12th April, 2016
You’ve called it. It’s time for a new car.
The wheels that have served you for the last few years just aren’t cutting it anymore. Maybe you’ve got something in mind already or maybe it’s just the idea that has you thinking. Either way, the big catch is that it’s going to take an age to save the cash you need, which means it’s time to get your first car loan.
Getting finance can be a confusing process full of uncertainty for first timers. There’s a number of moving parts to a loan, and you can alter some of these to work in your favour. But what are they and how do you know you’re getting the best deal for you? Everyone has heard of pre-approval, guarantors, secured loans, and all kinds of interest rates but what do they all mean for your bank balance at the end of the day?
Getting the right loan doesn’t need to be complicated, and with a bit of knowledge under your belt you’ll breeze through the process and pick up your new car in no time. Our beginners guide to car finance will walk you through the process and give you the knowledge you need to make the right decision.
1. How much can I borrow?
Use our Car Loan Calculator to obtain an illustrative indication of how much your repayment may be and how much you can comfortably afford to borrow. You can make repayments on your loan on a monthly or fortnightly basis. There are a few variables which will affect the amount of your regular payment but this will give you a rough idea. More information on those variables later. All loans are subject to credit approval criteria.
2. Apply for Pre-Approval
First of all, what actually is Pre-Approval? Pre-approval refers to the lender declaring that you are eligible to borrow a certain amount of, money providing certain criteria are met. When you apply for pre-approval you supply information such as how much you’d like to borrow, your income, your living expenses and any other fixed commitments. Gaining pre-approval for a certain amount of money doesn’t necessarily mean you’ll be able to buy just any car for that amount (more on that later) but it does give you an upper limit to work with. You can apply for pre-approval online here.
3. Choose your car
The fun part! Once you know how much you can borrow, you can really get stuck into your car search. You can use our Car Locator to take the hassle out of finding just the right car for you. Also note, you do not need to sign a vehicle purchase contract before seeking finance approval.
4. Interest rates
The interest rate offered will vary depending on a number of factors. As a general rule, the lower the risk to the lender, the lower the interest rate will be. Some of the factors the lender will consider are the amount borrowed, the type of loan, the age of the vehicle, and the financial situation of the borrower. Due to the number of factors that can alter the interest rate you will be offered, it is very difficult to quote accurately via a website.
5. Secured or unsecured loan
A secured loan is one that is “secured” by an asset of yours. In the case of a car loan, this will usually be the car you are purchasing. Secured loans tend to carry a lower interest rate due to the reduced risk taken by the lender. If you were unable to continue paying off your loan, the lender would re-possess your car to cover their loss. The vast majority of car loans are secured loans. An unsecured loan is one that is not tied to any asset of yours. An unsecured loan will tend to carry a higher interest rate, but it does grant you the freedom to sell your car without breaking your loan contract, more on that later.
6. Loan term
With NuStart Finance you will be able to choose any loan term between 2 and 7 years, subject to credit assessment. Your regular repayments will change as you alter the length of the loan. If you would like a smaller regular payment choose a long term, if you want to pay it off quickly or can afford a higher regular payment, choose a shorter term.
7. Guarantor or Co-borrower
If you are having difficulty gaining finance approval, a guarantor or co-borrower will potentially work in your favour. In this situation, the lender will take the income and financial position of your guarantor or co-borrower into account as well as your own. A guarantor is someone who will take responsibility for your loan should you not be able to continue paying it off. This is usually an immediate family member such as your partner or parents. A co-borrower is someone who you jointly sign a loan with. In this arrangement, the co-borrower and you are equally responsible for repaying the loan. These arrangements minimise the lenders risk and therefor increases your chance of gaining finance approval. Before agreeing to be a guarantor the person must be aware of the responsibility they are taking for your loan.
8. Can I get a loan for a used car?
This is one of the most common questions we’re asked and the answer is yes, you can get a loan for a used car. The conditions of your loan will vary depending on the age and type of car you are purchasing, particularly for a secured loan. As a general rule, you will be able to get a better finance deal on a newer vehicle. An unsecured loan may be a better choice for older vehicles. Keep this in mind when you are selecting your car.
9. Can I pay my loan off early?
If your circumstances change and you are able to pay your loan off faster we won’t stop you. There may be an early termination fee which will be outlined in your credit contract.
10. Can I sell the car before I have paid out my loan?
Yes you can, however there are some conditions. If you have a secured loan against the car this security needs to be lifted. This is done by paying out the amount left on the loan. If you can not do this in one lump sum, we may be able to arrange a new loan to pay the balance of the previous loan, subject to credit assessment. If you have an unsecured loan, you are free to sell your car whenever you like without impacting your loan.
Ready to get started on your way to that new car?
Our Beginners Guide to Car Finance gives you the information you need to make the right choice for you. Use our Car Loan Calculator to find out how much you can borrow, apply for pre-approval, and get your search under way with our Car Locator. If you have any questions or would like to speak to one of our experienced finance consultants, call us on 1300 883 983.
14th December, 2015
Australian lenders and brokers have a legal obligation to ensure the loans provided to their customers are both affordable and suitable, which has a lot to do with why there is both a pre-approval and approval process.
12th December, 2015
There aren’t many things a dealership can’t or won’t do for their customers and the same can be said of the specialist lender who offers a car locator service. The marketplace is so densely populated with the sheer variety of makes and models on offer that it can be difficult to know where to turn.
11th November, 2015
Shopping for the ideal car, whether new or used, is an exhilarating experience that often becomes one of our most important and treasured memories. But as with any big purchase decision, it pays to keep a level head.
9th November, 2015
Anyone who has struggled with poor or bad credit will know the frustrations of going through a loan pre-approval system only to be denied at the very end. It could also be that it’s the first time you’ve applied or that you’re self-employed in a contracting industry.
24th October, 2015
If you’re in the market for a new or used car and are relying on car finance, then you should consider speaking to one of our experienced finance consultants. We may be a little biased, but we believe our consultants will be able to find a finance solution to suit your situation and could also save you money. To prove our case we’ve put together the top 5 ways we could save you money.
1st October, 2015
Time to throttle it out!
The 2015 Sydney Motorcycle Show is a family friendly event that goes for 3 days only in November, so if you are interested or curious about Motorcycles this is an auto show that cannot be missed! Organisers are predicting this event to be a sell out, so grab your tickets now to secure your spot.
What to expect
This year is built up to be big, busy and lots of baarrrrpp! With live motorcycle demonstrations and test rides for adults and children, there is something exciting for everyone. With over 130 exhibitors this year, you can expect to see the largest range of:
- Side by Sides
- Trikes and,
If you’re a motorcycle enthusiast you can see all the latest custom, classic, vintage, performance and cafe bikes bikes displays.
20th to 22nd November 2015
Friday: 10am – 7pm
Saturday: 9am – 6pm
Sunday: 9am – 5pm
12th August, 2015
in Finance Tips
What is guaranteed approval?
In the finance world, the term ‘Guaranteed Approval’ is uncommon. Some lenders may market ‘Guaranteed Approval’ to attract people who’ve had bad credit history or think they won’t qualify with mainstream lenders.
Guaranteed approval is when a loan is automatically approved or ‘Guaranteed’. The reason why guaranteed approval is rarely seen is because lenders are legally obligated to conduct an assessment of the loans suitability and affordability before a lending decision is made.
Worried about finance? Apply for pre-approval instead
We believe that if you have had bad credit in the past, you should speak to one of our experienced loan consultants. We have access to a network of lenders and even a lender that specialises in bad credit assistance.
We do not offer guaranteed approvals, instead we work hard to find you pre-approval on a great finance deal (subject to assessment).
We could help you obtain pre-approval for a:
- Personal Loan
- Car Loan
- Motorbike Loan
- Caravan Loan
- Truck Loan
- Equipment Loan
We look into your financial situation past and present to find ways to get you a great deal on finance. We do all the hard work and negotiating on your behalf to get you pre-approval. By obtaining pre-approval, we can then help you locate a new car and you can expect a repayment structure that fits your budget.
Step 1: Submit your application online
Step 2: We’ll call you & arrange finance
Step 3: You get pre-approved! (subject to assessment)
8th July, 2015
in Car News
10 car colours and what they might say about you:
- White: You are fastidious, enjoy a simple life, have a strong attention to detail and are possibly a perfectionist
- Green: You are trustworthy, traditional and balanced, but can also be lively and occasionally hysterical
- Brown/Beige: You are practical, reliable, down-to-earth and pragmatic.
- Yellow: You are upbeat, intelligent and young at heart
- Grey: You are calm, sober and very career-driven
- Blue: You are confident, quiet and dependable
- Red: You are energetic, dynamic and have a lust for life
- Pink: You are gentle, loving and caring
- Black: You are conservative, empowered, elegant and professional
- Purple: You are creative, unafraid of stepping outside of the norm and happy to be seen as unique
All Information Sourced – Tier10lab
23rd June, 2015
in Car News
Top 7 Motorbikes in Australia 2015
If you’re looking for a new or used Motorbike it’s always best to do your research first. Getting to know what the most popular motorbikes are can save you a lot of time and even money in the long-term when you go to sell.
For the first quarter of the 2015 FCAI Motorcycle sales report we can see the top 7 Australian motorbikes. With a total of 11,066 road motorcycles sold between January to March this year.
2,255 Honda Motorbikes were sold within the first 3 months of this year, making up just over 20% of the total road bike sales. This Japanese motorcycle manufacturer has been number one, not just in Australia, but also the world.
2. Harley Davidson
Harley Davidson came in at a close second with 2,165 sold. With over 100 years’ experience, they have become a reputable motorcycle brand.
Another Japanese motorcycle brand, Kawasaki, came in at third with 1,597 sold. This comes as no surprise as they own over 138 dealerships.
1,475 Yamaha Motorcycles were bought. Yamaha not only have a wide range of motorcycles but they also manufacture recreational products like boats, golf carts and snowmobiles.
Prestige motorcycle brand, BMW, sold 840 during January to March this year.
790 Triumph Motorcycles sold! Although they aren’t in the top 5 in Australia, they are Britain’s number 1 motorcycle manufacturer.
701 Suzuki on-road Motorbikes were bought. Like most of the motorcycle companies, they also have over 100 years’ experience in the automotive industry.
The remaining 1,243 motorbikes came from
- KTM (370)
- Ducati (357)
- Hyosung (121)
- Victory (101)
- Indian (90)
- Moto Guzzi (62)
- Aprilia (55)
- Norton (25)
- Others (24)
- Kymco (20)
- Royal Enfield (9)
- Husqvarna (7)
- Torino (2)
Need motorbike finance? Call a experienced NuStart consultant on 1300 883 983 or Find Out More.
Information sourced: FCAI Report
5th June, 2015
in Finance Tips
During the End of Financial Year Sales most businesses buy big ticket items like equipment, vehicles and office fixtures to save money. With the launch of the new $20,000 tax break, small businesses can also claim depreciation costs straight away; making the EOFYS the best time to buy.
You might need more than 4 wheels to keep your business rolling, so NuStart could help you finance a truck and even locate a great EOFY deal as well.
Truck Loan Features
- Fixed Interest Rate
- Flexible Loan Lengths (1 – 7 years)
- Residual value or balloon payments available for loan terms up to 60 months.
You might need machinery, tools, electronic equipment or office fixtures, so an equipment loan may suit your business.
Equipment Loan Features
- Fixed Interest Rates
- Flexible Loan Lengths (1 – 7 years)
- Scheduled repayments to match your pay cycle
How to Qualify
There are many benefits to what a loan could do for your business. Whether it’s to finance a new or used truck, or to purchase equipment to keep with your businesses demands. See if you qualify by calling 1300 883 983 or visiting our Contact Page. Whether you’re looking for a competitive deal or are concerned about your credit history, we may be able to help!
For more information on truck and equipment finance, please call our experienced brokers on 1300 883 983.
3rd June, 2015
in Car News
Starts Wednesday the 3rd of June until Tue 9th June, 2015.
10:00am to 6:00pm everyday
Brisbane Showgrounds, 600 Gregory Terrace, Bowen Hills, Brisbane, QLD
- Camper Trailers
Plus hundreds of accessories like tents and camping equipment.
You’re entitled to a free train ride when you buy your ticket. More details here.
Accepted Concession cards: Centrelink Aged & Disability Pension Cards, Department of Veteran Affairs White & Gold Cards, Government Seniors Cards Only.
- Campfire Cooking Stage,
- Camping Kids Zone,
- Trixie & Johnno’s Reno Van Challenge
You might also meet celebrities such as Outback Legend Mal Leyland, former AFL star Peter Everitt and V8 Supercar Driver Todd Kelly.
20th May, 2015
in Car News
How to Qualify
If you own a registered business with an ABN that has turned over less than $2million(AUD) then your business qualifies.
Up to $20,000 PER item, with no limit on how many items you buy providing the items you purchase relate to your business.
Items You Can Claim
You could claim any item that is used for running your business like:
- Vehicles (Cars, Vans, Motorbikes, Trucks, Utes)
- Equipment (lawnmowers, machinery, welding equipment, generates, pumps)
- Office items (fridges, coffee machines, printers, air-conditioners, ovens)
- Computer equipment
- Sound & security equipment
Items You Can’t Claim
You cannot claim an item if it isn’t apart of your businesses running costs.
- Computer Software
Small businesses have 2 years to take advantage of the new $20,000 tax break, so it ends on the 30th June, 2017. For more information about the $20,000 tax break, we recommend you seek professional advice from a tax professional
Tax Benefits to Finance a Vehicle
If you own a business and need to purchase a vehicle, but can’t dip into your cash flow, then vehicle finance may be best for you. By financing your vehicle you can make simple repayments and still get the tax benefits for driving vehicle for business purposes.
Over time the vehicle you purchase will depreciate in value, like any other vehicle. So the benefit of having a business car means that you can claim some of the loss.
The mileage rate changes every year but you could claim 50c for every mile that your car is driven for businesses purposes.
If your business is leasing your vehicle, then this payment can be a deduction from your businesses the taxable income.Sometimes this can also include operating costs.
That’s right! If your vehicle is used for business purposes, then you could claim the cost of petrol, servicing/repairs, insurance and even the interest that has accumulated on your vehicle loan.
We recommend for you to speak to your Accountant for specific details regarding tax benefits for your business and to see if you are eligible for the above. If you would like to know more about financing a vehicle for your business call us on 1300 883 983
29th April, 2015
in Car News
We have launched our new TV Car Loan Adverts, just click on each image to view on YouTube. If you’re car isn’t reliable, you’re sick of being the passenger or simply want to upgrade your car to a newer model, NuStart Finance is the place to start. Our Online Car Loan Application takes just minutes and you could have a decision within 1 business day.
Click on each video or visit the NuStart’s YouTube Channel
5th December, 2014
in Finance Tips
If you’re planning a trip to the big smoke, travelling interstate, or just going about your daily commute, the Australian Competition and Consumer Commission (ACCC) wants to let you know when it’s cheapest to buy fuel, thanks to a new price cycle tool.
The tool, available on the ACCC’s website, shows petrol price cycles for Brisbane, Melbourne, Perth, Adelaide and Sydney – with information on whether prices are likely to increase or decrease over the coming days, so motorists can decide whether to hold off or fill-up right away.
(Above: Adelaide petrol prices)
The site notes the varying cycles between capital cities, particularly Perth, were Western Australian laws dictate a more rigid price cycle.
“Price cycles are the result of deliberate pricing policies of petrol retailers, and are not directly related to changes in wholesale costs,” the ACCC says.
“The duration of petrol price cycles in Sydney, Melbourne, Brisbane and Adelaide varies from cycle to cycle, and has increased in recent years. In 2014 to date, the average price cycle duration in these cities has ranged from a low of 13 days to a high of 43 days.”
“The petrol price cycle duration in Perth is 7 days.”
26th November, 2014
in Car News
As if you needed more inspiration to hit the wide open road, we’ve put together our favourite motorbike snapshots from around the world, to give even the most seasoned traveler road trip envy!
There’s nothing quite like taking to a road less traveled on two-wheels, wind on your back, with the freedom to explore the peaks, valleys, alleys and animals that you would never have the chance to experience behind the wheel of a car.
Our top 10 motorbike adventures
All images: Instagram
Motorbike finance Australia
If you would like to experience and see more of Australia, let alone the world, we can help you find the most suitable and best value motorbike loan option for your personal circumstances.
For more information, contact an expert NuStart motorbike finance consultant, or call us on 1300 883 983 today!
26th November, 2014
in Finance Tips
If you’ve ever dreamed of owning your own boat but don’t have the spare funds to take the plunge and buy outright — you’re not alone!
While the idea of spending time on your very own fishing boat, watercraft or jet ski might sound unattainable, boat finance is a realistic and achievable option to help Australians do what they do best, and that’s to get out on the water.
Make this Summer the time you finally become the envy of your mates, with our top 3 boat finance tips to help you get approved.
Research your boat loan options
Early research on boat finance typescan help put you in a better position when negotiating for your boat, as well as settling on the most suitable loan option for your financial circumstances.
The finance benefits can vary, depending on whether you take out a chattel mortgage or a secured personal boat loan. If you feel overwhelmed with options, you can always talk to an expert NuStart Finance boat loan consultant.
Budget using a finance calculator
Calculating your potential weekly repayments can help you determine a realistic and affordable budget for your lifestyle, and, more importantly, help prevent financial difficulty down the track.
Use an Online Finance Calculator to find out what you can realistically afford to borrow, and don’t forget to factor in any other financial commitments, such as phone bills, groceries, petrol and school fees.
Talk to an expert
Not only can a NuStart Finance consultant help clarify any details throughout the boat buying process, they can also take on the responsibility of finding the most suitable boat loan lender and negotiate finance on your behalf. That’s a lot of hours of research and planning saved.
For more information on how to finance the boat of your dreams, contact NuStart Finance on 1300 883 983 today!
This article contains information on car finance tips to help you get boat loan approval.The information provided is intended as a guide only. It should not be treated as financial advice and does not take into account your personal circumstances. If you have any specific questions about individual financial matters or government legislation, you should consult an appropriately qualified professional or government department.
NuStart Finance has endeavoured to ensure all information is accurate at time of publication, but does not guarantee the ongoing accuracy this information.
12th November, 2014
in Finance Tips
If you have ever been responsible for paying the bills or signed up for a mobile phone contract or credit card – believe it or not, you have a credit rating.
You could be forgiven for thinking that a credit rating (also known as a credit score) is just another Americanism that we hear on TV and in movies from time-to-time, when in fact, Australian banks and lenders do use credit ratings to help determine whether to lend you money.
If you have ever applied for the following, you guessed it – you have a credit rating!
- credit cards
- loans, such as a personal or business loan
- a mortgage
- a mobile phone or internet plan
- interest-free store loans
- store cards
- utility accounts with payment terms of at least seven days.
What’s in my credit file?
Your credit rating is part of a larger file contains information such as:
- any overdue debts
- credit enquiries made by you in the last five years
- the number and type of lenders you have approached for credit
- the types of credit you have requested personal contact information, such as your residential address.
Will my credit score impact my chances at finance?
Because your credit file documents your credit history; any outstanding debt could be enough to scare the banks off.
How NuStart Finance can help with bad credit car loans?
If you’re worried that past credit issues could get in the way of your finance needs, chat to the team here at NuStart Finance. Our expert finance consultants are experienced in helping people with less than perfect credit and will work harder to find finance that works for you.
To get the ball rolling, complete our quick online pre-approval form, or call 1300 883 983 today!
Credit information courtesy of Veda.
12th November, 2014
in Finance Tips
If you’re in the market for a new car, you have probably come across some quirky advertising during your research to say the least.
In an effort to gain your attention and get bums on car seats at the dealership – there has been a noticeable increase in the advertisement of 0% interest car loan.
0% car loans – too good to be true?
We’re glad you asked, but we have some bad news. Yes, zero percent car finance exists but it doesn’t exactly benefit the buyer (that’s you!).
If you were to take out car finance at zero percent, you will most likely miss out on any opportunity to negotiate the price of your car. After all, the dealer has to make some profit on the RRP of the vehicle. Sounds a little backwards doesn’t it?
Tips for negotiating zero percent finance
Focus on the long-term cost of paying market rate finance for a car that you have negotiated down to a more comfortable price, rather than the lure of paying 0% interest on a vehicle with a higher RRP.
You might be surprised to learn that you’re more likely to save your hard-earned money in the long-run, if you take out market rate finance on a vehicle that you have successfully negotiated down to a more comfortable price.
Word to the wise
It pays to shop around for a car loan that is catered to your personal circumstances and financial history.
To find out more information about getting great value finance that works for you, talk to one of our friendly, expert NuStart Finance consultants by completing an online finance pre-approval form, or calling 1300 883 983 today!
12th November, 2014
in Car News
Settlement time varies depending on the individual application. In general, a contract will take approximately two hours from the time loan documents have been signed. Your NuStart Broker will contact you as soon as your contract has settled and the money has been transferred into the suppliers account. You would then be free to set up a time to pick up you new car.
Choosing the right loan option can go a long way to improving your chances of car loan approval and help you get your car loan approved sooner.
Our expert finance consultants are experienced in helping people with less than perfect credit and will work harder to find finance that works for you.
To get the ball rolling, complete our Quick Online Pre-approval Form, or call 1300 883 983 today!
6th October, 2014
in Car News
To prevent leaving unhappy after paying too much at the car dealership — take note of these common mistakes to avoid when researching and buying your next car.
Car buying and car loan tips
Buying add-ons that you don’t need
Make sure you research and get to know the features that you want for your car. Knowing what you want will ensure you don’t buy add-ons that you could live without.
Not comparing car makes and models
Try to be open-minded about different models and brands of cars that could suit your business or lifestyle. The more options you consider, the more likely you are to find a car that meets all your requirements, for a better deal.
Settling for what’s in stock at the dealership
It’s easy to get caught up in the excitement, and people tend to become a little impatient when buying a new car.
Did you know that only a small percentage of people wait to have their car ordered through a dealer? That accounts for the majority of people who just settle for what they see at the dealership, even if they are settling for something they don’t really want.
Buying a car is a big deal, so why not wait a few weeks for what you really want in your car, even if it is just a different colour? Patience is a virtue!
Not test driving the car
This is one of the most important steps when picking a new car.
You could discover that the seats are uncomfortable, the car doesn’t drive smoothly or that you can barely move the gears. It only takes a short drive to discover these problems and it is also an opportunity to see how the car drives compared to other models that you might be considering.
Passing on a used car inspection
Don’t take the seller’s word that there are no mechanical defects.
After all, the car is being sold for a reason, so there could be problems with the car that cannot be seen with the naked eye.
Why not get a mechanic to take closer look through the vehicle to make sure it runs well and warrants the sale price. That way, you won’t encounter any problems on your drive home!
Focusing on short-term costs
It is important to focus on the overall cost rather than the month to month price, as it can be easy to lose track of your expenses.
Knowing the total cost of your car can also help you choose the right finance.
Not considering your financing options
If you don’t plan on buying the car with cash — consider your car finance options, or crunch the numbers in an Online Car Loan Calculator.
A chat with a NuStart expert finance consultant is a great place to start.
Contact us to get Fast Online Pre-approval, or call a NuStart Finance consultant on 1300 883 983 to discover your finance options today!
25th August, 2014
in Car News
Australian business owners rely heavily on the performance of their equipment to stay competitive. In most cases, and as technology evolves, that means taking out equipment finance to keep operations up to speed.
If you have applied for an equipment loan through one of the major banks as a contractor, small business, or self-employed – you’ll know how difficult it can be difficult to lodge your application without the extensive financial documents the banks require.
Before you raise a white flag in frustration at all of this hoop-jumping – we have good news! You can get fast equipment finance with a NuStart Low Doc Equipment Loan for your business.
What is low doc equipment finance?
A low doc, or low documentation loan, is equipment finance without the need to provide a long history of paperwork.
If you’re a typical business owner, you’re not alone in failing to meet standard bank criteria. At NuStart Finance, we work closely with our lending partners to negotiate equipment finance based on your unique business needs.
Low doc equipment loans – the benefits
Low doc loans are a fair, flexible option for business owners – especially if you have been knocked back by a major lender in the past.
Because your income streams may be a little more inconsistent than that of a mid-size or large company, your low doc loan is tailored with a customised repayment schedule to fit your business plan.
At NuStart, we aim to take the hard work out of finance for hard-working business owners like yourself.
To chat about your Low Doc Equipment Finance Options with an expert NuStart consultant, contact us on 1300 883 983 today!
11th January, 2013
Applying for a car loan with NuStart Finance online is simple, plus you get a response to your pre-approval application within few minutes.
Once pre-approval is indicated one of our professional and experienced brokers will work with you to present an accurate and positive application to the chosen lender to ensure a fast and efficient car loan approval is obtained on your behalf. You can help this process by providing any requested information in a timely manner. Common criteria for obtaining car finance is the applicant needs to be 18 years of age or older, be in gainful employment with a demonstrable income and or other forms of income such as pensions, have the affordability to service the proposed debt and be a resident or qualify for finance under your current temporary visa. If you meet these criteria then you are almost there.
11th January, 2013
If you’ve had a car loan application rejected by the Banks, then being frustrated is absolutely understandable. There are a number of finance institutions out there who claim to be able to assist people with a bad credit history only to reject your application after an exhaustive review of your situation. If this has happened to you, then you will be very happy to know that there is still hope, and obtaining car finance from a reputable provider is not only possible, it’s also a lot simpler than the hurdles you had to overcome with the Banks.
At NuStart Finance our very professional and efficient team have the experience and knowledge to assess your suitability with a simple online pre-approval; we also know how to help people recover from bad credit situations.
Irrespective of the kind of financial issues you have had or may currently be experiencing, buying a new or a used vehicle need not be beyond your reach. At NuStart Finance we understand your dilemma we can cut through the chase to make sure your car loan application is given priority and get you a prompt and positive result.
In order to make this possible one of our capable brokers will work closely with you to put together a strategy, which will help you obtain the finance you require for the vehicle you want to purchase today.
5th January, 2013
Several factors indicate strong conditions for growth with Car Finance approvals for 2013. Low interest rates, low delinquencies, increased competition amongst lenders, and high replacement demand and more affordability in the new vehicle market all contribute. “Overall, when you look at the industry, we’re seeing continued growth,” said Chris Baker, General Manager and Principal of NuStart Finance. “2013 may not produce the double-digit growth like we’ve experienced in last year – vehicles sales were up 10.3 precent on 2011. So maybe in 2013 its single-digits instead of double digits. It’s still growth,” and NuStart Finance is well positioned to support its customers’ requirements. An improved housing market and improving consumer confidence are all positive factors for the year ahead. “There are more loans being made available to customers with prior credit issues today and we’re not seeing a delinquency factor like we have in the past” There’s no better time to contact NuStart Finance to assess your opportunities.
27th December, 2012
NuStart Finance brokers have an immense pride and take great satisfaction from assisting their clients. After all you can’t just become a NuStart Finance broker without extensive training and displaying a deeper empathetic understanding of client needs. Chris Baker, General Manager and Principal of NuStart Finance explains. “The section process to be considered as a NuStart Finance broker is exhaustive and is weighted on a candidates personal character equally with their commercial acumen and industry exposure. We assist clients who have experienced credit problems, sometimes these problems have been the result of financial neglect or miss management however it is becoming more common place that life events have impaired our clients ability to gain finance approvals through the banks. Hence it is important that our brokers are sensitive to the individual needs and expectations of each and every client”
The NuStart Finance business has a long established reputation for excellence in customer service through its Your Choice Credit roots. “I want my clients to be fully satisfied and know that we truly care about each of their individual cases says General Manager/Principal Chris Baker. So my colleagues and I began a detailed review of the training requirements and competencies needed to leverage the success of Your Choice Credit into the NuStart business. We are constantly challenging ourselves to achieve better outcomes for our clients.
NuStartFinance.com.au is a user friendly website connecting customers in need of car finance to business who can help. The service has been designed with a single specific goal in mind. ‘To provide quality assistance to people with bad credit, assisting them to obtain car finance’.
The NuStart Finance system works because of its ingenious, pre-approval processes, professional brokers and attention to detail employed with each and every applicant.
10th August, 2012
$5,000 Accelerated Depreciation for Small Business
Your small business may qualify for the Federal Government’s accelerated tax deduction of up to $5,000 for vehicle purchases.
For vehicles acquired from the 2012- 2013 income year small businesses can claim up to $5,000 as an immediate deduction for motor vehicles.
The remainder of the motor vehicle value is pooled in the general small business pool (depreciated at 15% in the first year and then 30%).
This reform is closely related to another previously announced measure that allows small businesses to immediately write-off any new business
asset worth less than $6,500 from the 2012-13 income year onwards.
The eligibility requirements are.
– The immediate deduction can be claimed on motor vehicles purchased from 1 July 2012.
– The business must be a small business entity. Generally, a small business entity is one with an aggregated annual turnover of less than $2 million dollars.
– Eligible vehicles can be new or used road vehicles (e.g. cars, trucks, utilities, motorcycles).
– “Motor vehicles” does not include road vehicles where its main function is not related to public road use or if the vehicle’s ability to travel on public roads is secondary to its main function (e.g. tractors, trailers, road graders).
As always, talk with your tax advisor to see if your eligible for the full benefits.