Getting finance has become an increasing need these days and it makes it all the more harder if you are unemployed.

Most financiers will only consider you as an applicant if you are currently employed. You need to show evidence that you are committed in paying off your debts and can afford it on a regular basis. Financiers want to feel comfortable that they will receive their money back on time and in full. Another factor you should keep in mind is that lenders automatically allocate a part of your wage towards your children if they are under the age of 16. If there is no excess money left, you will be left with no capacity therefore unable to cater for a new loan.

Other factors that are taken into account are:

-          Your living circumstances: That is, if you are renting, own a house, mortgage or boarding.

-          Previous loan history: All payments are paid on time without any defaults.

-          Credit History: Financiers will check your credit history for defaults, bankruptcies and if you have made yourself a busy credit file. If you have done more than 5 applications within the year, this may destroy your chances of getting financed.

If you are after a small amount i.e. $500 you may want to consider a pay day loan. However, if you are wanting $5000 or more you should consider working at least part-time to show that you will be able to repay your new loan.

If you are a pensioner or receive government funds it is advisable that you speak to a consultant before you start applying anywhere.  There may be another way around, for instance: having a co-borrower or taking out a joint application, however these circumstances are quite rare when unemployed.

If you wish to have a chat about your options, don’t hesitate to contact us and one of our staff would be more than happy to assist. You can find us at www.natloans.com.au or give us a call on 1300 955 791.

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When in comes to finding the right car it can often be quite difficult due to the huge range of cars in the market. There are all sorts of designs, colors and varying features. Although they are all used for the same purpose the extent of luxury varies significantly depending on the make/model.

If you know nothing about car shopping you have a few things to learn! Finding yourself the perfect car can be done online, by a dealership or even in the local trading post. The first place to start is at the car yard, allowing you to choose a car that you like and is between your budget. Once you have chosen a few cars of interest your investigation begins in order to narrow your search down.

Websites such as www.carsales.com.au offer a wide range of new and used cars, allowing you to search according to the make, model and even location in which the car is currently in.  This is the most popular way of finding a car, checking online daily to see if the right car is on the market.  If and when you find the car, call the owner to pop by for a test drive! Remember to ask:

• Whether the car has been completely paid off?

• When the registration is due?

• If the car has been in any major accidents?

If the car has traveled a significant amount of kilometers you may be able to negotiate with the owner to drop the price even further. Look for any flaws of the vehicle, even if it is a scratch here and there to drop the price to a satisfactory one!

If you aren’t up with technology the trading post is a great way to find your car! Although you may not be able to see a visual at all times, if you know what you want it should be fine due to you will be taking it on a test drive before you make the purchase.

Knowing what you want to buy will allow you to find the best deal available and narrow down your search quickly. Reading up on reviews will also guide you in the right direction. For more information on what deals are available on new and used cars contact Natloans on 1300 955 791 or visit the website www.natloans.com.au

Technorati Tags: Buying a car, car finance, tips to buying a car

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 car that is better for the environment.

In Australia, 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: Buying a car, car finance, pre-approval car loans, tips to buying a car

Are you thinking of buying a new car? Before you sign any contracts or pay one dollar you should consider various points. You want to be buying a car that is within your budget and most importantly suits your needs.

What should you keep in mind when shopping for a from a car dealer?

1. Remember to do your homework, read reviews, speak to your mechanic and any friends that have the same car. They will give you an honest opinion.
2. Decide on a budget and seek for a pre-approval before you even think about finding a car, you want to know that the finance is there when you find the perfect package.
3. If your buying from a dealer does not get persuaded by their discounts in purchasing another vehicle you know nothing about!
4. Pay a professional to inspect your car if it’s not brand new! Various companies offer this service, specifically for the pre-purchase of your car. An engine test and a road test is taken out and you receive a detailed report in order to guide you in making your decision.
5. Do not pay a deposit unless you are certain the car is in excellent condition.

How about private sales?

1. Check that the car is paid off! The only service “Register of Encumbered Vehicles” will provide you with a certificate that there is no money owing on the car.
2. Have your car examined by your local mechanic; you don’t want your purchase to be faulty!
3. Be sure that the owner is who they claim they are, in case it is a stolen vehicle.
4. Negotiate a fair price with the owner.
5. Take the care on a test drive!

Take the time to examine your car thoroughly, taking on necessary tests and measures so that you can be satisfied with your purchase. You don’t want to be buying someone else’s problems and having to pay another that much to fix mechanical problems!

Technorati Tags: Buying a car, car buying tips, car finance, tips to buying a car