Tips & Guides
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Tips & Guides

Five Steps To Follow If You Can’t Pay Your Car Loan

June 03, 2022

Whether it’s due to the rising cost of living, or perhaps a major life change such as divorce or job loss, you may find yourself in a position where you are no longer able to afford your car loan repayments. So, what should you do?

Most importantly, don’t bury your head in the sand. It’s unlikely your financial situation will improve as you ignore it. Additionally, if you are failing to pay loan and other credit repayments on time, not … Read more

Is Community Carpooling Right For You?

May 06, 2022

Also known as smart travelling, community carpooling allows people to share a ride with others, which in turn allows them to cut down on travel costs, ease congestion during peak travel times, and help the environment.

Wondering if community carpooling is right for you? Here’s what you need to know.

What is Community Carpooling?

When you carpool, you essentially share a ride with others travelling in the same direction – or to the same destination – as you.

Carpooling may … Read more

How To Save On Your Car Loan As Car Prices Rise

April 29, 2022

Over the past two years, used car prices have surged, with some categories seeing increases of as much as 37%. So, what do you do if you still really need to buy a car, but also want to save money?

While negotiating on the price of the car provides an obvious way to keep your outgoings as low as possible, it’s also worth considering how you could save on your car loan before you buy.

In this post, we’ll look … Read more

Higher Car Prices Cause Loan Terms To Spiral

April 06, 2022

As crazy as it sounds, used car prices in Australia increased by as much as 37% between February 2020 and the end of 2021.

Let’s stop and take that in for a moment.

Thirty-seven per cent.

Say you bought a used car for $30,000 at the start of 2020. If you wanted to pick up a car of the same calibre today, you could expect to pay $10,100 more for it, shelling out as much as $41,100 for the privilege.… Read more

Guide to Purchasing a Caravan

March 14, 2022

A caravan is a great way to spend your holiday. You get to go out in nature and get away from the noise of big cities and bring a lot of comforts with you. However, while caravan holidays are a lot of fun, buying the caravan itself is a very large commitment, and it shouldn’t be taken lightly.

If you’re not sure whether or not “caravanning” is actually for you, then we’d suggest just renting one out for a weekend … Read more

Can You Save On Your Car Loan By Going Green?

February 28, 2022

Green car sales are on the rise here in Australia, with new data revealing sales of plug-in electric vehicles almost tripled in the past year, rising from 6,900 in 2020 to 20,665 in 2021.

According to the Electric Vehicle Council (EVC), EVs now account for 1.95% market share of new vehicles, up from 0.78% in 2020.

So, which EVs are Aussie buyers snapping up? According to EVC sales figures, the top 10 battery and plug-in hybrid EV sales in 2021 … Read more

New Year, New Car Loan?

January 31, 2022

Striding confidently into 2022, you may be considering changes you’d like to make to ensure this year is better than the last – which, given the general vibe of 2021, shouldn’t be that hard.

So then, let’s talk car loans and how you can change yours for the better.

If you have a car loan currently, you may be able to get a better deal by refinancing. In this post, we’ll look at what it means to refinance a car … Read more

Can You Sell A Car Under Finance?

July 05, 2021

While it can be somewhat tricky to sell a car that’s under finance, it is possible. What makes it so tricky exactly? The fact that the car is under finance means it does not fully belong to you. It belongs to the lender, which means you will need to pay out the loan – alongside any fees the lender chooses to apply – before you can sell it on.

In this post, we’ll get into everything you need to know … Read more

Buying A Used Car? Expect To Pay Top Dollar

December 21, 2020

Back in April, when this pandemic was new and we all faced an unknown period of lockdown, potential financial instability and uncertainty over what would happen next, new car sales across Australia plummeted 48.5%. With this – the biggest decline recorded in almost 30 years of tracking – Australians spent at least $1 billion less on new cars than they did during April the previous year.

But, as the situation evolved, so did demand within the industry. Fears of the … Read more

Should You Apply For A Car Loan Or A Car Lease?

December 03, 2020

So, you’re thinking about buying a car. You don’t have funds to pay for it upfront, which means you will have to apply for a car loan. But are there any other options?

A car lease could provide an alternative to a car loan, but just like a car loan, it comes with various pros and cons. In this post, we’ll look at the different types of car leases and how they work, to then compare car leases and car … Read more

Should You Ever Consider Buying A Car With A Credit Card?

October 12, 2020

If you have a credit card, you’re probably pretty comfortable using it on the small stuff, such as the weekly grocery shop and some online retail therapy after the kids are in bed. But what about larger purchases? How would you feel about using your credit card to pay for something big, like a car?

In this post, we’ll cover the ins and outs of buying a car with a credit card, including when it will and won’t work, and … Read more

How To Improve Your Chances Of Being Approved For A Car Loan

August 18, 2020

Thinking about applying for a car loan, but unsure whether you’ll be approved? If you’re new to credit, or you’ve not had a good relationship with credit in the past, it can be nerve-wracking applying for a new loan. So, what can you do to improve your chances of being approved?

Check Your Credit Report

Before you apply for any type of credit, whether that’s a car loan, a credit card, or a home loan, you should always check your … Read more

What Is A Car Loan Comparison Rate?

July 27, 2020

As you compare car loans, you’ll notice that there are two rates attached to each loan, namely the advertised rate and the comparison rate. While both of these rates are important, the comparison rate will likely be of most use to you as you start your search for the best car loan, as it will allow you to quickly compare options side-by-side, to narrow the field to a more manageable selection.

So then, what’s the difference between the two rates? … Read more

How Much Should I Borrow On My Car Loan?

March 12, 2020

You’ve been looking at cars, wondering just how much you can afford to spend. You know you want to use a car loan to buy the car, but you’re not sure how much you can afford to borrow. So, what should you do?

In this post, we’re going to discuss the various factors that will affect the cost of your car loan and its affordability, to then look at how you can choose a car loan that will best suit … Read more

How to Find the Best Car Loan in Australia

October 30, 2019

It’s exciting to buy a new car, particularly when it’s your dream car. But finding the best price is just half the battle; you need to find the best car loan to finance the purchase.

Whether it’s a secured or an unsecured loan, you’ll need to sift through plenty of options to find the best rate. Secured car loans tend to have rates of 5% to 10% p.a., and your car is used to guarantee the loan. Unsecured loans have … Read more