When looking for car finance it is quite common to ask what the interest rate is. Comparing car finance by the interest rate would appear to be a good indication as to whether you are being provided with the best possible car finance. However, many factors come into play when comparing car finance quotes. The best place to start is by comparing the monthly repayments and therefore you will be aware of your monthly commitment over the term of the loan.

When comparing car finance you must also look into the terms of the loan. Are there any penalty fees or exit fees for paying the loan out early? Is there an application fee? Will there be any monthly accounting fees? Have all comparative quotes been provided to you with the same amount financed, term and residual? It is very important to take all these factors into consideration when determining which car finance product is of best value to you.

As finding the right car finance product to suit your needs, circumstances and budget can be overwhelming it is wise to use the services of a finance broker. A car finance specialist will be aware of all the car finance products in the market. With access to over 30 lenders, a car finance broker will no doubt have a car finance product to suit you. As the lenders are constantly varying their products and providing special monthly offers, your car finance broker will be up to date with which car finance products are best suited to your circumstances. Same valuable time and money by utilising the services of a car finance broker today!

Finance can be sought for a variety of appreciating and depreciating assets. Cars, homes, boats, caravans, equipment and so on, can be financed in a number of different ways. Not only are a wide range of different finance products available but the terms can also be varied.

For a home loan you may wish to take out an interest only or a principal and interest loan. You also have the option to take out a fixed or variable rate. For assets such as vehicles and equipment you may wish to take out a personal loan, personal lease, novated lease, chattel mortgage or commercial hire purchase. Each of these products can be varied to suit your circumstances. You may wish to alter the length of the term, residual and amount financed.

The Reserve Bank increased its cash rate by a quarter of a percent this month as a result of an improving economy. The cash rate was at a record 3 percent for 5 months. Even though the increase comes as a surprise to most economists it was expected that interest rates would have increased next month anyway. We may now see another increase prior to the end of the calendar year. The cash rate of 3 percent is considered an emergency cash rate and 5 percent neutral. If the economy continues to improve it is likely that the RBA will continue to increase the cash rate in small increments.

If the economy continues to strengthen with unemployment stabilising and then reducing, interest rates will continue to increase, but a cash rate of 6 percent would take years to come into effect. The RBA has repeatedly announced that its 3 percent cash rate was only intended to be used as an emergency rate to avoid a recession. The RBA is confident that the worst is over and growth and inflation should now be on target. Another factor in increasing the cash rate is due to the increase in housing prices and the effect it is having on homeowners taking on a record amount of debt.

If you are looking for a car that has plenty of legroom and boot space then the Skoda Superb could be the answer for you. It is not a well known brand due to the limited dealerships but it should be well considered. As the Fairlane has now been discontinued there is limited choice in the limousine market.

The Skoda Superb is made by the Czech Republic who have experience with the Volkswagen Group. The first thing you will notice with the Superb is the vast interior space. There is plenty of legroom in the rear for adults and a huge bootspace which has a two way opening mechanism. The boot can be opened as a sedan or alternatively there is a large opening for it to be used as a hatch.

The Superb is well priced starting at $42,990. There is a lot of bang for your buck with plenty of features including curtain and driver’s knee airbag, electronic stability control, ABS, EBD and traction control. The interior trim is of a premium standard with wood grain and leather finish available in some models.

To arrange a novated lease you will need to get in contact with a novated lease specialist. A novated lease specialist can easily be found online. By using an online novated lease specialist you will have access to a novated lease calculator whereby you can calculate your repayments on a weekly, fortnightly or monthly basis.

Your novated lease specialist will be able to source your new or used vehicle, which is to be salary packaged, for you. Alternatively, you may wish to use your existing vehicle or purchase elsewhere. All correspondence between yourself, the financier and your employer will be arranged for by your specialist in an expedient manner.

To find out more about a novated lease or to arrange a non-obligation free quote contact a Madison Finance representative today on 1300 887 967.