
Taking out a car loan is about to get a whole lot fairer, thanks to ASIC’s latest ban
From today onward, prospective Aussie car owners will receive a fairer deal when it comes to taking out a car loan, thanks to ASIC’s new ban on flex commissions.
From today onward, prospective Aussie car owners will receive a fairer deal when it comes to taking out a car loan, thanks to ASIC’s new ban on flex commissions.
According to a recent survey by ME Bank, we’re a nation who loves a bit of luxury when it comes to our wheels.
From a new pair of shoes to a tall bottle of red, many Aussies may already be preparing their Christmas wishlists. But for others, keys to a new car might be what they’re expecting to see in their stocking.
From busted heating to an ancient stereo system, it’s not uncommon for many Aussies to be at their wits end with their car.
According to Gumtree’s Second Hand Economy Report, we’re a nation of second-hand lovers, as 90% of Aussies have bought something second hand at one stage in their life.
With great power comes great responsibility - and with a great car comes even greater expenses. Contrary to popular belief, filling up petrol isn’t the biggest weekly expense for car owners, and neither is the cost of a car loan - for drivers on a good deal.
Whether it’s time for an upgrade or you’re craving a new set of wheels, the end of financial year (EOFY) may be the perfect time pick up a new car.
Savvy shoppers have been waiting all year for this. Yes, that’s right, with June rapidly approaching so too are the end of financial year sales (EOFYS) that could see Australians snag a bargain on products as diverse as televisions to overseas holidays.
Upon looking into the Mozo database, it appears that a few lenders are trying to direct our attention to the financial blindspot that is car loans.
At the end of April, ANZ will suspend its retail asset loans while it determines whether the rising cost of issuing the loans is worth the minor return the bank receives.