Finding the best car loan can be a challenge.  Since the GFC (Global Financial Crisis), there is a shrinking pool of car financiers available.  So what does this mean to the consumer?

It means more than ever, it is important to do your research on the best way to finance your shiny new car, before leaping into a commitment.

Car Dealerships only offer one financier – that is, one size is suppose to fit all.  How do you know this is the best deal you can get?  Particularly when they have sold you on the car, pushing you into ‘instant’ or ‘easy’ finance, may seem convenient and get you into the car sooner.  However, be aware of the high price tag.

Now more than ever, it is important to have your finance lined up before you set foot in the car yard.  By obtaining pre-approval on your car loan, you are in a better position to talk price on the car.  And if they don’t budge on price, walk out the door.  Competition is fierce and dealers want to move stock, particularly when it comes closer to the end of each month.  Or alternatively, look at a private sale car.  There is no ‘middle man’ mark up and as long as you know what you are looking for, you can save yourself hundreds even thousands.

There are still plenty of competitive car loans on offer.  It’s a matter of knowing where to find them. Since the changes in National Credit Licensing of Finance Brokers, a lot of ‘rogue’ brokers have left the market.

The ones that remain have access to an excellent range of loan products which the normal consumer would be unable to access.  Natloans is one of these who for the last 10 years have been putting their clients into great car loan products no matter what your profile is. It’s worth while giving them a call to discuss options are available with an experienced consultant on 1300628562 or visit www.natloans.com.au.

Technorati Tags: car dealerships, car finance options, new and used car loans, pre-approval car loans

What is comprehensive Car Insurance?

Comprehensive Car Insurance covers you incase of an unexpected accident! Not only if you have damaged yours or another car but also in the event of a fire, flood or theft. Although you can live without insurance, you never know what can unexpectedly happen to you on the road. You are better off being on the safe side, otherwise you will be seeking for large sums of money and you may not be able to afford it at the time.

The factors that will impact the rate of your insurance:

-        If you are under the age of 25 and/or are still on your p-plates expect to have a higher premium than what an individual with years of experience would. Age is a big factor that will influence your premium young individuals have a higher risk of being in an accident, due to being still new to the road and are easily distracted.

-        Gender, it is made known that females tend to be better drivers. Males tend to drive inappropriately at times increasing the chance of being in an accident.

-        The area that you live in is also looked at. If you are in a rural area you will get a lower rate than if you were to live in the city.

-        A safe driving record for at least 3 years will increase your chances of a lower rate, the moment you are in an accident the rate will increase. If it wasn’t your fault this will be taken into consideration and may not affect your rate.

-        The type of car you wish to buy and whether it has extra features.

What fee’s do I need to know about?

Insurance can be paid either monthly in small sums or in one large sum once a year. If you are in an accident you will need to pay excess. What is excess? Instead of paying for all the damage of your car you will pay a set amount of excess that will cover all the damage. Your insurance company will cover the rest and you won’t have to worry about anything. Depending on the deal negotiated you may even have a temporary car whilst your car is being repaired.

Technorati Tags: car insurance, car insurance rates, comprehensive car insurance