natloans – Finance & Leasing

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

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

After years of testing and innovative ideas Nissan has come up with an impressive, stylish electric car! Who would have thought that the car industry would change that rapidly that there would be no need to ever have to refill our tanks with petrol or gas? It was not long ago that the hybrid cars were seen as an amazing invention, to reduce the amount of damage us drivers do to our environment and now we are seeing a product that will potentially be even better.

In 2009, Nissan launched the electric car overseas and it is predicted that by 2012 it will hit the Australian market. These cars have been requested from thousands, even though they are still yet to be produced or available in specific countries. In various countries, the government has offered a rebate for individuals who wish to buy the “Leaf” car. However at the moment Australia isn’t too keen in implementing this grant, this doesn’t mean they won’t. At the moment they are supporting Toyota’s Hybrid car due to it being “beneficial” for the environment, only time will tell if this grant will be offered to Australians.

Where can you recharge?

Believe it or not, anywhere you find an electricity plug you can recharge. Whether it’s at work, at home or even at a supermarket! A batteries lifetime will depend on how well you maintain your car; Nissan estimates that it has an 8-year lifetime! When batteries are no longer useful, the company aims at using there power for other purposes and find ways to reuse/recycle them.

They solely run on a battery, benefiting individuals in the way that gas is not needed and they produce zero emissions.  It process is simple, in order to run your car all you must do is to charge it for 8 hours for a completely full battery, or “quick charge” it for 10 minutes. It is vital that these cars are not charged on quick charge several times a day, this doesn’t charge the battery to its full ability and may reduce the life of the battery.

It is a good idea to plan ahead in your financials; you may not be eligible for a loan at the moment due to having defaults or being bankrupt. This does not mean to say that you will not be eligible in the near future. So don’t wait around, speak to your local financier to see what can be done in order to be one of the first in Australia purchase the stylish Leaf. For more information on how to go about financing your new vehicle contact Natloans on 1300 955 791 or visit the website www.natloans.com.au

Technorati Tags: car loans, electric car loans, electric cars

Choosing the best car loan isn’t just about the interest rate.  A car loan should suit your needs and profile.  Before you start looking into a new car purchase, ask yourself a few questions.  This will give you a good idea of what you are really looking for in a car loan.

1. What is the age of the car?  Car loan rates vary depending on the age of the car.  If you are going for an older car, don’t expect as sharper interest rates as a new car loan.  A car is a depreciating asset and lenders take this into account even if you are a ‘prime customer’. The age of the car may restrict how long you can have the loan term for.  For example, a lender may not like the car to be older than 9 years at the end of the loan term.  This means if you are looking to finance a 2004 model, this is already 6 years old and the lender may only approve the loan over a 3 year term.
2. What is the loan amount you are looking to borrow?  This also effects the rate and the products available.  Some loan products have lower rates for borrowing more.  For example a loan for 5K is not going to attract the same low interest rates as a 30K car loan.
3. Are you putting in a deposit or a trade in?  100% is more difficult to obtain.  In many scenarios (mainly consumer loans) lenders want to see that you have made a savings commitment to you new purchase. This reduces the risk  or exposure on the asset to the lender.
4. Is the car for business use or personal use?  This will determine the type of car loan product you require.  Its best to seek your accountants advise on loan product particularly when its for business use.
5. How long would you like to pay the loan back?  Loan term determines repayments.  You need to think about your budget and your monthly expenses before adding the car loan.  Of course, if you pay the loan back sooner you pay less interest.
6. What is your credit history?  Do you have defaults? Have you been bankrupt?  Do you have a lot of experience in having car finance?  Or is this your first loan?  Lenders will assess you for approval based on your credit file.  Be aware of what is on your credit file and don’t make multiple loan enquiries.  This will give you an ‘active’ credit file which lenders dislike and are more prone to rejecting your application.

Technorati Tags: car loans, car loans interest rate, car loans questions, choosing the best car loans

Finding your car expenses are too expensive? Yes surely a car is ideal for family use, but how about when you are going to work each day or just to the local supermarket? You don’t need a car, these days petrol prices aren’t the cheapest, the days of filling your tank with $20 are gone! So why not downsize to a scooter?

There is an increase of environmental concerns, there are thousands of cars on the road each day, imagine the amount of pollution that is constantly hovering around us. Not only this it is now a struggle to find parking all over Melbourne, unless you are willing to pay for parking you will be moving your car every hour to minimize your risk of getting fined! Scooters are small and compact you can just park them at bike racks. Another highlight is that you don’t even have to wait in traffic. You can speed by traffic jams and get to your destination faster and many scooters are now made for gas consumption which is a cheaper option rather than petrol. What’s not to love?

The maintenance of your scooter should be of high concern, things like checking your oils, tire pressure and battery should be done every month.  Every six months you should check and change if needed your tires and breaks, these components are important for your safety, you don’t want your scooter to lose control resulting in injuries. Remember you will be using it as much as a car and this only has two wheels!

Before making a decision weigh up the benefits of using a car or a scooter and seek for ways in which to save in the long run. Maybe it will involve having both and using each for different occasions at the end of the day it is what you prefer more!

Technorati Tags: car loans, Scooter Loans