Finance

Jordo! · 06-28-2010, 01:20 AM

Well, not quite certain how similar things are in Oz, but my suggestions are:

1. Go with a smaller lender (e.g., a credit union) over a large bank -- they tend to offer better rates.

2. Secure financing BEFORE you go.

3. Do NOT let the dealership know how much financing you have -- just tell them you have it and strike the best deal you can.

4. Do NOT take the first offer they throw at you -- I've stormed out of dealerships angrily, and guess what, they generally call back tomorrow with a counter offer (maybe this is a USA thing

)

5. Do not bother getting any extra bells and whistles the dealer offers (e.g., undercarriage coating, etc.) it's never worth it. Even extended warranties aren't worth it -- they can be gotten at a later time, and unless you plan on keeping the car for longer than 6 years, why bother?

6. The dealer may offer to get you a better rate -- that's dubious and allowing them to check will ding your credit -- just stick with what you have, it's probably about as good as its going to get.

GUTCH · 07-18-2010, 04:13 PM

Check this crowd out...

Best Car Finance & Car Loans - Instant Online Quote - Car Finance Broker Australia - Stratton Finance

When I was hunting around they had the most competitive rates. Plus they also offer all forms of finance - Loans, leases, consumer hire purchase, etc.

They can advise you on not only what suits your financial situation but also what will gain you the best tax advantage.

Hope this helps.

GTRFAN · 07-19-2010, 04:50 AM

My mate Adam does all finance and salary packaging at Salpac. You'll be able to pay for the car with pre-tax dollars if you set it up correctly. It'll save you a tonne of cash in the long run.

Ask him to explain the different types of finance like Commercial Hire Purchase, Chattel, Spouse, Associated, Novated, and he'll suggest whats best for you. Say you know Darren though the 370 forums.

Salpac - Salary Packaging and Salary Sacrificing Specialists

Mozen · 07-19-2010, 05:28 AM

Quote:

Originally Posted by isotonic

Nissan NSW told me 8-10%, depending on the risk.

Small banks can give a better option...or if your military use USAA...4.25% depending on your credit. >_<

teejay · 07-23-2010, 12:33 AM

deposit also can help ... would rec a min 20k if you can

06-28-2010, 01:20 AM	#16 (permalink)
Jordo! A True Z Fanatic Join Date: May 2010 Location: nirvana Posts: 6,394 Drives: 2023 NATM Rep Power: 418	Well, not quite certain how similar things are in Oz, but my suggestions are: 1. Go with a smaller lender (e.g., a credit union) over a large bank -- they tend to offer better rates. 2. Secure financing BEFORE you go. 3. Do NOT let the dealership know how much financing you have -- just tell them you have it and strike the best deal you can. 4. Do NOT take the first offer they throw at you -- I've stormed out of dealerships angrily, and guess what, they generally call back tomorrow with a counter offer (maybe this is a USA thing ) 5. Do not bother getting any extra bells and whistles the dealer offers (e.g., undercarriage coating, etc.) it's never worth it. Even extended warranties aren't worth it -- they can be gotten at a later time, and unless you plan on keeping the car for longer than 6 years, why bother? 6. The dealer may offer to get you a better rate -- that's dubious and allowing them to check will ding your credit -- just stick with what you have, it's probably about as good as its going to get. __________________ Enjoy it. Destroy it.

07-19-2010, 04:50 AM	#18 (permalink)
GTRFAN Track Member Join Date: Dec 2008 Location: Melbourne Posts: 586 Drives: 370z Titanium 6MT Rep Power: 18	My mate Adam does all finance and salary packaging at Salpac. You'll be able to pay for the car with pre-tax dollars if you set it up correctly. It'll save you a tonne of cash in the long run. Ask him to explain the different types of finance like Commercial Hire Purchase, Chattel, Spouse, Associated, Novated, and he'll suggest whats best for you. Say you know Darren though the 370 forums. Salpac - Salary Packaging and Salary Sacrificing Specialists __________________ My Zed

07-23-2010, 12:33 AM	#20 (permalink)
teejay Base Member Join Date: Jun 2010 Location: Perth, Australia Posts: 9 Drives: 10 370z M2 Quartz M6 Rep Power: 15	deposit also can help ... would rec a min 20k if you can __________________ "He who never fell, never climbed" - Unknown

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07-18-2010, 04:13 PM	#17 (permalink)
GUTCH Base Member Join Date: Jun 2010 Location: Australia Posts: 134 Drives: 2018 Audi TT RS Rep Power: 15	Check this crowd out... Best Car Finance & Car Loans - Instant Online Quote - Car Finance Broker Australia - Stratton Finance When I was hunting around they had the most competitive rates. Plus they also offer all forms of finance - Loans, leases, consumer hire purchase, etc. They can advise you on not only what suits your financial situation but also what will gain you the best tax advantage. Hope this helps.