Frequently.Asked.Questions

Our Top tip on how to survive in the current Market. CASH is king.

Is the Interest Rate the most important part of a loan

and more - Is the Interest Rate the most important part of a loan

4 Tips How to Deal with a Retail Dealer - Car, Boat, Caravan in Current Market

Find That Finance was created because we know there is a real need for genuine customer focussed low interest financing, fees and charges. Using appropriately licenced, experienced and forward-thinking Financial Services providers. Our brokers can also provide complete asset finance comparisons. A LOW RATE MAY NOT ALWAYS BE THE BEST DEAL WHEN COMPARING ALL FEES AND CHARGES DURING THE TERM. Options such as taking advantage of structured repayments to suit your lifestyle or income, a quick approval turnaround, assistance with all necessary paperwork and the best payment rates available on the day! You’ll find that getting a private or commercial asset loan for a Caravan, Boat, Car, Truck, Construction, Personal or Bike for example has never been easier.

“I took out a loan as the interest rate was really low. I thought I had snagged a bargain because my brother had bought the same car and he’s paying 2% more than me. But his repayments are lower. How can this be? Where did I go wrong?” Do you know what the true cost of a loan is? If you are using finance to buy a Car, Boat, Caravan, Jet ski or Personal Loan then it’s easy to compare the REAL cost of a loan from various lenders. Generally, you would think there are only a few factors in borrowing. The amount you borrow, the interest rate and the time you are borrowing it for. Right? BUT the Cost of a Loan is more than that. There may be fees and charges (upfront, ongoing, and incidental)* that can vary between lenders. The Frequency of how often repayments are made will also affect the end result. By Law, the Comparison Rate is designed to help you understand the overall cost of a loan. It combines the amount of the loan, loan term, repayment frequency, interest rate, fees and charges into a single rate to show the total true cost of the loan. Most examples read like this: The comparison rate for the example is based on a loan of $30,000 over 5 years. WARNING: The comparison rates given are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. *examples of other fees and incidental charges could be: Payment transaction fee for direct debits Fee for production of a statement on the account Late fees or Direct Debit failure fees Default interest rate on overdue payments Comparison Rate (as per Government Regulation) A rate that helps you work out the true cost of a loan. It includes the interest rate, and most fees and charges relating to a loan, reduced to a single percentage figure. Source https://moneysmart.gov.au/glossary/comparison-rate Our role as Nationally Licenced Brokers is to find the best loan product for you from our panel of lenders that is not unsuitable based on your application profile and financial ability. That’s our job. Each lender , Bank or otherwise can only offer you loan products offered by them.! Brokers like us have strict accreditation rules to follow with access to multiple lenders. Each lender on our panel has different criteria as to the eligibility of people they will lend money to. In our assessment process, prior to suggesting appropriate finance options; Aside from the Interest Rate, Fees and Charges etc. mentioned above; your ability to borrow at a cost effective rate is also influenced by questions like: Do you own your own home? Is Your employment situation (length of time in current job and full time or casual) and income? Do you have dependants? Your age? What’s your Credit Score which reflects your past history in servicing and dealing with loans, credit cards and other debts if any? and a Whole lot more. Borrowing isn’t complex, IF with our help you use our experience to guide and arrange loans with a minimum of stress and as quickly as possible.

We provide access to a variety of brokers, banks and finance companies. There are not many providers who do asset finance, that we don’t have a connection with; giving you strong choices in getting the best loan options for you. Fast same day approval for your new asset purchase will have you living the dream before you know it. So if you need approval fast, don’t delay.

When it comes to large purchases you know you’re going to need finance for, whether it’s a Camper Trailer, Caravan, Boat, Car, 4 Wheel Drive, Truck or Bike  or any kind of leisure vehicle, it’s advisable to arrange a Free pre-approved loan before you start shopping.

It doesn’t mean you get given the cash to go shopping for your desired item, though it’s almost the same. A pre-approved loan is where you apply now, we look at your financial position and conditionally approve a loan that you can afford, for the type of purchase that you’re shopping for.  Getting  pre approved is also Free.  It can make you Buy Ready.

Once you’ve been approved for this finance, the approval is maintained for 31 days , giving you the time you need to shop around. If you haven’t found what you’re looking for in this time you can call and  extend the approval , provided your circumstances haven’t changed.

Once you’ve found what you’re looking for and have agreed on a price, contact us, to get things rolling and we can finalise the transaction by transferring funds directly to the seller. We’ll also help you with things like the transfer of ownership paperwork in the case of a private sale if applicable to your purchase.

When you’ve been pre-approved for a loan before you start shopping, you already know how much you can borrow, and you can access it quickly since you’ve already gone through the application process. Getting a pre-approval is also Free and makes you Buy Ready.

This helps you narrow down your search, giving you the confidence to test drive the car/boat/motorbike/caravan that you’re interested in. Because you know what you can afford and know you can access it on the day, you’ll have an extra edge when it comes to negotiating on the price, without the worry of missing out as you wait for loan approvals.

Sellers will also be more likely to take a lower price because they will be paid directly and quickly when you loan settles.

When you’ve been pre-approved for a loan before you start shopping around, you already know how much you can borrow and you can access it quickly since you’ve already gone through the application process. This is a Free Service.

This helps you narrow down your search and because you know what you can afford and know you can access it on the day, you’ll have an extra edge when it comes to negotiating on the price without the worry of missing out on your vehicle of choice as you wait for loan approvals.

Sellers will also be more likely to take a lower price because they will be paid directly and quickly when you loan settles.

So Key Points about getting a Free Pre Approval are:

• Can be Arranged from the comfort of your lounge room by phone, internet or from whereever you are.
• Allows you to get ready to Buy.
• Shop with Confidence.
• Gives you Negotiating Power, as your finance is already organised, once you find what you’re looking for, you can get it!
• Speeds up the loan process, so when you have found and decided what you want to buy you can do it!
• It doesn’t cost anything for you to arrange a Pre-Approval and it normally only takes minutes to take your application and your Pre-Approval could be in place shortly after.
• You know what your loan commitments (either Monthly or Fortnightly or Weekly) will be and how much can borrow at a commitment you are comfortable with.
• Your commitment will be based on what you think your looking to purchase, and the current interest rate offered by the selected lender applicable at the time of the application.
• Valid for 31 days and can be extended for additional time - if needed.
• You’re under no Obligation to proceed.
• You’re in control! it’s up to you to decide to proceed.

When you see the car, motorbike, caravan, boat or truck that you want, you can act with confidence to negotiate the best price, contact us and we do the rest. Become Buy Ready to shop with confidence Today.

Pre Approved Loans

• Security of title
• Various warranty options apply to both new and used cars
• Generally better knowledge of their products
• Servicing
• Licensed Spare Parts.
• Motor Dealers are regulated in each state.

Dealership finance is often based just on agreements the dealership has with one or two finance providers, so you’re often not getting the best possible rate. This is because they are limited in comparable products.

Dealerships will also like to include things in with the finance, such as offering to tack on custom paint jobs, tinting, fancy tyres, and all kinds of unnecessary extras you may not have wanted in the first place. So beware of expensive up sell on aftermarket products like tinting and extras.

When you go to a dealership you are restricted to the stock the dealer currently has on hand.

Franchise dealerships are restricted to only certain locations, may have expensive Taj Mahals and look like expensive shopping malls. Someone has to pay for the fancy building

They have highly skilled sales people and point of sale financing is currenlty exempt from the national consumer protection laws.

Getting pre-approved can help you avoid this and stay protected.

An application for finance or a loan, facilitates access to products and services that involve the need to collect a diverse range of personal information.

You need to be confident that the personal information you provide will be treated with the highest degree of integrity and privacy. However, it is equally important that the Finance Broker we refer you to provide the best possible service across a wide range of products and services. To achieve this aim they need to make the most efficient use of your personal information.

They will recognise that any personal information collected about you will only be used for the purposes collected or as allowed under the law.  It is important to us that you are confident that any personal information held about you will be treated in a way which ensures protection of your personal information.

Find That Finance as a referrer will only refer you to finance Brokers who are committed to complying with the Privacy Act and Australian Privacy Principles.

If you have had bad credit, there are finance options available to you even if you are bankrupt. Give us a call to discuss your individual circumstances

We have an experienced team of bad credit finance consultants who can:

                             • Discuss your circumstances and provide you with the loan options.that are available.
                             • Find you affordable car loans suitable for your financial situation.
                             • Do the extra work required to get your loan approved.
 Even though your credit history may not be perfect, apply now and we will endeavour to find you a finance solution with repayments that you can afford.

 There are significant benefits of a fixed interest rate loan:

• Certainty of repayments for the term of the loan.
• Your Rate is Locked in for the term of the loan.
• Protection against rising interest rates. 
• Just about all loans for asset finance like Cars, Camper Trailers,Caravans and Boats are fixed. 

Buying Privately here are a few ideas you might find useful.

• No hard sell from professional salespeople.
• No offer for additional upgrade to products you may not need.
• You get the opportunity to talk directly to the owner who knows the history and condition of the item.
• Potentially a simpler transaction.
• Privately sold goods will generally be cheaper than through a dealership as no overheads.
• Private sellers are usually more willing to negotiate on price.
• By dealing directly with the current owner/driver, you will be able to gather a lot more
information about the goods and how it has been driven/used and cared for.
• The transacting environment is usually more relaxed, with less pressure from the seller than is customary with a dealer sales representative.

We have a proven process to protect both the Buyer and Seller from the potential pitfalls of Buying Privately.

Our process includes:

• Checks to confirm if any money is owing
• Check to confirm if any past write off by an insurance company
• Identifiers and item being sold are what they should be
• That the goods have clear title

 Interesting Finance Facts Did you Know:

• Your Credit file is an asset and worth protecting.
• Access to multiple lenders gives you an advantage - wider opportunity.
• Using a Broker allows us to assess all options to get you the best possible result we can.
• Making multiple applications for finance can harm your Credit File.
• Using Pay Day lenders can impact on your ability to get additional credit.
• Had bad credit in the past, Some lenders will still look at you.
• Making multiple applications for finance can harm your Credit File.
• We had a client this week who was only $50 per month in arrears and paid 1 day late on his car loan. This was enough to impact on his ability to Buy a new Jet ski.
We are happy to assess your circumstances and let you know what areas You might need to Work On to improve your ability to get credit.

Your Credit file is an Asset - it needs protecting!

The finance application process typically involves providing personal and financial information, such as income, employment details, and expenses. The broker will assess your application, submit it to relevant lenders, and present you with suitable loan options. Once you choose a loan, the broker will assist with the necessary paperwork and guide you through the approval and settlement process.

The specific documents required may vary depending on your circumstances and the type of loan you're applying for. Generally, you will need identification documents (e.g., driver's license, passport), proof of income (e.g., payslips, tax returns), bank statements, and possibly other supporting documents like rental agreements or proof of assets.

The time taken for loan approval can vary depending on several factors, including the complexity of your application and the lender's processing times. Typically, it can take anywhere from a few hours to a few weeks to get a loan approved. Your finance broker can provide you with an estimated timeline based on their experience and knowledge of the lenders' processes.

Find That Finance does not charge fees for a loan eligibility assessment or getting a pre-approval in place. If the borrower continues to proceed and settle a loan with one of our many lenders, then we do charge a brokerage fee that is included in the amount borrowed. We may receive commissions from lenders when a loan is settled. All information is fully disclosed and agree to by the borrower before loan settlement. It's important to clarify any potential fees or commissions with your broker upfront to ensure transparency.

Yes, finance brokers can assist with refinancing existing loans. They can review your current loan and financial situation, help you find better loan options with lower interest rates or more favorable terms, and guide you through the refinancing process.

Yes, finance brokers often have access to a range of lenders, including those who specialize in providing loans to individuals with bad credit. While the options may be more limited, a finance broker can help explore suitable loan options based on your circumstances.

The interest rate is a key factor that determines the cost of borrowing. A higher interest rate means higher loan repayments, while a lower interest rate can result in lower repayments. It's important to consider the interest rate when comparing loan options and determining the affordability of the repayments.

Many loans offer the flexibility to make additional repayments, which can help you pay off the loan faster and reduce the overall interest paid. However, it's essential to check the terms and conditions of your specific loan to confirm if additional repayments are allowed and if any fees or restrictions apply. Simply ask your Broker.

Missing a loan repayment can have various consequences, including late payment fees, additional interest charges, and potentially a negative impact on your credit history. It's important to contact your lender or finance broker as soon as possible if you anticipate difficulty in making a repayment, as they may be able to provide guidance or explore alternative solutions.

 Part one - Use Your Own Cash

 Part Two - Save Up Own Cash

 Part Three - Reasons to Borrow indtead of using your own Cash

Our Short Explanation of Comparison Rates