The post Extending the life of your new car appeared first on Just Cars Finance.
]]>Service your motor vehicle in accordance with the manufacturer’s recommended maintenance schedule. The schedule will vary from car to car, but a service is usually required every 10,000 kilometres or every 6 months, whichever comes first. Check your log book for the recommended schedule. Regular servicing will identify problems sooner so they can be addressed before they turn into more expensive repairs.
A car that is maintained properly will operate efficiently, minimising wear and tear on mechanical and engine parts, thus prolonging the life of the vehicle.
If you buy a new car with a warranty, check the warranty conditions for maintenance requirements. It may invalidate your warranty if you don’t follow these requirements. With car insurance policies it is often a condition that policy holders keep their car in roadworthy condition or insurance claims may be affected.
Check the condition and pressure of your vehicle’s tyres on a regular basis to ensure they are properly inflated according to the manufacturer’s recommendations; these are usually found in the car’s user manual.
It is best to check the tyres when they are cold to get a more accurate reading, as their pressure can increase when hot.
Most tyre problems occur due to under-inflation, which can cause rapid shoulder abrasion, uneven wear, and extra flexing of the sidewalls. These can lead to an increase in fuel consumption, emissions and tyre replacement frequency.
Over-inflation can lead to impact damage or a loss of grip on surfaces, which can result in premature tyre failure.
Bald, punctured or otherwise damaged tyres can also present a safety hazard and compromise the road worthiness of your vehicle, potentially impacting your car insurance cover.
Check your service centre is rotating your tyres according to schedule. This evens out the wear and tear, which will increase the useful life of your tires.
Wash your vehicle on a regular basis, and give it a good polish and wax to protect its finish.Clean parts and surfaces help reduce the onset of rust and corrosion.
Remove any insects, bird droppings, road tar, or particles such as dirt, sand or grime from your motor vehicle as soon as possible, to reduce any damage to the finish of your car. Many of these items contain acids and other contaminants that can cause permanent damage if left on the paintwork for extended periods.
Wherever possible, park your vehicle under cover or in shady areas to reduce its exposure to sunlight. High levels of exposure to heat and UV rays will lead to a quicker deterioration in the paintwork.
Keeping your car regularly maintained may involve time and money, but it’s an investment that will see your car perform better and operate more efficiently and likely minimise your costs relating to fuel, repairs and possible accidents in the long run.
A well-maintained car will also maximise its resale value when it comes time to upgrade, so your investment in maintenance may see a positive return.
The post Extending the life of your new car appeared first on Just Cars Finance.
]]>The post Women Buying Cars appeared first on Just Cars Finance.
]]>In fact, the treatment of women by the motor vehicle industry has been the focus of a number of studies. The fact that women, have to be the subject of a “study” on buying new or used cars is a sad reflection of the motor vehicle industry as a whole, when women buy nearly 50% of all new cars sold in the marketplace. Despite the fact that the earning potential of women and the decision making power women have both independently and inside the family, women are still not receiving the same standard as men.
If you ask a random sampling of women how they feel about car shopping, most would rank it right up there with root canal. Many women say that the dealers “take advantage” of them or do not treat them with respect. Others are uncomfortable with the high-pressure negotiating process.
Research shows that women pay $500 – $1,000 more for cars than men. In fact, women pay 46% more for goods and services in general than men. Think about it. We pay more for hair cuts. We pay more for clothes. We pay more for dry cleaning and we pay more for CARS !! Why ?? Because we allow it. We DON’T ASK for a better deal.
And yet, “Male or Female, if you walk into a dealership without knowing what you want, or what it costs, you will end up paying for a deal and a car that suits the dealer rather than YOU. You will be relegated to ‘wood-duck’ status – a term used to describe car buyers who basically are walked down the garden path due to their own ignorance.
Reality is that, just as there are many men who know very little about cars, so to are there women who know considerably more. Cars like football, power tools and barbecuing are regarded as secret men’s business, but most men are in reality as uniformed about cars and how to buy them , as women. They just won’t admit it.
Here at Just Cars Finance we understand the disadvantages that women face when buying a new car and obtaining finance for their new purchase.
We just don’t tell you we are female friendly, we have a genuine understanding of what happens to women when buying new cars, arranging finance or insurance.
We do not want you to pay more and receive less and we do not want you hijacked by car dealers or gouged on finance and insurance. We want you to have a great experience, be treated like an adult and without having a target on your forehead.
The post Women Buying Cars appeared first on Just Cars Finance.
]]>The post 3% Discount Car Finance… …Fact or Fiction? appeared first on Just Cars Finance.
]]>Wow you think – that’s less than half the rate of the average home loan…..How can they offer that on a new car?
Thing is they can’t – well they can’t unless they have something to offset the loss. Interest rates are always based on rate for risk and cars are risky items to finance. They depreciate rapidly, are prone to accidents and theft and so, in the worst case scenario, finance companies can struggle to recover their money in the event of a repossession. That’s why true car finance rates will always be more than home loan rates (after all homes generally appreciate in value and don’t usually go missing!). So where do they make up this loss? The car purchase price of course – you’ll be forced to pay top dollar if you want that rate!
Timing is Everything…..
And when do they offer these great rates on car finance???? Think about it??? Would it be around Christmas time perhaps? And why do you think that is?
Because in a couple of weeks your brand new car is going to be “Last Year’s” model…………. If you had only waited a couple of weeks, instead of paying top dollar and getting a so called great rate and discount car finance. The dealers would actually be giving you a fantastic discount on your new car because they now have last year’s cars on their lot…………..
And what about the other times of the year???? Suddenly your brand new car that you have had barely 3 months has just become the “Old Model” and you paid top whack for it. Yep….you got it. New model coming soon. In fact, so soon, that your new car still has that new car smell. If only you had waited a bit longer, you could have had either your choice of the new model at the same price or the old one with a further discount thrown in.
And that is why rate is not the most important aspect of a deal when you are looking for new car finance. You need to compare “Apples to Apples”
Example: $25,000 car over 5 years at a rate of 3% . Repayment is $448 per month
Same car discounted to $22,000 over 5 years at a rate of 9.5%……Repayment is $458.
Not much difference is there? Discount the new car just a bit more and the standard rate car finance soon becomes the better deal.
That is why you should use a licensed New Car and Finance Broker like Just Cars Finance. With JCF you will not only get a New Car for Less but we will get you the best new car finance available.
Call us Now 1300 142 277 for the best discounts on New Cars and New Car Finance
The post 3% Discount Car Finance… …Fact or Fiction? appeared first on Just Cars Finance.
]]>The post Why you should use a finance broker to provide car finance if you have bad credit appeared first on Just Cars Finance.
]]>In the aftermath of the GFC most finance companies will refuse car finance to someone who has a black mark on their credit file. This could be as minor as a small telco default that you didn’t even know about because it got lost when you moved. Most people don’t even know they have been defaulted until they apply to obtain a car loan or car finance. Consider using a finance broker such as Leaseworks to source your car finance for you. Leaseworks’ consultants are experienced in explaining your history and presenting evidence of your ability to service a new car loan. We know which lenders are most likely to consider your application, and we have experience negotiating rates and conditions.
Before applying for a loan, obtain a copy of your credit report. Study it carefully to ensure the information it contains is correct. Often, important details are omitted such as that you settled a debt, or that the debt was in dispute. If records are incomplete or incorrect, you should apply to the reporting agency to have them corrected or removed before applying for car finance.
If you have current outstanding debts, try to settle them, or enter into a time payment agreement with the creditor. Having outstanding unpaid bills will go heavily against you when applying for any kind of finance. A continual bad history will tell lenders that you are unlikely to repay any loan, and make it very difficult to borrow.
The worst thing you can do is to try to cover up your history with false or misleading information. If you have made mistakes in the past or defaulted because of a marriage breakdown or illness, let us know so that we can put the best case forward to the finance companies. Let us show them that your bad credit history was the result of a one time situation and you are normally a good credit risk.
If you are able to find someone to guarantee your loan, obtaining credit despite a bad history will be much easier for you. If you can demonstrate a history of saving and managing your finances well since a default or judgement will also help. Other factors that influence a financier favourably are a larger deposit, and borrowing to buy a car less than seven years old.
Most importantly, make sure you budget sensibly and you can afford the repayments on your car loan. You can erase a bad credit history over time by making regular payments of agreed amounts, and avoiding taking loans that you are unable to repay on the agreed terms.
The post Why you should use a finance broker to provide car finance if you have bad credit appeared first on Just Cars Finance.
]]>The post Not All Car Loans Get The Best Interest Rates appeared first on Just Cars Finance.
]]>Factors Determining Rates on Car Finance
A low interest rate is often sighted as one of the most important factors used by consumers when comparing loans. However, what consumers don’t understand is that the rate increases with the age of the vehicle, it increases if you decide to purchase a vehicle privately, it can increase again if you rent your home, it can increase yet again if you haven’t been in your job all that long. In the industry it is called “Rate for Risk”, that is the lower the risk the lower the rate, the higher the risk the higher the rate.
What many consumers do not realise is that securing a low rate loan often involves more than simply comparing lender to lender to see who can offer the lowest rate car finance on any chosen vehicle. Often a consumer goes about selecting a loan by firstly finding a vehicle they want and then secondly seeing what finance and on what terms they are able to secure on that vehicle. What many consumers don’t fully understand is that the choice of vehicle plays a very large factor in determining the interest rate.
Choosing the Right Car for the Right Rate
Not all vehicles are viewed the same by finance companies, in fact there is a wide difference in how finance companies view the makes and models. What the finance company looks for is ideally a newer vehicle, even better if the car are still under new car warranty, gives a better chance the vehicle will be maintained in good working order over the life of the loan. If a finance company uses the car as security, they want to be sure that their loan is protected. In the event that you are unable to repay your car loan, they are able to sell the car as a way to recover their money.
Ideally, if you want to secure the very best deal on car finance, which includes the best interest rates and low repayments, then should look for a car that is less than 4 years old and in good mechanical condition.
One way to buy a quality car is to purchase through a licensed car dealership. Some consumers feel that purchasing a vehicle from a dealership costs more, but licensed car dealers not only offer a warranty but often spend a considerable amount on repairing a vehicle and bringing it up to a high standard before sale. You have the added benefit of protection under Dept of Fair Trading through the Motor Dealer Act. As with any purchase, it is important to do your research and find out what is the best deal for you.
For further assistance call us now on 1300 142 277. For your added protection we not only carry an Australian Credit License ACL 390454 , our group also carries a Motor Dealer Consultants License under our Car Buying Division New Cars Australia.
The post Not All Car Loans Get The Best Interest Rates appeared first on Just Cars Finance.
]]>