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Finance Tips for a New Car If you’re currently in the process of buying a new car, you might also be thinking about the types of financing options available to you. In short there are two main variants – with the first being dealer finance and the second known as lender finance. What is the difference? Generally speaking, you’ll find dealer finance available when buying your new car from a showroom, whereas lender finance is sourced from a third party agency. Both have their benefits and it could be well-worth getting to know more about each type before deciding on one. Tips to help you with your new purchase If you are ready to go ahead with your purchase under a financing agreement however, then you’ll likely want to ensure that the loan that you opt for offers flexibility to pay off more at particular times (such as when you

How to Choose a Car That Suits Your Business Any successful business owner will likely tell you that if it wasn’t for their assets, they wouldn’t have achieved a fraction of the success that they have been able to. And although a vehicle might not be the first asset to spring to mind – the reality is that cars can be incredibly diverse resources to companies that work within any number of transport industries. What should you do to help with choosing a car that suits your business? One of the first things that you might want to think about is whether your business may benefit more from leasing a vehicle, or buying a brand new car (or a used one instead). Whichever option you go for, you may need to start thinking about your cash solutions – in particular, whether or not you could be eligible to apply for

Car Finance Options – Should You Lease or Buy? When it comes to buying a car you’ll typically find yourself presented with a variety of options. But two of the most prominent relate to leasing or buying the vehicle in question – and with both solutions bringing their own benefits to the table, you could find yourself struggling to choose between the two. The benefits of buying with the aid of a loan One of the most prominent and appealing factors of buying a car with a loan is the freedom of choice that you’ll have when selecting a vehicle. Once you’ve been approved for a car loan, you’ll be able to pick and choose from any number of models that fall within your borrowing budget. There’s also the option to define how many repayments you’d like to make, with many lenders being willing to stretch the costs over the

Why do dealers offer 0% Finance? When it comes to buying a new car, the chances are that most people will feel pretty spoilt for choice. First of all, there’s the sheer variety of stockists – and that’s before you even consider turning to the web to really get to grips with what’s available. But there’s one particular aspect of buying a vehicle that plenty find appealing; and that’s the potential of 0% finance. But what exactly does this mean and how could it affect you? Is it simply a ploy to get people to pick a specific company, or could it actually offer rewards that you won’t find elsewhere? In many instances, an agency might simply want to clear their less popular stock – and as you’ll undoubtedly be able to tell already, a little extra effort on your part can certainly help to separate the men from the

Bought a new car, but it’s a lemon? Buying a new car is an exciting experience, but what happens if you have bought a new car lemon? How disappointing and angry would you feel, right? Did you know that when you buy a new car that there are automatic guarantees? These are referred to as Australia’s consumer guarantee rights and they extend to buying a new car. If you have had problems with your new car, you are entitled to have these problems remedied under the consumer guarantee and the manufacturer’s warranty or extended warranty. What does the consumer guarantee cover? When you buy a new car, there are a number of things that are covered, including Acceptable quality Be fit for any purpose disclosed before the sale Match the description provided Have spare parts and repair facilities regardless of whether an independent operator services or repairs your car. What

Tips for Buying a Used Car Buying a used car can be a great way to enjoy a more affordable alternative to purchasing a brand new model – in fact, many of vehicle buyers go for second hand options. One of the most obvious benefits is the ability to define your budget based on what you can afford; and if you make sure to do your research, you could even find your budget catering to running costs as well. But as with all expenses, you’ll likely want to focus on a few particulars to ensure that you go for the right model – and one that’s within your price range. A little research can go a long way and it’s important to note that a higher ANCAP rating can be much more of a priority than a lower one, simply to save some extra cash. Safety comes first and once

Should I pay off my car loan faster? When you are fortunate enough to be in a financial position that allows you to consider paying off your car loan in full, you may want to hold off on emptying your pockets. While being debt free is an attractive lifestyle choice for many individuals, there are reasons why finalising payments may just fall short of the mark. There are downsides to clearing debt of any kind before the agreed end-date, but what are the potential pitfalls – and do they outweigh the benefits? First and foremost, check the fine print on your particular loan agreement before making any kind of extra payments (outside of the agreed amount and duration), as advance payments may not be considered the same as paying down the principle in certain policies. The negatives The reality of your credit score Paying off your auto loan won’t automatically