If you are able to offer some form of security for your personal car loan, avoid using unsecured car loan finance. You will benefit from low interest car finance.

When you lease a car you are really paying a monthly rental amount for use of the car that is actually owned by the finance company and provided back to you for a specified term. At the end of the rental period, you may apply to purchase the car by making an offer to the finance company usually for an amount equal to the residual value of the finance agreement.

It may be possible that your finance consultant can assist you to get the best car loan when all of the information is known in advance. Last minute surprises can make getting your car finance approval more difficult and can affect your chances of success in your application. It pays to be upfront, so you can get an honest assessment of your chance of motor finance approval.

If you are self employed and your financial statements are not up to date or don’t show sufficient income to support your car finance application, consider the low doc car finance products. A number of non-bank lenders offer loans which especially cater for this type of borrower.

Amid growing global demand for Hybrid cars, Toyota has hinted it may start production of hybrid cars here in Australia from as early as 2010. Hybrid cars are becoming increasingly popular among car loan and car finance customers.

The news follows recent comments from Prime Minister Rudd where he has urged Australia’s car manufacturing industry to make a substantial shift towards meeting the growing market demand for more fuel efficient vehicles.

Opposition Leader Brendan Nelson said it was important that every possible measure was taken to ensure Australia continued to have a buoyant car manufacturing industry.

It’s expected that Toyota will finish the current year as the world’s highest volume car manufacturer, overtaking General Motors.

It is anticipated that by 2010 production of Toyota’s hybrid range will grow to over one million units globally.

Demand for hybrid cars continues to rise in the United States, Japan and in developing countries in South-East Asia. Here in Australia, we continue to see growing demand in the car leasing market and those choosing a novated lease for salary packaging.

If you are in the market for new car finance or to arrange a personal car loan, one thing that will help you move quickly is pre-approved car finance from Madison Finance.

It’s a great way to confirm your purchasing power before negotiating the best possible deal on your next car. Car loan pre-approval is quick and easy, so you don’t waste your valuable time.

You can request your car finance quote online or call our car finance specialists for the best car finance deal. We look forward to helping you with your car purchase, the sooner the better.

If you are buying a new car, used car or considering car re-financing your existing car finance or searching for the best car loan, it pays to have your motor finance pre-approval before you go car hunting.

Once you have arranged your car finance pre-approval, you know exactly how much you can afford to spend – and can concentrate all of your energies on finding the right car at the right price.

Great car loan rates – so you never pay more than you need.

Fixed monthly repayments – which make budgeting much easier, as your car loan repayments won’t change over the life of your loan.

Flexible repayment terms – with loan terms from 3 to 5 years you can choose whether you want to repay your car loan sooner or make lower repayments by taking a longer term.

If you would like to discuss your car loan needs or arrange your obligation free car loan quote, please contact our car finance professionals by calling 1300 887 967 or submit your online quote request.

When it comes to buying your new car – there are many car finance options available for you to consider. This summary is designed to assist you with choosing the best car finance and best car loans for your needs.

Car Lease – with a car lease the financier buys equipment on your behalf and rents it back to you. You finance the total purchase price of the car (less the GST input tax credit) and make regular rental instalments for a fixed period of time – usually up to five years.

Novated Lease – provides the opportunity for employers to offer employees the option of leasing a new car or used of their choice as part of their salary package.

The novated lease is in the employee’s name, and the employee has ultimate responsibility for the leased vehicle (even after leaving the employer). Learn more about employer benefits and employee benefits.

Commercial Hire Purchase – a common method to arrange motor vehicle finance, whereby the financier buys the goods and hires them back to you as the customer. With a commercial hire purchase or CHP agreement ownership is automatically transferred to the customer at the end of the car finance agreement.

Chattel Mortgage – the goods are purchased directly from the supplier and the financier registers a mortgage or lien over the goods until the contract is repaid in full, hence the term chattel mortgage. If GST is included in the price, the customer may be eligible to claim the GST back in their next BAS. Apart from mortgage stamp duty, the contract or repayments do not attract GST or stamp duty.

If you would like to discuss your car loan or car leasing needs with one of our finance professionals call 1300 887 967 and start a car finance conversation.