Finance Update - July 2014
Not only are home loan rates down, but so too are motor vehicle and equipment leasing rates. Vehicle Rates (for business purposes) available from our panel of lenders can be obtained from as low as 5.35% based upon a new vehicle Purchase Price of $40,000.**
Please be careful though when considering finance options. In particular finance from a dealership. A recent example of a new $40,000 car purchase revealed additional charges of more than $8,000 for consumer credit insurance and other warranties. These were included in the finance contract resulting in a far higher monthly repayment than otherwise would be the case. A quick phone call to our office and a complimentary review of the finance offer could have resulted in a far different scenario.
** Terms, Conditions Fees apply and are available upon request.
As always please feel free to call us at any time if you wish to review your current finances or if we can be of any assistance sourcing new finance for you.
Adrian Rogers - Director / MFAA Credit Adviser
Peter Cleary - MFAA Credit Adviser
Until next time...