It is quite exciting knowing you will be driving around in a new vehicle, however have you really thought about whether it’s worth purchasing a brand new vehicle? Yes, surely you will be the very first owner, but is it really worth it?

If you have money to spare go for it! These days you can purchase a vehicle that is only a few years old and majority of these cars are as good as new and there are hundreds to choose from (i.e. Mazda 6, Holden Commodore, Toyota Yaris, Honda Accord). At the end of the day each car has the same features and performance levels, the only difference is the price you pay.

Another target market that would suit the category “used cars”, are new drivers. Statistics reveal that young and new drivers have a higher chance of being in a car accident or will bump their car here and there unintentionally. Why pay for a new car knowing that the moment you drive away from the dealer the price will drop a few thousand.

Where to find your next purchase?

The two broad categories you can start searching is either online websites or pop in to your local dealership. It would be ideal to begin at a dealership where you can see a range of vehicles, to choose what model suits you best and this also allows you to see what prices are applicable for each.

Having a few models in mind will guide you in the right direction. If you decide to purchase through a dealer, that is great! But remember to negotiate a price that you are satisfied with, get your moneys worth.

If you choose to buy through a private sale, you will need to undertake extensive research in finding the best option. That is, the right model, color, low kilometers and to check whether the car has been completely paid off from any previous loan.

For more information on what rates and loan terms are currently available contact Natloans on 1300 955 791.

Technorati Tags: Car Finance, car interest rate, car loan

Purchasing a new or used vehicle can be quite a disaster if you don’t do your research before you hit the dealerships! If you are seeking a private sale be sure to do thorough vehicles checks including investigating whether the car has been fully paid off and if it has been in any serious accidents.

If you are looking at purchasing a vehicle from a dealership, whether it is used or new keep an eye out that you are getting what you paid for! You may be getting scammed and not even knowing about it. Remember to be ready to negotiate a deal that you will be satisfied with! The dealer will more than likely begin with the highest price, so you do the opposite! Start low and work your way up to your budget. Don’t make an agreement because you feel pressured or feel sorry for the dealer, they are only doing their job!

When shopping for your car, keep in mind the following:

• Dealerships must inform the buyer if the car has been in any accidents, if odometer readings aren’t correct and whether the vehicle has been used as a rental vehicle in the past.
• A dealership cannot sell a vehicle for more than the advertised price. Do your homework, you don’t want to be ripped off.
• A “demo” car may be on the market at a new car “price”, negotiate a deal! This is not a new car if it has been driven!
• If you are getting your finance from a dealer be sure to sign one set of contracts! If your partner is going on the loan with you this must be apart of one document and the conditions must be clearly stated.
• If you do not understand English fluently an interpreter must be present who knows both languages to prevent miscommunication. The consumer must know what they are signing themselves up to.
• Dealers may charge you extra and add various products. This will inflate your monthly repayments! Be specific as to what you want and how much you will pay.

It is vital that you understand how dealerships work, at the end of the day you want to benefit in the long-run and get a deal with a good interest rate that you will be able to repay. If you do default this will minimize your chances of getting financed again. So before you hit the dealerships contact your car financier and get a professional opinion. For more information call Natloans on 1300 955 791.

Technorati Tags: Car Finance, car interest rate, finance deals

With only weeks away from the election it’s time to make a decision! Although we may not completely agree with what each Prime Minister proposes, at the end of the day we need to choose the party that will benefit us more.

It has been announced that the Labor Government is intending on giving Australians a $2000 rebate on the purchase of their new vehicle in order to give individuals the chance to upgrade their car to something more fuel efficient! So why not think about purchasing a new economical vehicle to save on petrol and minimize the effect on climate change?

If you are having issues with your car and want to upgrade to something stylish and small?

Toyota Yaris

The Yaris was established in 2005 and hit off with great success; you are bound to have seen one drive past you. They are a spacious car and are available in a hatch or a sedan, depending on your preference! They are currently on the market for roughly $22,000 brand new and used are ranked at about $10,000-$15000 all depending on the modal and year of the car. Below are only various components; you would be surprised how much more this little Yaris has inside!

Specifications:

-            Available in manual/automatic either 3 or 5 door

-       Electric Power Steering

-       Front wheel drive

-       ABS brakes

Features:

-       Power windows

-       Air-conditioning

-       Storage compartments

-       Digital instrumentation with liquid crystal display

-       MP3 compatible single disc CD

Price: $21,390 (Brand New)

Monthly Repayments: $367

Final Payment: $6417.00 (30%)

Loan Term: 60 months

Interest Rate: 8.27%

* To approved applicants terms & conditions apply

For more information on how to go about financing your new car, contact Natloans on 1300 628 562 or visit our website www.natloans.com.au.

Technorati Tags: Gillard 2000 rebate, government $2000 rebate, labors $2000 rebate

With the future market predicting a 5% RBA cash rate by the end of 2010 you can expect home loan interest rates to rise.

Loan rates are going to go up.

This means that now is the best time to take out a loan before the rate rise kicks in.

When the cash rate is at 5% then you can expect the home loan interest rate to be 7.25% ~ 8.00%. This will mean that you will be paying more than an extra $150 a month based on the average $250,000 first home buyer home loan.

Fixed interest rates mean that even if the interests rate rises your loan repayments will not change.

Apply online

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