Positive Lending Solutions Information Centre

Welcome to the Positive Lending Solutions information centre, our finance blog is here to financially empower Australians

What Is the Difference Between Co-Borrowers And A Guarantor

Families are all all about sharing. This means that if you can help your mum, dad, sibling or partner get ahead with access to a loan product, you probably will. But what kind of obligation have you taken on, and what does this mean for you?

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How Car Dealers Advertise Car Loans for Very Low Interest Rates

How Car Dealers Advertise Car Loans for Very Low Interest Rates

' Zero percent interest ' loans are a type of finance offered by the car manufacturer through a car dealership.’These loans are available for brand new cars, and they usually have a relatively short term. Here are a few tactics these dealers use during these promotions which will see you pay the interest in various ways.

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What Is A Residual Value Or Balloon Payment?

If your broker suggests an offer from a lender that has a ‘residual value’’or ‘balloon’ payment as part of the loan contract, this means that in return for making reduced payments throughout the loan term, there is a lump sum payment due at the end of the loan contract.

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What determines your interest rate

Interest rates are the cost of borrowing money. This is expressed as a percentage of the price of your new car (known as the ‘principal’ amount). When a lender calculates the interest rate for your loan they will consider:

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Top 10 Reasons To Use A Car Finance Broker

Using a car finance broker gives you the advantage over those who go directly to the bank, or get finance through the car dealerships. Here are 10 reasons you should go to a car finance broker to negotiate a great deal on your new car:

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