It’s the end of the financial year and with car dealerships in mega sales mode it can be a great time to snap up a new car bargain. But before you step foot onto the car lot, it’s important to spend some time wising up on dealer finance tactics. Mozo asked car finance expert Rob Chaloner of stratton to highlight some of the most frequent car finance mistakes and how you can avoid them, here’s his advice:
Whether you’re looking for a family car, something to zip around the city or you need a ute for your next adventure, Mitsubishi has a lot of options on offer. And when it comes to financing the vehicle you fancy, there’s plenty of choice there too. It’s all about finding the right loan option for you. Let’s start with the three main options:
So you’ve decided to buy a Toyota. Oh what a feeling! For years after the first Land Cruiser arrived in Australia in 1958, Toyota has been a popular choice for many drivers. From a reliable Yaris, to a hybrid Prius, to a heavy duty Hilux, there are plenty of options out there. But what choice do you have when it comes to financing your new vehicle? Read on and find out…
Vehicle finance, or car finance, refers to money you borrow in order to purchase a car. Whether you choose to take out a car loan from a bank or from the car dealership, you’ll have to pay what was lent to you over a certain period of time with the addition of interest.
So you’ve decided to buy your first car. Hello freedom! But there are a few costs to know about first:
There is no doubt about it, cars can be expensive. But for many Aussies access to a car is essential, so the thought of not being able to pay off a car loan can be pretty stressful.
Did you know that there’s such a thing as ‘dealer delivery’? Are you aware that ‘on-road’ costs are sometimes added as a cost on top of what you pay for your car? Among other things, these are just some of the costs you need to be aware of when buying your next car.
You’re buying a car? Well break out the champers! Ok, maybe not yet, because we have a lot of work to do yet. You’re going to have to have a little think about how you’re going to finance your new set of wheels and for how long. It’s all about budget and wishlist. If you can make a compromise somewhere in between then you’ll be cracking out the bubbly in no time. Let’s have a closer look at your options:
So you’re getting a car loan for a new car. This is exciting!
Who doesn't love pre-loved? When it comes to cars, opting for a used vehicle often means you're likely looking at a lower price with the added bonus of a little bit of character.
When considering purchasing a car, the matter of what you can afford is a huge question. First off, you need to determine whether or not you plan to buy the car outright. And if you plan to get a loan, how much money you are willing to sacrifice towards repayments.
If you can’t afford to upgrade or trade in, repairing your car for any major dings or mechanical problems may be the way to go. But this can come with quite a price tag... So what's an option? A car repair loan!
So you're thinking of selling your car. Whether you're upgrading, giving yourself a little cash injection or just feel like going car-free, if your current vehicle has an outstanding loan, there are a few things you need to know.
Buying a car, whether new or second hand is an exciting time.
When buying a car, where do you start? Will your decision be based on the shape, the brand or how many passengers it can carry?
Cars are a necessary part of everyday life that let you get to work, the shops or weekend destinations conveniently. But they can also be expensive and sometimes shelling out a large lump of cash up front isn’t a viable option. That’s where car loans come into play. A car loan can help you get the finance you need, for the car you want.
How exciting! You’re about to apply for a car loan, and get yourself a new set of wheels.
Whether you’re about to apply for a car loan or still just thinking about it, it’s a good thing you’re here.
A car loan could be your saviour when it comes to turning your auto dreams into reality. Whether you choose to take out a car loan from a bank, credit union, peer to peer or online lender there are many terms and phrases or fees and features you may not be aware of.
Get pole position on the auto loan latest with high-speed updates and streetwise commentary.
Over the pandemic used car prices have skyrocketed across Australia. So what does that mean for 2022? According to new data from Allianz, 85% of Australians are looking to the used car market to save money because they can’t afford a new car. However, as per prices right now, the second hand vehicle market could be a hard egg to crack as well. In fact, analysis from vehicle comparison site Carsguide found that used car prices across websites like Gumtree, CarsGuide and Autotrader have gone up significantly over the past year. In December of last year, it found that:
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In the last two years there has been a global microchip scarcity that has affected the car industry. It has led to a supply shortage of new cars and rising prices of used cars.
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If there’s one thing that we’re sure you’ve probably noticed lately, it’s that petrol prices are not dropping. In fact, fresh stats from the Australian Competition & Consumer Commission (ACCC) show that at the end of October 2021, daily petrol prices increased by 172.4 cents per litre (cpl), on a seven-day rolling average basis. The numbers took into account fuel prices from major cities Sydney, Melbourne, Brisbane, Adelaide and Perth. And according to the ACCC, these are the highest prices in seven years (in inflation adjusted terms). The report also showed that drivers across the five major cities paid approximately 48.0 cpl more in November 2021 than they did the same time in 2020.
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Are you a Canberran with an electric vehicle on your Christmas or 2022 list? We’ve got news for you … This month, the ACT Government introduced the Sustainable Household Scheme to residents of the nation’s capital as part of its commitment to net zero emissions by 2045. Under the scheme, the government is offering interest-free loans between $2,000 and $15,000 to eligible homeowners to fund the cost of energy efficient products, including EVs. The loans can be paid back over a period of up to 10 years and there are also no upfront or ongoing fees attached to it. “As the impacts of climate change become increasingly evident, it is essential that governments work with the community to not only take meaningful action to limit our contributions to global warming, but to do so in a way that improves our quality of life,” said chief minister, minister for climate action, Andrew Barr in the Sustainable Household Scheme Guidelines for participants. “I am pleased to announce the introduction of the Sustainable Household Scheme (Scheme), to support Canberrans to reduce their energy use and costs and live more comfortably. This in turn will contribute to the ACT’s transition to net zero emissions by 2045. “The Scheme will provide $150 million in zero interest loans over five years to eligible households, individuals and not-for-profit community organisations, and be delivered through a contracted loans provider.” Partnering with home improvement loan provider Brighte, the ACT Government is set to offer the scheme up until 2026 (unless it’s extended). Apart from the scheme and loans, Brighte also offers a specialised interest-free Buy Now Pay Later service for home improvement purchases (including green ones) up to $30,000 and snapped up a 2021 Mozo Experts Choice Award for best specialised service.
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