When obtaining car finance, particularly for the first time, it can be quite daunting. There are a number of finance products available out there from a wide range of financiers. Each financier sets their own rate and fees, so it can be difficult to calculate the true interest rate you are paying. The best way to compare car finance products is by looking at the monthly repayments. However, this is not a foolproof way in determining you are obtaining the best car finance product. You may have locked into a car finance package with high fees or penalties for paying out your finance early.

By using a car finance specialist they will source a finance package tailored to suit your needs, circumstances and budget. As a car finance specialist is constantly kept up to date with each financier’s special offers and promotions they are in the best position to provide you with the best car finance solution. Help will be on hand if you require assistance throughout your car buying process. Don’t make your car purchase a headache – invest in the services of a car finance specialist!

All your financing needs can now be found online. Whether you require finance for a boat, car, home or equipment, an online finance broker will be able to assist you. An online finance broker has access to over 30 lenders, some with exclusive agency, to be at the forefront of the finance industry. They aim to seek a finance solution tailored to suit your circumstances, needs and budget. As a finance broker works solely for you, they will provide you with the best finance product available. They are not limited to finance products only offered by their place of employment, such as a bank or car dealership.

By applying for your finance online you will save valuable time and money. As quotes and applications can be done online you can arrange your finance at a time that is convenient to you. You will save money as you will be provided with a large range of finance products thus being assured of receiving the best finance deal around. 

The recent storm in Melbourne caused chaos within the car dealership industry. As massive hailstones came down so did the prices of the cars. Many dealerships were uninsured for hail damage and as a result have had to slash the prices of their cars to remove their damaged stock. Car dealerships all over Metropolitan Melbourne are having a “hail sale”. Dealerships want to remove their damaged stock this weekend and are willing to negotiate heavily on all new and used damaged stock.

If you are looking for a bargain on a car then this weekend is the best weekend to negotiate a price for you. Some cars are only slightly damaged so it is worthwhile looking at what the dealerships have to offer.

By salary packaging your vehicle you will be able to make your lease repayments from your pre-tax income. This is done by way of a novated lease. A novated lease is an agreement between yourself, the financier and your employer. Your employer makes finance repayments on your behalf from your pre-tax income. This is now a commonly used method of financing a vehicle.

As you can save thousands of dollars each year by using this method it is an attractive way to finance. You also have the option to take out a fully maintained novated lease whereby the running costs of the vehicle are also deducted from your pre-tax income. Running costs of a vehicle include fuel, servicing, registration and insurance. You may also wish to salary package your partner’s vehicle to take further advantage of tax savings.

By taking out a novated lease you are not only restricted to using your vehicle whilst in employment with your current employer. Should you cease working for your employer your novated lease can be carried over to your next place of employment. Employers are happy to offer this method of financing to their staff as they do not carry any risk. Employers no longer need to offer company vehicles to their staff and carry depreciating assets on their books. Employees can purchase the car that they wish, rather than adhere to strict company policies.

To find out more about salary packaging speak to a Madison Finance representative today on 1300 887 967.

When buying a new or used car you will usually require finance. Car finance does not need to be obtained from your dealership or bank. There are many alternate financing arrangements available. By accessing a car finance broker you will be giving yourself the best opportunity to be provided with the best possible car finance solution. A car finance broker will be able to offer a variety of car finance products from a wide range of financiers.

By having access to so many products your finance broker will be able to tailor a finance package to suit your needs, circumstances and budget. You will have the flexibility to find a term that suits you by altering the length of the loan and the residual amount. Products available include chattel mortgage, personal lease and commercial hire purchase. Alternatively, you may wish to arrange a novated lease whereby your finance payments are deducted from your pre-tax income. Whatever your financing requirements, Madison Finance will have a finance solution for you.