It means more than ever, it is important to do your research on the best way to finance your shiny new car, before leaping into a commitment.

Car Dealerships only offer one financier – that is, one size is suppose to fit all.  How do you know this is the best deal you can get?  Particularly when they have sold you on the car, pushing you into ‘instant’ or ‘easy’ finance, may seem convenient and get you into the car sooner.  However, be aware of the high price tag.

Now more than ever, it is important to have your finance lined up before you set foot in the car yard.  By obtaining pre-approval on your car loan, you are in a better position to talk price on the car.  And if they don’t budge on price, walk out the door.  Competition is fierce and dealers want to move stock, particularly when it comes closer to the end of each month.  Or alternatively, look at a private sale car.  There is no ‘middle man’ mark up and as long as you know what you are looking for, you can save yourself hundreds even thousands.

There are still plenty of competitive car loans on offer.  It’s a matter of knowing where to find them. Since the changes in National Credit Licensing of Finance Brokers, a lot of ‘rogue’ brokers have left the market.

The ones that remain have access to an excellent range of loan products which the normal consumer would be unable to access.  Natloans is one of these who for the last 10 years have been putting their clients into great car loan products no matter what your profile is. It’s worth while giving them a call to discuss options are available with an experienced consultant on 1300628562 or visit www.natloans.com.au.

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Comprehensive Car Insurance covers you incase of an unexpected accident! Not only if you have damaged yours or another car but also in the event of a fire, flood or theft. Although you can live without insurance, you never know what can unexpectedly happen to you on the road. You are better off being on the safe side, otherwise you will be seeking for large sums of money and you may not be able to afford it at the time.

The factors that will impact the rate of your insurance:

-        If you are under the age of 25 and/or are still on your p-plates expect to have a higher premium than what an individual with years of experience would. Age is a big factor that will influence your premium young individuals have a higher risk of being in an accident, due to being still new to the road and are easily distracted.

-        Gender, it is made known that females tend to be better drivers. Males tend to drive inappropriately at times increasing the chance of being in an accident.

-        The area that you live in is also looked at. If you are in a rural area you will get a lower rate than if you were to live in the city.

-        A safe driving record for at least 3 years will increase your chances of a lower rate, the moment you are in an accident the rate will increase. If it wasn’t your fault this will be taken into consideration and may not affect your rate.

-        The type of car you wish to buy and whether it has extra features.

What fee’s do I need to know about?

Insurance can be paid either monthly in small sums or in one large sum once a year. If you are in an accident you will need to pay excess. What is excess? Instead of paying for all the damage of your car you will pay a set amount of excess that will cover all the damage. Your insurance company will cover the rest and you won’t have to worry about anything. Depending on the deal negotiated you may even have a temporary car whilst your car is being repaired.

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What is a Finance Broker?

A Finance Broker can be referred to as a seller or a consultant, they aim at guiding you in finding the best finance option for your new car, truck or bike by following processes and various guidelines of a variety of lenders. The consultant negotiates with the client and the lender, finding ways to over come obstacles whilst getting the best deal available. There is a range of lenders on board, not all companies will be suited for all individuals.

Brokers are professional individuals who have great knowledge of finance options of many lenders, looking at satisfying all parties involved. They assist you in making decisions from what car your budget can afford to which lender will give you the lowest interest rate and the best payments options in the long-run.

What you should know as a client?

When seeking finance at any financier they will ask you to provide personal details, most importantly income, living arrangements and current liabilities. You cannot expect to receive a low interest rate if you have an appalling loan history or being bankrupt. It all depends on what type of client you are and whether you have had any previous or current defaults.

How to go about contacting a Broker?

With technology rapidly improving you don’t even have to visit your local broker, it’s as easy as making a 10-minute phone call to enquire or complete an application on the phone. When the consultant receives your application you will receive a call to verify your personal information, if you are eligible they will negotiate with the lender to find a product that will satisfy you.

Natloans is a Finance Broker that specializes in finding the best finance option for your new bike or car. For more information on who we are and what we do, contact us on 1300 628 562 or visit our website www.natloans.com.au to find out what deals are available at the moment.

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What should you keep in mind when shopping for a from a car dealer?

1. Remember to do your homework, read reviews, speak to your mechanic and any friends that have the same car. They will give you an honest opinion.
2. Decide on a budget and seek for a pre-approval before you even think about finding a car, you want to know that the finance is there when you find the perfect package.
3. If your buying from a dealer does not get persuaded by their discounts in purchasing another vehicle you know nothing about!
4. Pay a professional to inspect your car if it’s not brand new! Various companies offer this service, specifically for the pre-purchase of your car. An engine test and a road test is taken out and you receive a detailed report in order to guide you in making your decision.
5. Do not pay a deposit unless you are certain the car is in excellent condition.

How about private sales?

1. Check that the car is paid off! The only service “Register of Encumbered Vehicles” will provide you with a certificate that there is no money owing on the car.
2. Have your car examined by your local mechanic; you don’t want your purchase to be faulty!
3. Be sure that the owner is who they claim they are, in case it is a stolen vehicle.
4. Negotiate a fair price with the owner.
5. Take the care on a test drive!

Take the time to examine your car thoroughly, taking on necessary tests and measures so that you can be satisfied with your purchase. You don’t want to be buying someone else’s problems and having to pay another that much to fix mechanical problems!

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If you are looking at purchasing a brand new vehicle you must consider a few things, remember your car may depreciate up to 35% of its value within the first year. You will also need to pay stamp duty, dealer delivery and any extras you wish to add. Before you realize you may be over your budget or can afford to add a few more luxury items!

Once you are ready to hit the road with your new car, there are many ongoing costs that you must be ready for.

Insurance is vital incase of any accidents or damage to your car, insurance is essential in that when you unexpectedly have a collision the company will fix it at a much lower cost. You will need to pay insurance either monthly or once a year to cover you and if an incident does occur you will need to pay excess. Prices can range from $900 – $3000; this amount will vary depending on your driving history, age and location you live in.

Maintaining your car will depend on how well you drive and take car of it. You need to service your car on a regular basis in order to change oils, headlights and tires if needed. There are many more components that need to be changed depending on the situation.

Petrol is needed for running your car, unless you are using diesel or gas. They are all weekly costs that needed to be paid for or you won’t be getting anywhere! It is no secret that the prices are increasing, you cannot refill with $20 any longer, and you will need at least $40 for a full tank depending on the size of your car.

Parking can be an issue for some individuals depending on where they live and work. If you are working in the city expect to pay at least $10 a day on parking, even if you live near the city negotiate a permit if possible to prevent yourself getting booked. You don’t want to have to deal with ongoing parking fees, they aren’t cheap these days.

The above factors all need to be considered before buying a new vehicle, if you cannot afford the expenses you may need to find a cheaper option. Perhaps it’s a smaller car, a bike or even a scooter; there are many products that can still get you to your destination!

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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

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