Add your business to ZipLeaf for free!
 Australia Business Directory
7 Tools to Help You Become an Informed Borrower

By 1800Approved Finance Solutions

7 Tools to Help You Become an Informed Borrower

11/24/2017 Getting a car loan approved is very exciting but with that new car comes a new financial responsibility. Before applying for a car loan, make sure that you are prepared for it. Fees, charges and maintenance costs can be a burden if you are not prepared for them.
Lenders are obligated by law, to determine your financial capability but you can try and check it for yourself using the tools below.
Budget planner
What is does;

  • Shows you where your money is going.
  • Allows you to determine if you have enough money for a new car loan.
  • Allows you to determine areas where you can save money.
Savings Goals Calculator
What it does;
  • Shows you the time needed to reach your savings goals.
  • Enables you to plan your finances to achieve your goals.
MoneySmart Cars App
What it does;
  • Allows you to determine the cost of buying and owning a vehicle.
Money Health Check
What it does;
  • Lets you know if your finances are under control and suggests steps to take in order to improve your finances.
Vehicle Loan Calculator
What it does;
  • Allows you to calculate your estimate monthly repayments.
Companies You Should Not Deal With
What it does;
  • List companies and individuals who are not licensed by the ASIC. These are the companies or individuals who call or email and offers investment opportunities or a loan. Check this list before dealing with any finance company.
PPSR Motor Vehicle Search
What it does;
  • Allows you to check if a used car is in danger or repossession.
Preparation is the key to success in all things including getting a car loan. Once you know your financial capabilities, you will be confident enough to apply for the car loan and confident enough to own and enjoy your new vehicle.

About This Author

1800Approved Finance Solutions

1800Approved Finance Solutions

1800Approved is an award winning financial institution offering a wide range of products across finance, insurance, and warranty.Customers are offered the best deals through 1800Approved's panel of over 40 lenders across Australia.1800Approved is well known in the areas of car loans, caravan loans, …

Read More »