natloans – Finance & Leasing

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

Queensland’s flood disaster has made residents all the more aware of what exactly their insurance policy consists of. Although it is stated in most policies that you will be covered for flood damage that is, flash flooding, storm water and rain water various insurers exclude riverine and inland flooding. This factor has affected many Queensland residences as they are now left with vehicles that are severely damaged and their insurers do not cover them. Many other residents weren’t even covered in the first place and as brutal as it may sound insurer’s are going by the notion of “no insurance, no payout”.

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.

Technorati Tags: Car Finance, First time buyers, insurance

Bankruptcy has become an increasing solution for individuals who cannot pay off their debts and liabilities. According to ITSA’s statistics, 10,499 Australians filed for bankruptcy in 2008-2009 and that is only in New South Whales! In Victoria, figures were almost half the amount at 5,980 individuals.

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

Technorati Tags: Bankruptcy, boat loans, Car Finance, car loans, Credit History

As time goes by technology is improving at a rapid rate, increasing our chances of survival in car accidents. Statistics reveal that in Victoria, 1 in 4 cars are unsafe, that is 27.9% of our cars. It is also evident that darker colored vehicles have a higher chance of being involved in a car accident, whereas lighter colored vehicles provide better visibility to drivers.

Purchasing a new car provides the driver with the newest and safest technology, hence the importance of eliminating older vehicles from the road. New technology has decreased the number of deaths and serious injuries, due to safer car features.

Various features that are included in most vehicles are:

ABS Brakes: ABS brakes prevent brakes from quickly locking up. In fact they usually prevent an accident from occurring due to being so effective.

Reverse Cameras & Sensing System: This feature is currently on specific vehicles, unless you have requested them. They allow the driver to have a view

Driver Fatigue Warnings: When the driver is on the road for more than 2 hours a warning will appear, reminding them to take a break preventing high levels of fatigue.

Airbags: Are currently in most vehicles and have saved many lives in the past. They are usually located in the centre of the steering wheel and on the side of the doors. When the car is in a severe collision, this will be detected and the airbags will automatically pop out in only a matter of seconds.

Car manufacturers claim that from 2012 head protection technology will be mandatory in all new vehicles. It is vital to be driving a car with high safety features, as drivers can be quite dangerous (i.e. intoxicated or fatigue drivers).

For more information on how to go about financing a safer car in the new year call Natloans on 1300 955 791 or visit www.natloans.com.au

Technorati Tags: Car Finance, finance deals, new years resolutions

When in comes to finding the right car it can often be quite difficult due to the huge range of cars in the market. There are all sorts of designs, colors and varying features. Although they are all used for the same purpose the extent of luxury varies significantly depending on the make/model.

If you know nothing about car shopping you have a few things to learn! Finding yourself the perfect car can be done online, by a dealership or even in the local trading post. The first place to start is at the car yard, allowing you to choose a car that you like and is between your budget. Once you have chosen a few cars of interest your investigation begins in order to narrow your search down.

Websites such as www.carsales.com.au offer a wide range of new and used cars, allowing you to search according to the make, model and even location in which the car is currently in.  This is the most popular way of finding a car, checking online daily to see if the right car is on the market.  If and when you find the car, call the owner to pop by for a test drive! Remember to ask:

• Whether the car has been completely paid off?

• When the registration is due?

• If the car has been in any major accidents?

If the car has traveled a significant amount of kilometers you may be able to negotiate with the owner to drop the price even further. Look for any flaws of the vehicle, even if it is a scratch here and there to drop the price to a satisfactory one!

If you aren’t up with technology the trading post is a great way to find your car! Although you may not be able to see a visual at all times, if you know what you want it should be fine due to you will be taking it on a test drive before you make the purchase.

Knowing what you want to buy will allow you to find the best deal available and narrow down your search quickly. Reading up on reviews will also guide you in the right direction. For more information on what deals are available on new and used cars contact Natloans on 1300 955 791 or visit the website www.natloans.com.au

Technorati Tags: Car Finance, car loans, quick car loans

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

Before Gillard was elected to be Prime Minister she proposed the “Cash for Clunkers Program”, now the citizens of Australia are eligible for this benefit if they meet the criteria. This program has been proven successful in European countries, that is many individuals are favoring newer and smaller cars. What happens during this process is that individuals trade in their car that has aged significantly and receive 1,000-2,500 euros to go towards a new vehicle that is better for the environment.

As of January 2011-2014 Gillard will provide up to $394 million to support motorist in buying new, low emission, fuel efficient vehicles. This aims to reduce carbon dioxide emissions of one million tones, whilst at the same time removing 200,000 pre-1995 cars off the road. This will benefit motorists in two aspects: saving $344 million in fuel costs and they will be traveling in safer cars!

There are a few conditions:

• Your car must be given up to be crushed and sold as scrap metal.
• You must be purchasing a new vehicle to be eligible for the $2,000 rebate.
• There is a list of specific vehicles you may choose from, there are at least 370 vehicles that are eligible so you shouldn’t have too much difficulties finding a car that suites your needs. Some vehicles that you can choose from are: Toyota Prius, Suzuki Auto, Holden Barina Spark, Honda Jazz or the Hyundai Getz.

This program has proven to be quite successful internationally, if Australians are open to this suggestion we will be cutting down on a significant amount of pollution that will benefit us all in the long run. If you are considering financing a new vehicle contact Natloans on 1300 955 791, to see if you are eligible for these funds in the new year!

Technorati Tags: Car Finance, Gillard 2000 rebate, new years resolutions, quick car loans

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 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