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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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!

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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 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.

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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 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

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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

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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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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.

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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

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