natloans - Finance & Leasing

The questions that should be asked about a car loan

Natloans — Fri, 01 Jul 2011 06:55:46 +0000

It’s a scary thing applying for a car loan especially if it is your first one. These are the kind of questions you should be asking each lender or broker before applying for a loan. Firstly it’s easier to know how much you’re willing to borrow, what type of car you are looking at and you’re stability. Can you afford to take out a loan?

Here are some question you should ask to find out which lender or broker suits your needs and lifestyle:

What is the interest rate for a $_____ loan?
Is the interest rate fixed or variable?
What are the ongoing charges or fees to keep the loan running?
What are the fees to pay off the loan earlier?

It is important to proceed with a loan that suits you, as it can create problems in the future example of this can be: not having enough funds in your bank to make a payment or being over committed can put pressure on yourself. The worst that can happen with having issues with repayments is that a default can be created upon your credit history, this can appear even when you are not aware, so it’s best to keep up to date with your repayment.

In future if you again want another loan a lender they may not lend you the money due to late payment they can check this by looking on Veda and getting a copy of your credit file. So before these issues become available it best to ask the questions first before proceeding.

If you ever need to have a chat about your options in taking out a loan please do not hesitate to contact us and one of our supporting staff would be more than happy to assist you with any concerns you may have. You can find us on our website www.natloans.com.au or give us a call on 1300 955 791

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How to finance a MOTORCYCLE (PART TWO)

Natloans — Fri, 03 Jun 2011 00:35:33 +0000

Now you have chosen the motorcycle of your dreams its time to get down to business and start getting the paper work together to buy the motorcycle and finance the motorcycle.

Firstly an application form will need to be done, with all your details, assets and liabilities and the type of motorcycle you are looking to purchase.

Once this has been completed, and you’ve spoken to the finance consultant they are now able to submitted your details to a lender, they are the people who decide whether they are willing to fund you the money or not. You will then need to provide the broker with a front and back copy of your driver’s licence, two forms of id Medicare card, debt card, passport or birth certificate. Once you have been approved its time to get some signing done.

Each applicant is different it maybe harder for others to proceed with their application, depending if you have defaults or court actions against their name, but there is another option for those people in different circumstances where a second chance lender will give you a chance to regain your credit history.

Depending on your circumstances and history will determine how long it will take for your loan to be approved and the documents that are needed to prove that you can pay the loan off.

Technorati Tags: finance a motorcycle, how to finance a motorcycle, motorcycle finance

Finding the best pre-owned car

Natloans — Thu, 02 Jun 2011 00:40:39 +0000

Getting a car loan approved is on thing but trying to find a used car is another and it can be a daunting task, you may find yourself asking where to start, what to look for and what options you have…. Obviously dealers will offer used and pre owned cars… but there many more options that are available to you. With technology vastly advancing, online car sale sites are defiantly popular. Amid thousands of users Australia wide, your choices are endless. The pros far out way the cons when it comes to online shopping…. But be warned there are minimal risks and that you will soon learn how to avoid.

Do your research - Research the year, make and model of the car as well as the safety features and benefits. Study the pictures and look for any exterior and interior damage that may not have been listed. It always pays to know what kind of car you are looking for and what you want in terms of kilometers and safety extras. If you are serious about purchasing a certain you can request a vehicle history report, which will give you information on mileage, previous owners and other critical and helpful info. More than anything be as up to date on all the car info as possible to ensure that you are not getting ripped off.

Be Aware – when shopping online you have to be aware of the possibility of being scammed. Make sure you can always get a hold of the seller at all times and that you do not pay any money upfront without seeing the car and meeting in person first, if they do not disclose any vital information or they seem hesitant or stand offish trust your instinct, ask for a second opinion.. Someone you know may have experience in a related field and may be able to help you.. if at any point you feel unsure its always best to trust your instinct.. When purchasing anything making sure that you are 100% sure with every decision!
Most importantly, make sure you understand the whole process, and if you ever have any hesitations contact your broker who will be more than happy to help.

Enjoy your new car!

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How to finance a MOTORCYCLE (PART ONE)

Natloans — Wed, 01 Jun 2011 00:47:25 +0000

Thinking of getting a motorcycle but don’t have the funds to buy one out right? Well, taking out a loan is the way to go, you can borrow the money to get the motorcycle and slowly pay the funds back. But it’s not that easy…It’s only easy if you have the right assets and liabilities.

This is the article that will help you out in what is needed to finance the motorcycle that you always dreamed off.

3 important steps that must be taken into consideration before financing a motorcycle:

1. Pick out you’re dream motorcycle.

Take into consideration when choosing a motorcycle..

+ Make sure the motorcycle is in your price range
+ Learners should start off with the lowest CC range and work their way up into the high CC range once more experienced.

2. Decide how you’re going to pay for the motorcycle.
There are many options in how you can do this…

+ Fianancing through your bank
+ Financing through a dealership
+ Financing through a finance company
+ Paying cash

It’s best to have a deposit when financing through lenders, also savings and one other loan which shows consistency and that you can make the payments back.

3. Are you going to buy it from a dealership or from a private owner?
When going through finance you must have an idea of who you are going to buy the motorcycle from. A private sale has more paper work involved than a dealership. The owner of the motorcycle must provide their details such as drivers licence, registratation papers, bank statements to provide them with the payment into their account, vic roads vehical check and inspection.

Also see part two in how to finance a motorcycle where, we talk about what is need to go to the next part of financing which includes putting in your application to settle the deal for you to have your dream motorcycle…

To continue reading part 2 [How to finance a motorcycle (part two)]

Technorati Tags: motorcycle finance

Bad Credit History?

Natloans — Mon, 30 May 2011 02:32:24 +0000

A loan is an easy beneficial way of getting something you want but cannot quite manage to pay for upfront. If you need a new car, equipment for your company or if you would even like a new boat or bike you can apply for a loan. The first thing you need to remember that if you are considering a loan and you are comparing different brokerages and lenders you need to ensure that you do not physically sign any forms unless you are 100% sure that you are going to proceed with that firm, otherwise this can create a busy credit file that will damage your chances in getting an approval. Make sure that you are upfront and honest with the people that you talk to and tell them about any history that you may have, it will only save time and help your situation.

If you have ever had previous defaults, credit enquiries you need to tell your consultant as soon as they as.. Because either way they will find out. Obviously these will be detrimental to your file and will sometimes affect it in the way that you would not be able to be approved…. Yet. Even if you have been declared bankrupt you are still able to take out a loan once it has dropped off your file. When you have months a certain amount of unpaid defaults or a really busy file you must wait at least 6 months or until you have paid your defaults or at least 12 months for bankruptcy. In the meantime, you should try to avoid missing or even making late payments on any bills you may have to pay. Try your best to pay the defaults off and avoid making any enquiries for the next few

Having any assets or anything to your name will be a benefit to you and your file, that includes savings, the more you have in the bank or “on hand” will help you with your future application…. Don’t fret if you have prior history, there are many second chance lenders and even more consultants who are more than happy to help you.
Just make sure you pay off your defaults, and save! You are one step closer to getting your loan approved!

Technorati Tags: bad credit, bad credit history

What is the best colour car to buy?

Natloans — Fri, 29 Apr 2011 04:07:40 +0000

What is the best colour car to buy?

Picking the colour of your car is a hard decision, but it is totally up to you in the colour of the car you pick, so here are some points that can help you in choosing the colour of your car.

Black cars are normally the most unsafe car on the road. When driving in the night they are hard to see, but that goes with any dark car such as a gun metal grey or a dark blue or green colour, Dark colour cars are also hard to keep clean, you can always see every spot of dirt and scratch, and even once you have cleaned and waxed it, it will still come up with swirls.

White and light colour cars are the safest car to drive and are easy to keep clean; they are also very popular in the elderly drivers. You cannot see many of the scratches or the dirt. They are also very easy to see in the dark.

If you want an outrageous colour car such as red, pink or blue, they would be like having a dark colour car you would always be able to see the scratches. If you leave you red car out in the sun like most colours it will start to fade and turn pink.

Hope fully this information helped you and made it easier to choose the colour of your car.

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What is Gap cover?

Natloans — Sun, 24 Apr 2011 15:30:28 +0000

In cases of ‘total loss’, GAP cover is a type of insurance that can cover the financial gap between the insured value of your vehicle and the total amount owed to your financier.

Take Suzie for instance she brought a brand new 2009 BMW Series 3, and crashed it and “wrote it off” in 2011 she still owed $50,000.00 on it, if she didn’t have GAP cover on her car she would be stuck paying out $50,000.00 on a car she didn’t have.

But luckily she did, so her insurance company paid out her debt and she was able you get a new car a month later, with out having to worry about her debt from her previous car loan.

GAP cover is a great thing to have. It might cost that little bit extra but it puts the mind at peace if you do “write off” you car and still have finance over it, instead of paying off a loan that you don’t get the use out of the car.

If you ever need to have a chat about your options in taking out a some insurance please do not hesitate to contact us and one of our supporting staff would be more than happy to assist you with any concerns you may have. You can find us on our website www.natloans.com.au or give us a call on our toll free number 1300 955 791

Technorati Tags: gap cover, insurance, write off

How to Obtain a Car Loan

Natloans — Fri, 22 Apr 2011 01:00:36 +0000

Getting a car loan is the easy part if you have two things sufficient income and a good credit rating, obtaining the loan is the hard part. Creating a budget will help you work out what needs to be paid and what you have left over to obtain your lifestyle.

Make sure the loan suits you and your budget, you don’t want to miss payments due to not having enough money otherwise this results in issues such as a black mark on your credit file or court case which nobody wants to be apart off.

To stop this from happening before getting a car loan out these are some of the things you can take into consideration…

- Your income (how much do you ear after tax?)

- Children (allow at least $200 for each child a week)

- Renting, Mortgage or Owner (allow money to live in a house)

- Lifestyle (allow money to do things for pleasure)

These are the things that you need to figure out before taking out the car loan you don’t want issues in the future in regards to paying off the loan.

If you ever need to have a chat about your options in taking out a car loan please do not hesitate to contact us and one of our supporting staff would be more than happy to assist you with any concerns you may have. You can find us on our website www.natloans.com.au or give us a call on 1300 955 791

Technorati Tags: Car Finance, car loans, credit rating

How to name your car

Natloans — Thu, 21 Apr 2011 02:46:02 +0000

There are so many people out there that name their cars. But why? And where do they get their names? Some people name their cars after there colour or buy how fast they go.

So how do you find the right name for you car? Every day we use our car to get from one place and back. Some of us use our cars so much we basically live in them. That’s why you should name your car that suits you and you car, for example: if it was a big car you could call it the beast.

Think about naming your car after a loved one. Many of the cars on the road are named after those who put up the funds to get the vehicle in the first place. Or it reminds you of a friend, if some one is a bit slow and you car is slow you could name it after them.

Consider naming the car after a favorite thing. Calling your car after something you really enjoy would be some thing like the “Sqaush-moblie” if you enjoy playing squash. Name your vehicle after a cartoon character- if it is yellow you could call it tweety bird, or it is grey you could call in bugs after bugs bunny.

Consider naming the car to reflect some personal reference of the vehicle. If some one has a car and it is like a rubbish bin, you could probably call it the “Trash Can”. Name your car after a color. It could be Red, Blonde or Rojo. Both English and Spanish names are very popular for cars!

If you ever never need to have a chat about your car loan options in taking out a loan please do not hesitate to contact us and one of our supporting staff would be more than happy to assist you with any concerns you may have. You can find us on our website www.natloans.com.au or give us a call on 1300 955 791.

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Am I eligible for a loan if I am unemployed?

Natloans — Thu, 10 Feb 2011 23:13:18 +0000

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.

Technorati Tags: better finance deals, Car Finance, Credit History