Car Loan Guru

03/01/2025

Nativity Vietnam style

31/12/2024

19/09/2024

Toowoomba flower Carnival, better than Floriade

29/05/2019

Do you need to purchase any equipment or machinery for your small business? Now would be a great time to buy – if you get it before 30 June, you could potentially use the $30,000 instant asset tax write-off to get your money back in your very next tax return.

How does it work?

A small business can currently claim an immediate tax deduction for the business portion of each asset purchased in the 2018/19 financial year provided:

The asset cost less than $30,000 (ex GST)
The business has an aggregated group turnover of less than $10 million
The asset was first used or installed in the year of claim – before 30 June 2019.

The asset can be new or used and there is no limit on the number of individual assets that can be claimed via the instant asset tax write-off scheme. To find out more, visit the ATO website.

Call me now about the right finance

The tax write-off currently applies to new and used vehicles, equipment, technology, machinery and any other business-related purchases under the $30,000 threshold. I have access to a wide variety of lenders with very competitive financing options for purchases like these.

Call or message me now to get things organised in time to make your purchases before 30 June. I’ll be happy to work with your accountant if required – just let me know your needs.

24/05/2019

Top Two Six Reasons why your car loan might be declined
1. Bad Credit
If you have a poor history of paying bills or repaying credit cards, a lender is not going to trust you to pay off a car loan. Clean up your act by settling your debts and paying off credit cards promptly, so you come across as a more realistic prospect for lenders. To many applications for credit on your file also don't look good.
2. Employment history
Lenders will be looking closely at your employment history to confirm whether you have steady employment and a regular income. If you have only been employed in your current role for short time or if you have been self-employed for less than two years, you will be perceived as a higher risk and your loan application may be declined on these grounds. If you are currently unemployed, your chances of being approved are extremely low, as you cannot repay a home loan if you do not have a viable income – and do you want that additional financial stress while you are out of work? Once you have a steadier employment history, lenders will look at you more favourably!

16/11/2018

𝗚𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝗱 𝗣𝗿𝗶𝗰𝗲 𝗢𝗻 𝗙𝘂𝘁𝘂𝗿𝗲 𝗧𝗿𝗮𝗱𝗲-𝗜𝗻
A Guaranteed Price on Future Trade-In option is offered by some dealers. You have the certainty of knowing what you get for your car in say three years time when you want to upgrade.

Just imagine what your position to negotiate your next car purchase is like if you can only get the agreed trade in price from this one dealer. Also, read the small print and any blemish on your car larger than a business card will void the agreement.

07/11/2018

If you are self employed, own your home (with or without mortgage) you are as good as approved for up to $150,000 for your next car. Give us a call on 02 8006 0115.

31/10/2018

Did you know that a car dealer often makes more money out of organising the finance than out of selling the car?
Don't become the victim of hidden charges or unnecessary add ons. Give us a call to arrange your pre-approved loan before entering into the Lions Den.
1800 MYGURU or click the call now button on the right.

24/10/2018

An important date is approaching. From 1 November the exception for car dealers to charge whatever they wanted on the car loan finishes. This means that they can no longer make more money on arranging the finance than from selling the car. The will however continue to sell gap insurance at exorbitant rates as well as fabric protection (a $20 spray sold for $1,200) or paint protection ($25 wax sold for $1,500).

01/10/2018

Buying a car is very emotional. Make sure that you don't get taken advantage by the car dealer. Get your loan approved before you step into the dealership. That way you can negotiate the best cash deal and save potentially thousands. Call us on 1800MYGURU (l1800496878) to arrange your pre-approval.

05/06/2018

Take full advantage of EOFY specials with a pre-approved loan for your next car. Call us on 1300 694878 (1300MYGURU)