Posted on 27 July 2010 by admin
There are many car loans products in the market place that for the normal consumer is it difficult to formulate an opinion. Contacting lenders directly would mean you are under the pressure to make a full application and that will certainly not guarantee you the best loan possible. This is why the internet is a brilliant tool to do your research.
Always remember to only get quotes not to do full applications. Once you do a full application this means the is a ‘hit’ on your credit file. Each time you complete a full application (which is easy to do on the internet), you get another ‘hit’. This could result in getting what we call in the industry a ‘busy file’. No lenders want to be last in line so the more ‘hits’ you put on your file, the more likely you reduce your chances of getting approved for a car loan, let alone getting the best possible car loan deal.
What happens when you use a specialised broker?
Experienced brokers are well versed in current car loan products in the market place. They can dig out the cheapest possible interest rate and the car loan with the features which best suit your requirements. A broker can cut short the search for the best car loan as they are familiar with the likes and dislikes of a lender. However, you are required to pay for the services of using a broker as a general rule. But in the long run, it pays off the have the help of someone experienced because they save you time and money. Natloans are specialists in car loans. For 10 years they have been helping Australians get the best car loan deals possible. Natloans customers come back again and again because they are a credible brokerage that is made up of people who understand responsible lending and high service levels.
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Posted on 27 July 2010 by admin
When is worth buying a car with a credit card? If you car thinking of purchasing a car but don’t have the money for a deposit, you may want to consider using your credit card. If the car you would like to purchase is less than $5,000 then a car purchased may be the best option. If the loan amount is more than $5,000 then a loan broker is your best bet.
If you have a credit card then you can put the car straight on the card but if you don’t have a credit card then you will need to contact your local bank or credit union. Other companies do offer credit cards so do your research. Below are some tips:
- Credit card attract a surcharge up to 2.5% as a transaction fee.
- If you are getting a new credit card then some banks have specials for the first six months of the loan, which can save you plenty of interest rate charges and give you a bit of time to make some interest free repayments.
- When you use a credit card to purchase a car you don’t want to max out your credit card or you may find it difficult to manage your day-to-day shopping.
- Reward points are another benefit to using a credit card to purchase a car.
At the end of the day you need to weight up the pros and cons of using a credit for purchasing a car. If you have any questions feel free to contact natloans for any of your car loan enquiries. We offer condition free loan advice. Call 130 628 562 – http://www.natloans.com.au
Technorati Tags: credit card car purchase, purchase a car with a credit card
Posted on 20 July 2010 by admin
Considering buying a car for the first time but unsure about how to go about making the right purchase?
Here are a few tips to guide you through your journey….Three main points that must you must think about are:
- What price range should I be looking at?
- When should I seek for car finance?
- What are my finance options?
What price range should I be looking at?
Before you even think about what car you want to buy, you must see how much you can afford. Take into consideration your weekly expenses remember although you will potentially have a car to make you way around you must always have enough money to repair, service and stock up on fuel. Another question you must ask yourself is whether you will you be financing the entire amount or putting forward a deposit? To get a better idea of how much your repayments may be use our Car Loan Calculator to see what your budget looks like.
When should I seek for car finance?
Once you know your budget, the next step is to organize your car finance. In some cases you may need a guarantor or your partner to go on the loan as a co-borrower, this occurs in cases when you don’t have enough capacity to fund the loan alone. Aim to get an Approval first, this way you know your finance is ready and all you need to do is find the right car.
What are my finance options?
You have two options a personal or car loan. Keep in mind that personal loans are very difficult to get these days financiers are very strict on their terms and conditions. A car loan is what you need and is easier to arrange. With loan terms of up to 5 years you won’t even notice that you are repaying your car, keep in mind the more you pay the earlier you will own your car. In addition, you may make larger or additional payments throughout your loan term if you wish.
Technorati Tags: Buying a car, first car buyers guide
