Always remember to only get quotes not to do full applications.  Once you do a full application this means the is a ‘hit’ on your credit file.  Each time you complete a full application (which is easy to do on the internet), you get another ‘hit’. This could result in getting what we call in the industry a ‘busy file’.  No lenders want to be last in line so the more ‘hits’ you put on your file, the more likely you reduce your chances of getting approved for a car loan, let alone getting the best possible car loan deal.

What happens when you use a specialised broker?

Experienced brokers are well versed in current car loan products in the market place.  They can dig out the cheapest possible interest rate and the car loan with the features which best suit your requirements.  A broker can cut short the search for the best car loan as they are familiar with the likes and dislikes of a lender.  However, you are required to pay for the services of using a broker as a general rule.  But in the long run, it pays off the have the help of someone experienced because they save you time and money. Natloans are specialists in car loans.  For 10 years they have been helping Australians get the best car loan deals possible.  Natloans customers come back again and again because they are a credible brokerage that is made up of people who understand responsible lending and high service levels.

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When is worth buying a car with a credit card? If you car thinking of purchasing a car but don’t have the money for a deposit, you may want to consider using your credit card. If the car you would like to purchase is less than $5,000 then a car purchased may be the best option. If the loan amount is more than $5,000 then a loan broker is your best bet.

If you have a credit card then you can put the car straight on the card but if you don’t have a credit card then you will need to contact your local bank or credit union. Other companies do offer credit cards so do your research. Below are some tips:

• Credit card attract a surcharge up to 2.5% as a transaction fee.
• If you are getting a new credit card then some banks have specials for the first six months of the loan, which can save you plenty of interest rate charges and give you a bit of time to make some interest free repayments.
• When you use a credit card to purchase a car you don’t want to max out your credit card or you may find it difficult to manage your day-to-day shopping.
• Reward points are another benefit to using a credit card to purchase a car.

At the end of the day you need to weight up the pros and cons of using a credit for purchasing a car. If you have any questions feel free to contact natloans for any of your car loan enquiries. We offer condition free loan advice. Call 130 628 562 – http://www.natloans.com.au

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Here are a few tips to guide you through your journey….Three main points that must you must think about are:

• What price range should I be looking at?
• When should I seek for car finance?
• What are my finance options?

What price range should I be looking at?

Before you even think about what car you want to buy, you must see how much you can afford. Take into consideration your weekly expenses remember although you will potentially have a car to make you way around you must always have enough money to repair, service and stock up on fuel. Another question you must ask yourself is whether you will you be financing the entire amount or putting forward a deposit? To get a better idea of how much your repayments may be use our Car Loan Calculator to see what your budget looks like.

When should I seek for car finance?

Once you know your budget, the next step is to organize your car finance. In some cases you may need a guarantor or your partner to go on the loan as a co-borrower, this occurs in cases when you don’t have enough capacity to fund the loan alone. Aim to get an Approval first, this way you know your finance is ready and all you need to do is find the right car.

What are my finance options?

You have two options a personal or car loan. Keep in mind that personal loans are very difficult to get these days financiers are very strict on their terms and conditions. A car loan is what you need and is easier to arrange. With loan terms of up to 5 years you won’t even notice that you are repaying your car, keep in mind the more you pay the earlier you will own your car. In addition, you may make larger or additional payments throughout your loan term if you wish.

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Having a membership with the with COSL – Credit Ombudsman Service ensures that we are a just company who value our clients and are committed to building long term relationship with our clients.

By using natloans who is accredited by the Finance Broker Association of Australia – FBAA you can be rest assured that we abide by the FBAA’s Code of Conduct and provide comprehensive compliance training for all staff members. Natloans is a licensed broker.

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You know that you always want to out you best foot forward and in car finance you definitely want to do this.

You don’t want to just say, “Can I have loan”.

It’s like saying, “Hi I have no idea about loans. So you can charge me what ever you want.”

What if you could say something like this:

“I’m looking for a chattel mortgage with a 40% balloon, over 40 months with a buy back option.”

In the finance industry just like any other industry there are buzzwords that are used to make people sound like they know what they are talking about. the car finance there isn’t any difference and it isn’t hard to learn.

Car Hire Purchase

Car Finance Lease

Novated Car Lease

Chattel Mortgage

Car Hire Purchase

Essentially a hire purchase is a rental agreement. One of the most notable features of a hire purchase is that you keep the asset. A hire purchase agreement is between you, your employer and the finance company.

So hire purchase features

• The asset is your to keep once
• Depreciate can be claimed
• A balloon is an option
• The repayments can be reduced by including a deposit or a trade in
• You have a flexible repayment schedule

Learn more about car hire purchase

Car Finance Lease

A car finance lease is also referred to as a finance lease or car lease is essentially a rental agreement between the financier and you. A car finance lease is a commercial loan product, which has the advantage of owning the car while in actual fact the financier, owns the vehicle.

There are a couple way industry describes a car finance lease some call it just a finance lease or a car lease. This is another rental agreement. It is a commercial loan with all the benefits of owning a car but in reality the finance company owns it and you make rental repayments.

Learn more about car finance lease

Novated Car Lease

A Novated car lease is a great way for a business to give their employees a car as apart of the salary package.

Learn more about novated car lease

Chattel Mortgage

A great way off inancing business equipment. A chettel mortgage is a very flexible loan product.

Learn more about chattel mortgage

Technorati Tags: business finance, car finance, car finance terms

Albrecht Bamler has reportedly been recorded during a phone interview saying, “It’s speculation, which we don’t comment on”.

This has raised the question that Daimler may be buying Porsche shares.

One has to remember that Daimler is the world’s second largest carmaker of luxury car and world’s largest truck maker.

Such a move could be interesting given the current global financial climate.

Technorati Tags: car loans, Porsche

Car finance is an excellent way to get your hands on a car without having to save the entire cost to purchase a car. When it comes to financing a car there are always options like secured car loans and unsecured car loans. Whether to include a balloon at the end of the loan term and how much deposit you can afford. Usually you need to consider all of these finance options before seeing your bank or finance broker.

With a finance broker like natloans you will be able to make the right decisions based on free professional advice from one of our loan consultants.

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When it comes to choosing an automotive financing option for your business, it can seem like a daunting task. There are a large variety of options that you can choose from which can cause confusion. Which option is the best for you? Do the options have any hidden clauses that could cause me difficulty? For example, some of the options require you maintain a shared ownership of your new fleet vehicles until you have paid off the loan in full.

If you want to avoid such unfavorable terms and conditions and just have a straightforward financing option without the headaches (and who honestly wants to have to deal with additional headaches?) you may want to think about going for a standard Car Finance Lease. Instead of first buying the vehicle and then having to pay it off before you fully own it, your financing agreement will be a lease which will make sure that your vehicle will be maintained in proper working order throughout the lease term.

How Does a Finance Lease Work?

Fundamentally, a finance lease is just a rental agreement between you and the lease provider. The lease provider will keep ownership of the vehicle while the lease is in force. However, unlike a conventional lease agreement, the payments that you make on the vehicle will be put towards an agreed-upon price. This means that you will purchase the vehicle in full once the lease is paid off. The advantage for you is that since the lease provider is the owner of the vehicle and not you, the company that provides the lease will have the responsibility of making sure that the vehicle is in good working order. If the vehicle becomes faulty or cannot be used as intended, then the lease company should in most cases transfer your lease to a similar but working vehicle. Please make sure you check the terms and conditions of your lease from your intended lease provider to make sure this is the case.

What Do I Need To Do To Be Eligible For a Finance Lease?

The main condition of finance lease arrangements, as with many other forms of business fleet financing, is that you use the vehicle primarily if not exclusively for business purposes. Depending on the finance lease provider, they will have different minimum business usage requirements. However, if you are looking for a general rule of thumb, you want to ensure that the vehicle will be used at least 50-60% of the time for business. A finance lease is applicable for most types of businesses and some lease providers may also permit individuals who have an automotive allowance from their employer to take out a lease as well.

Finance Lease Options

If you go down the path of taking out a finance lease, there are a few things to consider. These include:

- Over how long do you wish to pay the lease?

- How much will be paid at the end of the lease? (ie: How much is the residual amount?)

- Payment options Some lease providers may also have an option of an extended lease. With this option, as new vehicles become available, you can trade in your old vehicle for a new one on which you continue to pay the lease for a longer term. Also, provided that you meet business usage requirements, there may be some tax deductions that you can take advantage of.

Take The Time To Do Your Research And Find The Best Lease

Each finance lease provider will offer you a different interest rate and financing terms. So take the time to do your research and compare the various options to make sure you get the lease that best meets the needs of your business. Contact a variety of finance companies and lease providers and speak to them, make sure you let them know that you want to a quote for a business lease rather than a personal lease. Also negotiate, it never hurts to ask. After all, you are giving them your business so makes sure they earn it. Things to compare include: interest rates, estimated payment amounts, how long the lease will be for and how much will need to be paid at the end of the lease term. By looking at these different aspects and comparing your options accordingly, you are in a much better position to obtain the best lease agreement for your business.

Technorati Tags: car finance