boats were damaged in the disaster.

This event has left Australians devastated and aware with exactly what their insurers are covering them for. When updating your insurance next be sure to read the policy thoroughly, even the fine print! It is vital to be covered in the event of any natural disaster. If you are not covered the consequences aren’t too pleasant, leaving you with no car to make your way around. Not only will you have to be relying on public transport, but also you will have to start saving for another car or seek for finance.

Let this disaster be a lesson to all, if you weren’t aware of your cover contact your insurer to find out what you are eligible for and seek for a product that does cover you.

Technorati Tags: Bike Insurance, car finance, comprehensive car insurance, other car costs

If you are bankrupt this does not mean you cannot work. In fact it’s recommended you continue working to pay off any debts that are remaining according to your plan with the creditors. Over your bankruptcy period attempt to pay all your commitments in a timely manner! You don’t want to add any defaults to your credit file, this will make it much harder to qualify for a loan when you are discharged. Bankruptcy usually lasts for 3 years unless it has been extended to 5 or 8 years. Although you will eventually get discharged, it will remain on your credit file for a few years after until it eventually drops off.

Many individuals want to get financed whilst they are bankrupt, this is not possible. Once you are discharged for a minimum of 12 months a financier will be able to help you, in the meantime do not apply anywhere. The more hits you have on your file the less chance you will have later on. It is recommended you have no more than four finance enquiries per year, financiers do not like a busy credit file.

When you are discharged and are looking at financing another car or boat there are many brokers that will be willing to assist you. These days there are financiers that are specifically in the market to provide second chance lending. Although they cater to assist individuals who have had a bit of a bumpy ride in the past, expect to received an interest rate that is slightly higher.

If you would like more information on how to go about getting finance after you are discharged contact Natloans on 1300 955 791 or have a browse on www.natloans.com.au

Technorati Tags: Bankruptcy, car finance, Interest Rates

Purchasing a new car provides the driver with the newest and safest technology, hence the importance of eliminating older vehicles from the road. New technology has decreased the number of deaths and serious injuries, due to safer car features.

Various features that are included in most vehicles are:

ABS Brakes: ABS brakes prevent brakes from quickly locking up. In fact they usually prevent an accident from occurring due to being so effective.

Reverse Cameras & Sensing System: This feature is currently on specific vehicles, unless you have requested them. They allow the driver to have a view

Driver Fatigue Warnings: When the driver is on the road for more than 2 hours a warning will appear, reminding them to take a break preventing high levels of fatigue.

Airbags: Are currently in most vehicles and have saved many lives in the past. They are usually located in the centre of the steering wheel and on the side of the doors. When the car is in a severe collision, this will be detected and the airbags will automatically pop out in only a matter of seconds.

Car manufacturers claim that from 2012 head protection technology will be mandatory in all new vehicles. It is vital to be driving a car with high safety features, as drivers can be quite dangerous (i.e. intoxicated or fatigue drivers).

For more information on how to go about financing a safer car in the new year call Natloans on 1300 955 791 or visit www.natloans.com.au

Technorati Tags: Buying a car, car finance, car loan tips, other car costs

When in comes to finding the right car it can often be quite difficult due to the huge range of cars in the market. There are all sorts of designs, colors and varying features. Although they are all used for the same purpose the extent of luxury varies significantly depending on the make/model.

If you know nothing about car shopping you have a few things to learn! Finding yourself the perfect car can be done online, by a dealership or even in the local trading post. The first place to start is at the car yard, allowing you to choose a car that you like and is between your budget. Once you have chosen a few cars of interest your investigation begins in order to narrow your search down.

Websites such as www.carsales.com.au offer a wide range of new and used cars, allowing you to search according to the make, model and even location in which the car is currently in.  This is the most popular way of finding a car, checking online daily to see if the right car is on the market.  If and when you find the car, call the owner to pop by for a test drive! Remember to ask:

• Whether the car has been completely paid off?

• When the registration is due?

• If the car has been in any major accidents?

If the car has traveled a significant amount of kilometers you may be able to negotiate with the owner to drop the price even further. Look for any flaws of the vehicle, even if it is a scratch here and there to drop the price to a satisfactory one!

If you aren’t up with technology the trading post is a great way to find your car! Although you may not be able to see a visual at all times, if you know what you want it should be fine due to you will be taking it on a test drive before you make the purchase.

Knowing what you want to buy will allow you to find the best deal available and narrow down your search quickly. Reading up on reviews will also guide you in the right direction. For more information on what deals are available on new and used cars contact Natloans on 1300 955 791 or visit the website www.natloans.com.au

Technorati Tags: Buying a car, car finance, tips to buying a car

In Australia, as of January 2011-2014 Gillard will provide up to $394 million to support motorist in buying new, low emission, fuel efficient vehicles. This aims to reduce carbon dioxide emissions of one million tones, whilst at the same time removing 200,000 pre-1995 cars off the road. This will benefit motorists in two aspects: saving $344 million in fuel costs and they will be traveling in safer cars!

There are a few conditions:

• Your car must be given up to be crushed and sold as scrap metal.
• You must be purchasing a new vehicle to be eligible for the $2,000 rebate.
• There is a list of specific vehicles you may choose from, there are at least 370 vehicles that are eligible so you shouldn’t have too much difficulties finding a car that suites your needs. Some vehicles that you can choose from are: Toyota Prius, Suzuki Auto, Holden Barina Spark, Honda Jazz or the Hyundai Getz.

This program has proven to be quite successful internationally, if Australians are open to this suggestion we will be cutting down on a significant amount of pollution that will benefit us all in the long run. If you are considering financing a new vehicle contact Natloans on 1300 955 791, to see if you are eligible for these funds in the new year!

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If you have money to spare go for it! These days you can purchase a vehicle that is only a few years old and majority of these cars are as good as new and there are hundreds to choose from (i.e. Mazda 6, Holden Commodore, Toyota Yaris, Honda Accord). At the end of the day each car has the same features and performance levels, the only difference is the price you pay.

Another target market that would suit the category “used cars”, are new drivers. Statistics reveal that young and new drivers have a higher chance of being in a car accident or will bump their car here and there unintentionally. Why pay for a new car knowing that the moment you drive away from the dealer the price will drop a few thousand.

Where to find your next purchase?

The two broad categories you can start searching is either online websites or pop in to your local dealership. It would be ideal to begin at a dealership where you can see a range of vehicles, to choose what model suits you best and this also allows you to see what prices are applicable for each.

Having a few models in mind will guide you in the right direction. If you decide to purchase through a dealer, that is great! But remember to negotiate a price that you are satisfied with, get your moneys worth.

If you choose to buy through a private sale, you will need to undertake extensive research in finding the best option. That is, the right model, color, low kilometers and to check whether the car has been completely paid off from any previous loan.

For more information on what rates and loan terms are currently available contact Natloans on 1300 955 791.

Technorati Tags: Buying a car, buying first car, car dealerships, car finance

Two main factors that contribute to the interest rate is the loan term, credit history and the customer’s profile.

The longer the loan term is the lower the rate will be. However, if you expand the term too much you may find that you have been paying more interest than predicted. An ideal term would be 5 years, but it will vary according to the affordability of the customer.

If you have had a bad credit history the chances of you getting a loan are moderate, but be prepared to be faced with quite a high interest rate. This is due to lenders wanting to feel comfortable that you will be repaying the loan back and not defaulting again. For first time buyers it is imperative they receive the best advice from the beginning of the loan experiences. Remember not to apply to many financiers as this will affect your rating and may minimize your chances of being eligible for a loan, even though you have a clear record.

A customer’s profile depicts to a financier how strong they are, they take into consideration their occupation status, children, expenses and most importantly the wages. If a customer can’t afford to pay their commitments, no lender will be up for giving them a loan.

So before thinking of applying for a loan, contact Natloans for some advice! Remember don’t apply unless you are sure, you don’t want unnecessary hits on your credit file!

Technorati Tags: car finance, car loans, Interest Rates

In 2009, Nissan launched the electric car overseas and it is predicted that by 2012 it will hit the Australian market. These cars have been requested from thousands, even though they are still yet to be produced or available in specific countries. In various countries, the government has offered a rebate for individuals who wish to buy the “Leaf” car. However at the moment Australia isn’t too keen in implementing this grant, this doesn’t mean they won’t. At the moment they are supporting Toyota’s Hybrid car due to it being “beneficial” for the environment, only time will tell if this grant will be offered to Australians.

Where can you recharge?

Believe it or not, anywhere you find an electricity plug you can recharge. Whether it’s at work, at home or even at a supermarket! A batteries lifetime will depend on how well you maintain your car; Nissan estimates that it has an 8-year lifetime! When batteries are no longer useful, the company aims at using there power for other purposes and find ways to reuse/recycle them.

They solely run on a battery, benefiting individuals in the way that gas is not needed and they produce zero emissions.  It process is simple, in order to run your car all you must do is to charge it for 8 hours for a completely full battery, or “quick charge” it for 10 minutes. It is vital that these cars are not charged on quick charge several times a day, this doesn’t charge the battery to its full ability and may reduce the life of the battery.

It is a good idea to plan ahead in your financials; you may not be eligible for a loan at the moment due to having defaults or being bankrupt. This does not mean to say that you will not be eligible in the near future. So don’t wait around, speak to your local financier to see what can be done in order to be one of the first in Australia purchase the stylish Leaf. For more information on how to go about financing your new vehicle contact Natloans on 1300 955 791 or visit the website www.natloans.com.au

Technorati Tags: Buying a car, car dealerships, car loan, car loan tips