natloans – Finance & Leasing

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

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

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