natloans – Finance & Leasing

Happy new financial year! Now is a great time to start afresh by reviewing your financial goals and putting strategies into place to achieve them.  If you plan and take action, you could really hit the ground running for 2010/11.  You may have a tax return, or an end of financial year bonus or a new pay increase which can contribute to you achieving these goals.

This applies to whether you looking at upgrading or downsizing in a new car or even refinancing the residual at the end of your loan term. You can do this wisely and prudently if you have a proper strategy and stick to it.

Consider the following tips in getting the best deal possible on your next car:

Cash Up

Try saving your tax returns and bonus towards a deposit in your new wheels.  By doing this you reduce the amount of exposure you have on the goods and make yourself more appealing to the lender. Lenders are conservative and want to know that their risk is reduced if in case the loan goes ‘pear shaped’. By saving a good deposit, you give the lender more of a reason to say ‘approved’.  It shows thought and planning has gone into the process of purchasing the car.  With refinancing of residuals, don’t just accept what the current financier is offering you.  Seeing a broker may add a few extra steps to the process, but it could work out to be a very worthwhile exercise.

Match the loan repayments to your budget

Before you go out looking for a new car, determine what you want to spend in accordance with your monthly budget.  There is no use falling in love with a car that will cost you repayments of $700 per month if you only feel comfortable paying $500.  Be realistic and factor in a “buffer”, that way if your circumstances change, it is still easy to meet the minimum repayments.  Use a budget calculator, spend some time analyzing your circumstances and then make your decision.  There are great deals on all the time, you won’t miss out.

Think outside the interest rate

When you do get the car loan, make a promise to make additional repayments where ever possible.  You may be finding that the loan you are going for may not reward you for extra payments but sting you with fees instead.  Try to get a loan product which enables you to make these additional payments so that when next financial years comes around and you have some extra cash, you can place this on your loan and effectively reduce the amount of interest you pay in the long run for the car loan. Choosing the best car loan requires more than finding the best interest rate.  Features such as the ability to make additional repayments can save you hundreds or even thousands.

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The first thing that comes to mind when buying a car is, “where am I going to get finance from?.” If you are planning on spending over $5,000 sure go ahead and contact your local financiers for more information. However, if you are looking at purchasing a product and don’t want to use a financier, your solution is waiting for you right in your wallet, your credit card.

Credit card rates use to have quite high interest rates, as the market is constantly competing against many companies the rates have now decreased making it more appealing to consumers. Before making the decision of a car loan OR using your credit card remember to:

• Shop around for the best interest rate, although some credit cards have low interest rates there are still high rates out there

• You will be paying a surcharge for every transaction made, when purchasing a car this surcharge can be up to 2.5%

• Purchasing your car on your credit card may affect your ability to pay your day-to-day expenses

• Don’t go over your limit, you don’t want to position yourself in a situation where you can’t cope in paying off your bills

• If your credit card gives you reward points in return this may be the purchase you’ve been waiting for, in order to win that trip overseas or a free television

There are many things you have to take into consideration before making your final decision, make sure you do all the appropriate research even it means speaking to a financier for an opinion. At the end of the day you want to make sure you have made the best decision for you.

Technorati Tags: buying a car with a credit card, credit card car, Credit card car finance

In Part One of ‘Steps to getting a better deal with your finance’, we covered two of the six points you should consider before taking out a consumer loan:

1. Work out what you can afford to borrow
2. Shop around for the best deal by using a broker

Following are some other useful pointers:

1. Know what you’re dealing with:  Make sure you know what you are signing before you go ahead.  An experienced and reputable broker will be happy to go through these details and any other questions which may arise.  Check the terms and the conditions of the loan contract, including any fees and penalties if payments are missed and what happens if you choose to pay off the loan early.
2. Get help if you cant pay your debts:   It is important you meet the payments you are required to make but when difficulty arises, burying your head in the sand is not the best solution.  Act quickly by contacting your credit provider or broker.  There are many places you can go for help including financial councillors.
3. Complain if things go wrong:  Try to resolve any issues you can with your broker or credit provider first.  If you are not satisfied take your complaint to an independent dispute resolution scheme.

More information on all of these points can be accessed at our web site which is www.natloans.com.au or calling 1300 628 562.

Technorati Tags: better finance deals, finance deals, reputable broker

Looking at purchasing a new car but you take one step back and realize that one telephone bill you refused to pay is what is holding you back? Well there are ways to prevent such cases or work around them in the long run.

What you must remember is that when dealing with a consultant you must be as honest as you can, they will find out if you are giving them inaccurate information. Whether you contact your local bank or a finance company they will most likely check your credit history to see if you have ever been bankrupt or had any defaults. What people don’t realize is that simply delaying bills it can be listed on your file and make it that more difficult in getting finance. Undesirable information can remain on your file for up to 7 years!! So next time you are due to make a payment be sure to have your money ready to go, even if it means paying it a few days earlier.

Did you know?

Making numerous enquiries to various finance companies will lower your chances of getting finance. Consultants can view all your enquiries on your credit file. If you speak to the right people about how to go about eliminating your defaults they will guide you to take the necessary steps to buy your new car. Natloans specializes in helping individuals with bad credit. Yes! You may not be eligible for a loan straight away, it may be 3, 6, or up to 12 months later you will have second chance of driving away with a new car.

What you can do to improve your credit file?

1. If you are aware of an unpaid default make sure it is paid completely before contacting a financier
2. With your new loan make sure all repayments are paid before the due date and are not in arrears
3. Don’t make too many enquiries to finance companies
4. Ask your local financier for more advice

Natloans deals with hundreds of clients that have had previous issue with their credit files, they have helped individuals who have lost everything get back on their own two feet. Our consultants go above and beyond to find a solution for all their clients, do not hesitate to contact us on 1300 628 562.

Technorati Tags: credit files, Credit History

Ever had bad credit?

In the past being bankrupt or having a bad credit file made it almost impossible to get finance anywhere. We all make mistakes, but how are we supposed to improve if we aren’t given a second chance? In today’s society the issue of having a few defaults on your credit file doesn’t eliminate the chance of purchasing your dream car – second chance car loans. It’s all about finding the right place to get finance where financiers understand exactly what you are looking for and are willing to go the extra mile in getting you the ideal loan.

Where can you find this type of service?

Brokers are specifically trained to guide their clients in finding the right car to satisfy their needs with the best interest rates possible. They aim to find the ideal lender that you are suited to, getting you a better deal than what you would have obtained on your own. A major advantage is the interest rates offered, brokers are able to negotiate with lenders for a lower rate than the Banks, this is the point of difference between a Finance Company and their competitors. Remember never, say never, there are people that are willing to give you and opportunity and guide you through with constant support in order to accomplish your dreams.

Technorati Tags: bad credit, second chance car loans

Congratulations on your approval! ?

Here is some free advice on negotiating with a dealer.

The main advantage when dealing with these people is that you are confident in the price and value of the car you wish to purchase. Make sure you research the price on-line at www.carsales.com.au or the like. This will make them see you are not a “wood duck” as they call people who they think they can ripp-off!

Don’t be scared to walk out if you cannot reach a price you are comfortable paying. They will probably chase you out the door!

If you are able to, call me with the full car details and I will tell you how much we can cover of the total on-road cost. If not, tell the dealer you cannot finance more than 100% of the retail price. For example if you found a car that retails for $15000.00, the trade price would be around $11000.00 – $12000.00 . The trade price is the amount a dealer would offer you to trade it in to them. Ideally you would like to be paying around $14,000.00 INCLUDING the on road costs.

You can access www.redbook.com.au which can give you an idea of what the car is worth but it will not do any adjustments for low or high klms if you cannot reach me.

Also keep in mind that the value of any ‘extra’s on a vehicle will not be covered by the lender. If the dealer is charging more money for a car because it has bigger rims, body kit, side steps, upgraded stereo system etc, you will most likely have to pay the difference out of your own pocket. Try to stick to a car that is standard for that model.

Once you have negotiated and wish to buy the car make sure the two following conditions are added onto your “Contract of Sale’. If they won’t add it on, don’t sign it!
1= Refund deposit on cancellation of contract if satisfactory approval on vehicle not given by YOUR lender.
2= (Optional) Subject to satisfactory Inspection Report

We have a number of dealers that we do business with so if you would like me to arrange someone to call you, please let me know. ?

Technorati Tags: tips for buying from a dealer

Looking for a car loan? Need to get it now?Natloans can get you driving your new car within 24 hours. Our loans writersare car loan specialists. You can apply online in less than 5 minutes or youcan call us on 1300 628 562. You will get an answer within 10 minutes and yourapplication will be passed to a loan writer to access and they will contact.

The best thing to do is to first getpre-approval. That way you can go shopping for your new car knowing how muchyou have to play with. You will also be able to negotiate on the sale of thecar and get the best deal.

We have personal unsecured and secured carloans to give you as many options and flexibility as possible.

Our car loan benefits

• The interest rate is fixed for the term of th loan
• Your repayments are fixed for the term of the loan
• We have $0 penalties on extra payments
• Great competitive interest rates
• Super fast approval
• The car can be used or new
• We have car loan terms of up to 7 years
• You can choose to have a residual/balloon at the end of the car loan
• The car can be purchased from a dealer or private sale

Technorati Tags: quick car loans

With the advent of the Internet it has now become easier to apply for car loans.

Take responsibility for your Credit File!

Having said that one need to be careful not to make car loans applications all over the place, because this will affect your chances of getting your car loan approved.

You need to make sure that your credit file is not getting “hit” every time you make an online application.

Basically finance companies will look your recent applications for credit cards, car loans and other finance applications. The finance company has access to your credit file. Every time you make any application for finance then it is documented on your credit file even if you are not successful in the application.

Some finance brokers will add a hit to your credit file without you even know. One company that protects the interest of its clients is natloans. They take the time to listen to your circumstances and assess how they can give you the best car finance deal before your credit file is even touched.

So before click on hundreds have a think about the implications on your credit file.

If you would like more information about getting a car finance and your credit file please contact natloans on 1300 628 562.

You can obtain a copy of your credit file

Technorati Tags: Car Finance, Credit File