Positive Lending Solutions Information Centre

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

How Car Loans Will Evolve In the Days Ahead

The car financing industry adapts to the changing economic conditions with innovations. Amid the decreasing demand for cars, lenders are offering plenty of attractive car loan schemes and discounts. Meanwhile, traditional car lenders embrace digital technology to stay relevant and competitive.

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Taking a 7-Year Car Loan May Not Be a Good Idea

A long-term car loan of 7 years or more can significantly reduce the monthly repayments, making it easier for many buyers to afford expensive automobiles. However, there are several downsides to paying car financing within this length of time, especially for borrowers with low credit scores.

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Getting a Car Loan With a Balloon Payment? Here’s What You Should Know

If you need a vehicle but don’t have the money for the down payment, you can get a balloon payment car loan. However, this financing comes with benefits and disadvantages that may or may not work out for you. Weighed your options carefully before making a decision.

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Car Buyer’s Guide to Vehicle Body Types

When buying a new vehicle, should you go for a sedan, a hatchback or a ute? The car's body type or design affects its performance, fuel consumption and overall quality of driving. Hence, it's essential to have a basic understanding of car body types before going out in the market to buy your new ride.

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Why Are Used Cars Considered Higher Risk for Car Loans?

Used car loans have higher interest rates than new vehicle loans. They have less value to the lender, have shorter terms and hard to appraise and sell. They also are often requested by borrowers with low credit scores. A smart alternative to used car financing is getting a personal loan to buy a used car.

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Which Car Will Save You the Most Money: Petrol, Diesel, Hybrid or Electric?

Just because petrol is cheaper per litre than diesel doesn't mean it will help you save more money in the long run. Your car's fuel consumption is affected by various factors, including automobile and engine construction, road conditions and driving habits. Choose one that suits your budget and lifestyle.

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Guide to Finding the Best Car Finance Deals

The best car loan answers specific needs and payment capacity. Increase your odds for approval and favourable loan terms by improving your credit score. Also, before signing the contract, shop around for loans and research about your possible lenders.

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How to Build Your Savings After a Splurge

It is essential to build your savings after splurging to prevent any financial damage from snowballing and secure your financial future. The sooner you acknowledge the money loss and create an action plan, the sooner you can recover and get your finances back on track.

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5 Tips on Applying for a Small Business Loan

A small business loan can help increase your working capital, cover cash flow gaps and support your business growth and expansion. It’s essential to build good credit scores and present a detailed financial plan to increase your chances of approval. Providing collateral can also raise the odds, especially if your credit scores are not that impressive.

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5 Habits That Depreciate the Value of Your Car

Every car is subject to depreciation. However, it can be slowed down with proper vehicle maintenance and preventive measures. If you’re planning to sell your car for a good price in the future, avoid these five habits.

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How a Chattel Mortgage Benefits Small Businesses

Small businesses that need a vehicle but operate on tight cash flow can take advantage of a chattel mortgage. This type of secured loan allows businesses to tailor loan repayments according to their financial position and provides many tax benefits.

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Money-Saving Tips for Shopaholics

Do you find it hard to build your savings account as a shopaholic? With a little self-control and a few shopping tricks, you can save money without restricting yourself from buying stuff.

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Buying a Car at the End Of Financial Year Car Sales

One of the best times to buy a car in Australia is at the end of financial year. During this period, many car manufacturers and dealers put up the slow-selling vehicles and old stocks on sale to make room for new models. Car buyers can also negotiate a better price with salespeople who are eager to close deals and hit their yearly targets before the new financial year begins.

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Instant Tax Write-Off: What Is It and How Can It Help SMEs?

Small and medium-sized businesses in Australia can now enjoy a higher tax deduction on their asset purchases. The federal government has expanded eligibility to medium-sized businesses with a turnover cap of $50 million. Also, the threshold amount that can be claimed is now $30,000 for assets acquired between 2 April and before 1 July 2020.

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Tips for a Successful Cash Diet

If your spending habit is getting out of control and your credit card debt is ballooning, going on a cash diet is beneficial. Working like a “financial detox”, it involves the exclusive use of physical money for spending, keeping debit and credit cards away as you try to take control of your finances and build a healthier bank account.

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How to Reconcile a Bank Statement

Bank reconciliation is the process of comparing your internal financial records against the records in the bank statements. It helps safeguard your bank account against any erroneous bank charges, unauthorized withdrawals and fraudulent payments, which can cause poor bank conduct and bad credit score.

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Top 5 Reasons to Reconcile Your Bank Statements

Going through your monthly bank statements may seem like a mundane task, but it is important to keep your financial health in check. Bank reconciliation can help you verify cash flow, catch fraud, detect bank errors, rectify accounting errors and save money.

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Self-employed Loans for Tradies

Gone are the days when independent tradies struggle to seek financing to support or grow their business because they do not have payslips as proof of income. Today, there are many lenders who offer secured and unsecured loans for self-employed individuals.

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5 Life Hacks to Save Money While Living the Good Life

Utility bills, mortgage, groceries, bags and shoes...Sometimes it’s tough to set aside money for future needs when you have a lot of bills to pay and stuff to buy. Check out these money-saving hacks to help you reach your financial goals.

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8 Reasons to Make a Shopping List

Making a shopping list is useful for many reasons. Aside from helping you save money and avoid impulse buying, it also allows you to spend time and energy wisely, improves your memory and supports your healthy weight loss plan.

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How Bank Statements Affect Your Loan Qualification

Lenders often require your latest bank statements when applying for loans. These records of your banking transactions are vital in assessing your financial position, money management skill and repayment capability.

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