natloans – Finance & Leasing

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

Happy new financial year! Now is a great time to start afresh by reviewing your financial goals and putting strategies into place to achieve them.  If you plan and take action, you could really hit the ground running for 2010/11.  You may have a tax return, or an end of financial year bonus or a new pay increase which can contribute to you achieving these goals.

This applies to whether you looking at upgrading or downsizing in a new car or even refinancing the residual at the end of your loan term. You can do this wisely and prudently if you have a proper strategy and stick to it.

Consider the following tips in getting the best deal possible on your next car:

Cash Up

Try saving your tax returns and bonus towards a deposit in your new wheels.  By doing this you reduce the amount of exposure you have on the goods and make yourself more appealing to the lender. Lenders are conservative and want to know that their risk is reduced if in case the loan goes ‘pear shaped’. By saving a good deposit, you give the lender more of a reason to say ‘approved’.  It shows thought and planning has gone into the process of purchasing the car.  With refinancing of residuals, don’t just accept what the current financier is offering you.  Seeing a broker may add a few extra steps to the process, but it could work out to be a very worthwhile exercise.

Match the loan repayments to your budget

Before you go out looking for a new car, determine what you want to spend in accordance with your monthly budget.  There is no use falling in love with a car that will cost you repayments of $700 per month if you only feel comfortable paying $500.  Be realistic and factor in a “buffer”, that way if your circumstances change, it is still easy to meet the minimum repayments.  Use a budget calculator, spend some time analyzing your circumstances and then make your decision.  There are great deals on all the time, you won’t miss out.

Think outside the interest rate

When you do get the car loan, make a promise to make additional repayments where ever possible.  You may be finding that the loan you are going for may not reward you for extra payments but sting you with fees instead.  Try to get a loan product which enables you to make these additional payments so that when next financial years comes around and you have some extra cash, you can place this on your loan and effectively reduce the amount of interest you pay in the long run for the car loan. Choosing the best car loan requires more than finding the best interest rate.  Features such as the ability to make additional repayments can save you hundreds or even thousands.

Technorati Tags: car interest rate, car loan, new years resolutions