www.carfinancecalculator.com.au

Want a car finance quote? Get one in 30 seconds. Visit Car Finance Calculator .com.au.

How does the Car Finance Calculator work?

Use the Car Finance Calculator at carfinancecalculator.com.au to calculate your monthly repayments on car finance including options such as Hire Purchase, Chattel Mortgage, Car Lease or Novated Lease.

You can structure your car finance calculation based on a real – pre-loaded interest rate, (no need to guess a rate), loan term (length) in months, amount borrowed (financed) and balloon value.

The final result is exactly what you’re after, a set of finance quotes from some of Australia’s top lenders and financiers. All you do is complete a few details and 30 seconds later, you get to take away a set printable quotes. Dont waste time, calling multiple financiers and finance brokers, visit Car Finance Calculator .com.au today.

Hi John,

Manda and I would like to thank you for all your help with organising our Car Finance on our Golf GTI. It was the first time we have used this style of finance and we found you very helpful. I thought I would attach a picture of what you helped us purchase.

Thanks again,

Josh

“Lets Talk Car Finance”

If you need help with car finance, give John Fowler a call from Platinum Direct Finance and talk Car Finance today or visit our Car Finance Calculator for a instant finance quote.

John Fowler| Finance Consultant
02 8913 5705 | Fax 02 9436 0074 | Free 1300 554 553
john.fowler@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Motor Vehicle Insurance we have one level of cover offered to our clients and we use Allianz Prestige Motor Vehicle Insurance. You are covered for Accidental loss or damage to your vehicle, plus damage to other people’s property. Your current no claim bonus will be recognised by Allianz. Other benefits include:

• Substitute vehicle
• Legal costs
• Rental car following theft
• Trailer and caravan cover
• Emergency repairs
• Emergency accommodation costs
• Re keying and recoding of your vehicle locks

New Car Extended Warranty designed as an extension of cover provided under the original manufacturers warranty, beyond the period of manufacturers warranty, for the repair or replacement of mechanical and electrical failure, which would have been covered by the original manufacturers warranty and falls within the terms and conditions of the policy.

Motor Equity Insurance (GAP) a policy that offers cover when the payout on the loan contract exceeds the payout of your comprehensive insurance policy. GAP pays the difference between the two. If a total loss payment is made in relation to your vehicle by your comprehensive insurer, we will pay the difference between the total loss payment and the loan settlement amount subject to the cover you choose. You can also choose to have extra cover which will cover the costs incurred in buying a new vehicle including the insurance policy excess; delivery charges; registration costs; CTP and stamp duty.

Loan Protection Insurance protects you against the risk of being unable to meet your loan repayments as a result of death, trauma, disability or involuntary unemployment, subject to any maximum payouts stipulated in the contract you choose. This insurance provides you with protection and peace of mind knowing that if the unforeseen happens, your repayments will be made in the circumstances which are covered. You have three choices of cover and they are outlined below.

Read more »

These simple and potent principles have underpinned the businesses expansion into arguably the largest and most successful finance broking house in Australia.

Platinum Direct Finance has offices Australia wide and introduced volumes in excess of $800 million in 2008. Our reputation and business volumes, mean our customers benefit from our strong relationships with Australia’s biggest finance companies and the major banks, with the most competitive interest rates, and flexible terms and conditions.

In addition to our finance knowledge and industry connections, our team members are industry and equipment specialists. When you deal with one of us, you gain the wealth of experience of the entire group.

Whatever your business, your finance needs are handled seamlessly from start to finish. Our commitment to after sales service ensures you are not on your own after settlement.

Read more »

Hi Meaghan

Yay!! Thank you so much you have been fantastic to deal with and have made the whole process seamless and a pleasure doing business.

Woohoo new car!

Cheers
Vicki

“Lets Talk Car Finance”

If you need help with finance, give Meaghan Roulston a call from Platinum Direct Finance and Car talk Finance today.

Meaghan Roulston | Finance Consultant
02 8913 5708 | Fax 02 9436 0074 | Free 1300 554 553
meaghan.roulston@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

John/Tammy

Thank you for the update, and I acknowledge that the settlement has been completed.

I would like to thank you both and Platinum Direct Finance for a very pleasing, hassle free and for quickly organized finance application and approval. Speedy communication, preparation of documents and questions answered was exceptional, and has made this finance experience very satisfying.

I will be highly recommending Platinum Direct Finance to others

Regards

J Walker

“Lets Talk Car Finance”

If you need help with finance, give John Fowler a call from Platinum Direct Finance and talk Car Finance today.

John Fowler| Finance Consultant
02 8913 5705 | Fax 02 9436 0074 | Free 1300 554 553
john.fowler@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Hi Nick,

Thank you very much, it has been a pleasure doing business with you and Platinum Direct Finance. I look forward to working with you again on my next car purchase.

Kind Regards,

J Rich
Data Centre Solutions Sales Specialist

“Lets Talk Car Finance”

If you need help with finance, give Nick Ivers a call from Platinum Direct Finance and talk Car Finance today.

Nick Ivers | Finance Consultant
02 8913 5703 | Fax 02 9436 0074 | Free 1300 554 553
nick.ivers@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Here is an example of a Chattel Mortgage article that was written from a article writer.

A Chattel Mortgage is a special type of mortgage in which movable property, such as a vehicle or heavy machinery, is used as the collateral for the mortgage. This has a number of benefits, as outlined below, and is an excellent choice for leasing vehicles or for buying something non-movable that is of very high value to one’s organization. Chattel mortgages are typically taken out for car finance by organizations on a variety of expensive purchases.

These mortgages are very similar to standard mortgages. The only difference is the chattel. Therefore, there are not that many features to speak of. But there are some. For example, most companies will allow a consumer to choose his or her mortgage length, up to five years. Because the mortgages are typically on relatively inexpensive items, one can choose to put a larger down payment to reduce the amount of the loan and the interest payments. Also, because the mortgage is secured against a vehicle, there are typically far lower interest rates than the standard.

One of the largest benefits of a Chattel Mortgage is that the property that is being paid for is at no risk. That is, because the property being mortgage is movable, it will be vehicles or something similar. Therefore, a company may choose to use company cars or machinery as the chattel, but use the mortgage money to pay for land. Therefore, the bank does not own the land, but rather the company does. While the chattel is at risk, the company owns the land free and clear. Also, in most cases there are no fees and the interest rate always stays the same.
Read more »

1300 Car Lease

Looking for expert and professional car leasing information? 1300 Car Lease is the car leasing website packed full of options!

1300carlease.com.au is a Car Lease website that provides detailed information on all car leasing options in Australia.

Commercial Hire Purchase, Chattel Mortgage, Novated Car Lease, Car Lease are just a few of the options found on the site. 1300 Car Lease explains

• What is a Car Lease?
• How does a Car Lease work?
• Residual and terms
• What are the benefits of a Car Lease?
• Who should consider a Car Lease?
• Who should consider a Car Lease?
• What are the tax implications of a Car Lease?
• Are there any other options?

So if you’re in the market for a Car Lease, check out 1300 Car Lease today.

Also check out there latest Car Lease news and Tax Tips.

The Macquarie Leasing Consumer Car Loan is suitable for customers acquiring passenger cars used wholly or predominantly for personal use. The product is governed by the National Consumer Credit Protection Act.

Consumer Car Loan Parameters

Loan amount $10,000 – $150,000
Term 12 – 60 months
Vehicle age Maximum vehicle age at maturity is 9 years
Loan establishment fee $350
Monthly account administration fee $5.50
Payments Monthly arrears or advance
Payment method Direct debit*

Consumer Car Loan Final Balloon Payments

Final balloon payments may be scheduled into the loan where it is not unsuitable for the customer. Only customers assessed by Macquarie as appropriately credit-worthy will be approved for final balloon payments in accordance with these guidelines:

12 – 36 month terms Up to 40% final balloon
37 – 48 month terms Up to 35% final balloon
49 – 60 month terms Up to 25% final balloon
Read more »

Advance Car Loans

Looking for Car Loans and Car Finance information?

Visit Advance Car Loans at www.advancecarloans.com.au

Its a website with down-to-earth information that is easy-to-read for people trying to understand the different types of Car Finance. Advance Car Loans has a easy to navigate menu which makes it easy for fine the Finance you are after.

Its a nice clean website and explains the features and benefits of all the major financing options including Commercial Hire Purchase, Chattel Mortgage, Car Lease, Novated Lease, Personal Loans and all Consumer Secured Loans. Advance Car Loans also explains all Bad Credit and Second Chance Car Loans.

Advance Car Loans takes the guesswork out of owning a vehicle by helping you choose the right car at the right price. They can advise you on how to best structure your purchase and manage your vehicle in the most tax effective way. With these strategies they can save you thousands, either on a new or used car, dealer or private sale or even on your existing vehicle you drive right now.

So visit Advance Car Loans today and check them out for yourself.

Can I still get a car loan even if I have poor credit history?

Most Platinum Direct Finance panel of lenders offer second chance car loans, however you may be considered on different finance terms and interest rates, due to the level of risk. Lenders consider loans to applicants who have strong asset backing and/or a sizeable deposit.

Will Platinum Direct Finance help me get the best deal?

Platinum Direct Finance will work through the panel of lenders with you to find the most suitable loan based on your history and current financial situation.

Where can I obtain a credit report?

You can request a copy of your credit report via a credit agency. Veda Advantage is Australia’s largest credit reporting agency for businesses and individuals.
Read more »

Your Second Chance….

Bad Credit

Missed a payment on your phone bill? Forgot to pay your credit card? Or maybe you’ve been declared bankrupt?….. Needing a new car to replace your old one?

At Platinum Direct Finance, our team will be happy to help you find a car loan suitable to your needs. Platinum Direct Finance will work with you to select a loan to make your purchase.

How your credit history works

When paying your bills, loans and other borrowings, how you manage paying these will be indicated on your credit file. Particularly if they are being paid late, disputed, missed payments, simply forgot or just chose not to pay, results in a strike on your credit file. Not only will this lower your credit rating, it will also affect loan products being offered. If you have had bad credit history and are unsure which loan to be looking for, Platinum Direct Finance will work with you to find a loan suitable to your needs.

Second Chance Car Loan

These are also known as Bad Credit Car Loans, this range of Car Loans is offered to customers who have previous adverse credit history. Read more »

Platinum Direct Finance Novated Lease Program is perfect for businesses that want to provide a salary packaged car without spending valuable time managing maintenance or driver issues.

By combining Car Finance via a Novated Lease agreement with budgeted running costs, such as fuel, registration, insurance and maintenance, a Novated Lease Vehicle Program will manage the entire process for you from beginning to end. You’ll also avoid being left with unwanted company vehicles.

How does it work?

The employee chooses the car they want and estimates the annual kilometres they’ll travel. We calculate a total cost with finance for the vehicle and budgeted running costs covered by one simple monthly deduction from the employee’s pre-tax salary. If the employee leaves, they keep the car and make the payments. In some cases they can even arrange for their new employer to take over the lease.

Benefits to business

No risk of being left with unwanted company vehicles if the employee leaves they take the vehicle and payments with them.
Read more »

Prime Minister Julia Gillard has announced a Federal election for Saturday August 21.

At 10:30 this morning, Prime Minister Julia Gillard flew to Canberra to ask the Governor General to dissolve parliament and call a general federal election for August 21. when you think about the election and the past couple of months, the election is bound to be a close one. Julia Gillard vs Tony Abbott. Labor vs Coalition. Woman vs man. Who will win?

The Labour Parties election slogan, as expected, will be “Moving Forward”, an expression Prime Minister Gillard used repeatedly at a press conference at Parliament House.

At her press conference, Prime Minister Gillard spoke of restoring and maintaining the budget surplus, education, health and building a sustainable Australia as the main themes of her election campaign.

What’s important to you?

Before you vote, make sure you know the issues and policies held by local members, senators and their respective parties. What’s important to you in this election? Who best represents your interests? Oh, and make sure you check your registration!

A Novated Lease is a three way agreement between an employee (YOU), an employer (Your Boss) and a finance provider (ie Macquarie Leasing). Through a novation agreement, your employer is obligated to make your monthly Novated Lease payments whilst you are employed by them. The Novated Lease payments are then deducted from your pre-tax salary.

What is a Novated lease?

Why choose a Novated Lease?

Novated Leasing is a tax-effective method of financing a car. It allows an employee tax benefits that regular Car Finance cannot achieve. This car can be solely used for private use. Read more »

Platinum Direct Finance Novated Lease Quote

Novated Lease Quote

Looking for a Novated Lease Quote? Call Platinum Direct Finance today on 1300 353 383 and talk to one of our experienced Novated Leasing consultants.

Once you receive your fully maintained Novated Lease quote, this is how you read it.

VEHICLE DETAILS

This indicates breakdown of onroad cost, full description of vehicle and nominated annual travel kilometres.

LEASE DETAILS

The Setup Fee is the financier documentation fee included into lease payments. The Fully Maintained Novated Lease residual is generally set within ATO guidelines which is determined by lease term.
Read more »

What is the Vehicle Integrated Program (VIP)?

The Vehicle Integrated Program (VIP) is a Fully Maintained Novated Lease, a highly tax effective form of vehicle financing. It involves a Novation Agreement between an employee (you), your employer and a financier. This agreement allows a substantial proportion of the vehicle finance and the costs associated with owning a vehicle to be deducted from your pre-tax income. As a direct result, you will gain substantial tax-savings boosting your disposable income.

Which vehicle expenses are included?

• Vehicle Finance
• Fuel
• Maintenance
• Tyres
• Comprehensive Insurance
• Vehicle Registration Renewal
• Compulsory Third Party (CTP) Insurance
• Australia-wide Roadside Assistance

Benefits of the Fully Maintained Novated Lease to the Employee

How do you Benefit from the Vehicle Integrated Program (VIP)

Pay Less Tax: An extensive proportion of the vehicle expenses are taken from your pre-tax income therefore reducing the amount of income tax you pay.

Save on GST: Your employer is able to claim back a sizable portion of the lease associated GST. The financier is also able to claim back the GST on the purchase price of the vehicle, therefore you will finance the vehicle price GST exclusive. Read more »

Platinum Direct Finance

We proudly specialise in the field of car finance, particularly in secured car loans, novated leases, commercial hire purchase (CHP), chattel mortgages as well as many other finance options.

The fact that our finance consultants have access to many different finance products from numerous lenders, this generally means they will get a better deal than the bank! Add to that the volume of loans we have approved, it all adds up to the best interest rates available.

Our finance consultants will step you through the process of applying for your car loan, making it very easy Read more »

The Reserve Bank of Australia (RBA) has left the official cash rate unchanged for a second consecutive month at 4.5 per cent.

The central bank’s decision in July to keep its key cash rate at 4.5 per cent was widely expected and marks the second consecutive month of unchanged rates, as the RBA assesses the pace of the local and global economic recovery.

In a statement accompanying the decision, RBA governor Glenn Stevens said “The current setting of monetary policy is resulting in interest rates to borrowers around their average levels of the past decade. Pending further information about international and local conditions for demand and prices, the board views this setting of monetary policy as appropriate,”

The RBA has lifted the official interest rate six times since October in a bid to curb excessive spending while the economy continues to expand.

Since May, however, clouds of uncertainty have gathered over global markets with fears of a renewed debt crisis rising in Europe, while the rebound in the US economy appears weak.

The RBA expects Australia’s terms of trade to improve around 20 percent this year.

Buying a used car? Buyer beware!

Platinum Protection Pack

What is Platinum Protection Pack?

There are many traps that buyers can fall into when purchasing a used vehicle from a private seller, a non franchise dealer or auction. This is why we have created Platinum Protection Pack! For just $195.00 you receive the following:

Marshall’s Vehicle Inspection

This is a sighting inspection performed by one of Australia’s most respected roadside automotive battery providers. They will check and verify all vehicle identifiers and take photo’s for the financier.

V Check

This checks original vehicle identification details and history including first date of registration, transfer history, and purpose of use, odometer readings at transfer where available. it also details stolen status, written-off status, and effective date of registration.

Register of Encumbered Vehicles, REVS check

Checks for money owing on the vehicle.

At Platinum Direct Finance Australia we want all our clients to enjoy their new vehicle purchase and with the help of the Platinum Protection Pack, its the first
step towards making a successful purchase.

If your finance broker or bank can’t assist you with this, ask them Why Not? Talk to an experienced Platinum Direct Finance consultant today on 1300 554 553.

Disclaimer – Platinum Protection Pack is not a mechanical inspection.

When looking for Car Finance it is important to not only consider the repayment amounts and interest rates of different loans, it is also wise to weigh up the varying fees, terms and conditions of these loans. Variations in fees, terms and conditions can add hundreds and sometimes thousands of dollars to the total cost of the loan.

Platinum Direct Finance can provide you with finance that has

• Low application fees
• No monthly or annual account keeping fees
• No early exit penalties
• No retained interest charges

Retained Interest is future, currently unpaid interest that the vast majority of Australian lenders will charge if the loan is paid out early. For further information please call your Platinum Direct Finance consultant on freecall 1300 554 553

New Car Buying Tips

Platinum Direct Finance offers a Vehicle Sourcing Service for all new cars. Read more »

Great news John,

I really appreciate all the work that you’ve done to get this across the line. As you were aware there was a real sense of urgency to get this done, so thank you for stepping up to the plate.

On both occasions, I have had a very smooth transition which has made the whole process enjoyable. You’re diligent, professional and friendly nature is a real credit to both you and your company.
Read more »

I write to thank your company for vehicle finance recently provided and to let you know how happy I am with your staff and the way in which they conducted the entire process.

Both Ken and Tammy Meyer were both friendly, knowledgeable of product and completely professional throughout. It is so satisfying to deal with a company and individuals that follow through with exactly what they say and when they will do it. Even though the finance provided on this particular occasion was not large by any means I was treated with the utmost of professionalism. Read more »

What should I do? just a standard Novated Lease or a Fully Maintained Novated Lease?

Novated Lease or Fully Maintained Novated Lease

There are many answers to this question which depends on your individual situation. To answer a question with a question; do you have a lot of business use for your vehicle?

If NO, then a fully maintained novated lease is one of the only ways you can receive a taxation benefit for the running expenses of your vehicle. Items such as fuel, rego, car-insurance, servicing and repairs can come from your salary pre-tax sometimes saving you big $$ on these everyday running expenses.

If YES, then there is really no difference in taxation benefit, when you consider this situation. If you have 80% business use for your vehicle, no matter what finance option you decide on, you can claim 80% of the running costs in most cases. So really you can have the best of both worlds, do a standard Novated Lease and receive the taxation benefit on the finance every time you get paid and claim the business use on the running costs at the end of the financial year. Read more »

Toyota Kluger

Toyota needed a touch of genius but they managed to pack even more features into the Special Edition Kluger. It looks like they started with all the stuff for the family friendly KX-R, like a reverse camera for safety and a glass tailgate hatch for easy boot access. Then Toyota piled in heaps of extras to keep the kids happy and comfortable, like a DVD rear seat entertainment system, third row seats, and separate rear air con. And they still found space for all your stuff, like a 6 disc in-dash CD changer, tilt & slide moonroof, 19-inch alloy wheels, fog lamps and black roof rails. The beauty is, there’s still room for the kids to bring along all the toys they’ll never play with.

Finance Repayments

Hire Purchase / 5 year/ 30% balloon/ Toyota Kluger, AWD, 5 seats/ $45,490/ Monthly repayments = $741.85*

*Monthly repayments may vary due to financier credit score, loan purpose, amount, seller and are subject to change. Conditions fees and charges may apply and approval is subject to normal lending criteria of the financier.
Read more »

G day John,

I just wanted to say thanks very much for the great help you gave to me during the finance application process, probably not the easiest client you have ever had but you worked hard to get the job done.
Read more »

At Platinum Direct Finance we understand that finance is not always a 9 to 5 proposition. That is why our experienced finance consultants are now available 7 days a week for your convenience.

Here are our new operating hours.

Platinum Direct Finance offers finance to customers throughout all of Australia. Our head office is based in St Leonards, Sydney with other offices in Melbourne, Adelaide, Perth and Brisbane. We provide finance for cars, boats, bikes, homes, equipment and everything business.

We offer a wide range of financing options including commercial hire purchase, chattel mortgage, finance lease, car loans and the best novated leasing program in Australia. We also pride ourselves in providing our customers excellent service and our 25+ experienced finance consultants are ready to help you with all your financing requirements now.
Read more »

Eye-catching looks, loads of features and spirited performance too the Mazda 3, SP25will certainly grab your attention.

Mazda 3 SP25

This model has higher performance than the rest of the Mazda 3 range and enhanced comfort, the SP25 is seriously sporty. Available as either a 5 door Hatch or 4 door Sedan, the SP25 comes standard with a 122kW 2.5-litre engine mated to a six-speed manual transmission. A five-speed Activematic transmission with steering wheel mounted paddle shift controls is also available

Safety is covered with six airbags, ABS and Dynamic Stability Control (DSC). While cruise control and steering wheel-mounted audio controls come standard.

Here are a few of the important stats for the Mazda 3, SP25:

• Engine 2,488 cc
• Max Power 122 kW @ 6,000 rpm
• Max Torque 227 Nm @ 4,000 rpm
• Fuel Consumption From 8.6 litres per 100km

Finance Repayments

Hire Purchase / 5 year/ 30% balloon/ Mazda 3 SP25, sedan, manual $32,884/ Monthly repayments = $541.90*

Hire Purchase / 5 year/ 30% balloon/ Mazda 3 SP25, sedan, manual, luxury pack/ $35,273/ Monthly repayments = $581.26*

Hire Purchase / 5 year/ 30% balloon/ Mazda 3 SP25, sedan, manual, luxury pack, sunroof/ $36,863/ Monthly repayments = $605.57*
Read more »

Found your dream car but don’t have enough funds to buy it? Well, you’ve come to the right place.

At Platinum Direct Finance we intend to help you get the car of your dreams even if you don’t have enough cash in your bank account. We offer you with lots of information regarding car loans & car finance to guide you in choosing the right one.

There are several factors that you have to take into consideration when you’re looking for a means to finance your car. After all, you need to make sure that you’re getting the best deal possible. Among the things that you have to think is not the interest rate but the overall month cost of the loan you’re planning to get. It’s best to check out different loan offers and see which one will give you the best deal. Another thing that you have to pay attention to is the repayment period. Read more »

The 2010 NRMA Motoring and Services Cost of Ownership report has been released and Hyundai’s award winning i30 SX CRDi turbo diesel manual once again is confirmed outright winner for the popular small car category.

The Hyundai i30 SX CRDi turbo diesel achieved the lowest fuel costs of just $19.82 per week, the lowest overall for the survey across all categories. The i30 SX CRDi manual also achieved the lowest running costs per week across all the categories with running costs of just $49.94 per week.

The i30 range opens with the 2.0 litre petrol manual SX at $18,990; the 1.6 litre turbodiesel manual SX CRDi is $21,490, making it by far the cheapest diesel in this class. VW’s Golf and the Ford Focus diesels, for example, cost $27,990; other brands are more expensive again. It’s also available in SLX grade for $25,990; the petrol equivalent is $23,490. The 2.0 petrol SR is $26,490. Car Finance repayments for the 1.6 litre turbodiesel manual SX CRDi are very affordable for most Australian families. eg. Hire Purchase/ 60 month term/ 30% balloon/ $21,490/ monthly repayment = $354.13 and for a consumer car loan/ 60 month / 0% balloon/ $$21,490/ customer interest rate 7.95%/ monthly repayment = $435.23.

In addition to the finance affordability, Platinum Direct Finance offer a car buying service for all the Hyundai range Read more »

The S60 looks sporty. And not just sporty for a Volvo. It corners with BMW-style grip, it rides as well as an Audi, and the quality looks and feels to rival a Benz C-Class. Mix it up and you get a car which takes Volvo to a new level.

The S60 is still likely to get onto peoples new car shopping lists in Australia off the back of its safety and perhaps the smooth new design – but it will win buyers with a more-comprehensive set of strengths than ever before.

The crucial thing is the pricing – Volvo must under-promise and over-deliver to conquer in the 3 Series class and that means a starting point below $50,000 for the basic S60 and some real action beneath the luxury car tax threshold. Car Finance repayments for a 5 year/ 30% balloon / Hire Purchase start from $821.38 per month which makes this car affordable for a lot of households.
Read more »

The closing of Suncorp, GE, GMAC, and Ford Credit (retail sector) in the motor vehicle finance market has raised concerns among their clients wishing to refinance their residual values and balloons. A number of these exiting financiers are keen to reduce their loan book as quickly as possible and are even offering favorable early payout calculations to clients wishing to terminate their loans. Platinum Direct Finance can assist you to get through this transitional period, and is pleased to offer the following streamlined methods of when refinancing passenger vehicles of the mentioned financiers: Read more »

Hi John,

I can’t thank you and Danelle enough for all your help with my car finance, and especially you for your patience! This purchase was a long time coming, Read more »

Official figures released by the Federal Chamber of Automotive Industries (FCAI) show that 23,211 motorcycles, scooters and all-terrain vehicles were sold in the first quarter of this year – a decrease of 12.2 per cent (3,215 units) over the same period in 2009.

“This has been a slow start to the 2010 sales year with a uniform decline across all categories,” FCAI Chief Executive Andrew McKellar said.
Read more »

The Federal Chamber of Automotive Industries (FCAI) has elected GM Holden Chairman and Managing Director, Mike Devereux, as its new President.

Mr Devereux replaces Alan Batey who stepped down as Holden Chairman and MD and FCAI President to take up a senior position with General Motors in the United States.

“I am humbled to be elected to represent the Australian automotive industry as President of the FCAI,” Mr Devereux said.
Read more »

Hey mate,

Just thought id say hey!

Havent had a chance to chat to you for a while which generally means things are all apples!
Read more »

Hi Meaghan

That is so extremely nice of you to send me this message. You do not need to thank me, I should be thanking you Read more »

As of 1 July 2010 the luxury car tax threshold will increase from $57,180.00 to $57,466.00.

This will mean the maximum GST claim allowable will be $5,224.18.
Read more »

Hi Richard,

I just wanted to say thank you for your help and advise in helping me gain my new vehicle.

Your professionalism and expertise was beyond what I had expected and far superior to any of your competitors.
Read more »

Good Morning Jenna / Sam

I just wanted to thank you both for a smooth and flawless process in obtaining this vehicle. In the past buying cars has usually been pain staking, but due to your fantastic service I enjoyed the whole car finance process. Read more »

Hi Nick.

All is well and the car is fantastic, thanks for your help 100% happy.

Cheers,

N Lawrence
Transport

“Lets Talk Finance”

If you need help with finance, give Nick Ivers a call from Platinum Direct Finance and talk Finance today.

Nick Ivers | Finance Consultant
02 8913 5703 | Fax 02 9436 0074 | Free 1300 554 553
nick.ivers@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Hello Nick,

Thank you so much for organising all of this, very much appreciated. I’ve never spent 20 grand so easily! So, yes, next time I need to organise car finance I’ll definitely give you a call.

Kind regards,

S Squires, B.Sc.
Senior Sales Representative

“Lets Talk Finance”

If you need help with finance, give Nick Ivers a call from Platinum Direct Finance and talk Finance today.

Nick Ivers | Finance Consultant
02 8913 5703 | Fax 02 9436 0074 | Free 1300 554 553
nick.ivers@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Hi Sam,

Just a quick note to express my appreciation for the professional, accurate and courteous service I received upon my query regarding novated leases. Certainly a complex subject that you were able to simplify and explain in layman’s terms to me.

Thanks to your dedication I would not hesitate in sending other business your way.

Kind regards

S Flood

“Lets Talk Finance”

If you need help with finance, give Sam Marshman a call from Platinum Direct Finance and talk Finance today.

Sam Marshman | Finance Consultant
02 8913 5792 | Fax 02 9436 0074 | Free 1300 554 553
sam.marshman@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Hi Charlie,

I just wanted to say thank you for all your help you have made me very happy and I appreciate you being very attentive to my needs and answering my 1000 emails J

Hopefully we settle today so I just wanted to take the time to say thank you for making this possible for me and most importantly you made this easy for me, I thought it would be much more difficult. You’re a good man! Your worth more money. Tell your boss I said that.

Kindest Regards,

S Bautovic
Support Analyst

“Lets Talk Finance”

If you need help with finance, give Charlie Kessler a call from Platinum Direct Finance and talk Finance today.

Charlie Kessler | Finance Consultant
02 8913 5713 | Fax 02 9436 0074 | Free 1300 554 553
charlie.kessler@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Barb,

I would like to pass on some feedback on Excellent Customer Service which I experienced from Luke McIntyre this week. I had problems with my lease vehicle and Luke helped me with advice and payment assistance via the Aussie VIP Card to get the problem resolved quickly.
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Hi John,

I’ve picked up the car on Friday, and have already done my first drive to Canberra today – an incredibly enjoyable drive I may add.

I’m most grateful for your prompt response & fast turn around time, and I’ll have no hesitation in recommending your service to colleagues & friends.

Thanks again!

Antonia

“Lets Talk Finance”

If you need help with finance, give John Fowler a call from Platinum Direct Finance and talk Finance today.

John Fowler| Finance Consultant
02 8913 5705 | Fax 02 9436 0074 | Free 1300 554 553
john.fowler@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Dear John,

Thank you for your assistance in the matter of my car finance.

I appreciate your efficient and professional approach in your dealings with me and your excellent customer service.

Cheers

Bushan

“Lets Talk Finance”

If you need help with finance, give John Fowler a call from Platinum Direct Finance and talk Finance today.

John Fowler| Finance Consultant
02 8913 5705 | Fax 02 9436 0074 | Free 1300 554 553
john.fowler@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Hi John,

That’s great news. I was away yesterday.

I will be recommending you that’s for sure. You were able to help me.

I will pick up the car today.

Regards

C Rorison

“Lets Talk Finance”

If you need help with finance, give John Fowler a call from Platinum Direct Finance and talk Finance today.

John Fowler| Finance Consultant
02 8913 5705 | Fax 02 9436 0074 | Free 1300 554 553
john.fowler@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Hi Colin

I would like to tell you know about the great experience I have had while applying for finance through Platinum Direct Finance. Luke McIntyre took on my application for finance and I have found him to be a breath of fresh air. Read more »

Hi John,

Thank you so much for everything. It has been so easy and an absolute pleasure doing business with you. We will definitely be steering any of our friends your way if they ever need a new car.

Thank you again,
M Rose and R Anderson

“Lets Talk Finance”

If you need help with finance, give John Fowler a call from Platinum Direct Finance and talk Finance today.

John Fowler| Finance Consultant
02 8913 5705 | Fax 02 9436 0074 | Free 1300 554 553
john.fowler@pdfa.com.au | Mail P.O.Box 721, Crows Nest, NSW 2065

Hi Mike,

Your email was given to me at my insistence from Meaghan. I’m writing you this short note to complain… about the fact that I have trouble finding staff as good as Meaghan! Her customer service skills are nothing short of excellent.

I initially approached her about extended warranty insurance for my new car. We branched out into other areas and she provided excellent help and information with other products such as Novated Lease and comprehensive insurance. I’m a total dummy in these areas. I’d normally expect courteous, prompt and efficient attention from a consultant in these areas. But Meaghan certainly went well beyond just “normal” customer service.
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Ever been swept up by the moment and bought or signed a car loan contract you later regretted? It’s something we’re all susceptible to. In our business we see it most often with the purchase of cars.

Thrilled at the prospect of driving off in a new car many sign up to a “bad” financing agreement without bothering to check up on the car loan conditions.

Buoyed by the offer of a good interest rate, some purchasers seem to have come to the view that with a good rate, the remaining details of their loan package don’t matter too much.

Also there are those who believe that banks are all pretty much the same and so are their loan products.

Both these views couldn’t be further from the truth. For a start banks are different. They have different cost structures and different priorities which are often subject to change. These priorities and cost structures are reflected in their loan products.

Chances are you are constantly being bombarded by claims that the bank or car dealer has the best rate for you. But unless you receive quotes from a variety of lenders, how do you know that you have the best deal for your situation?

Now more than ever you need the advice of a specialist finance broker who can tell you which loan’s best for you, taking into account not just the interest rate but also your particular circumstances and the many critical factors that can make the difference between a “good” and “bad” loan.

“Lets Talk Finance”

Be assured our team is kept fully informed of the changes occurring in the industry in order to ensure they can help people through the complexities of today’s lending maze. We have access to all the best lenders in Australia and through our unique quoting software, we will provide you with multiple financier quotes saving you time and hassle of doing this yourself.

Give us a call on 1300 554 553 today.

What is debtor finance?

Debtor Finance, often referred to as Invoice Discounting, cash flow finance or factoring, is a way of raising working capital.

It allows a business to access cash usually tied up within its sales / receivables ledger.

Debtor Finance is a viable alternative to a traditional bank overdraft, normally available without the need to provide real estate as security.

How does debtor finance work?

Once a business has delivered its goods or service to its customers normally up to 80% of the value of the invoice can be available to the business to help fund its working capital requirements. The remaining 20% then becomes available once the invoices are paid.

What are the benefits of debtor finance?

• Why let your customers treat you as a bank! Don’t wait 60 or 90 days to get paid!
• Access to cash to help grow your business.
• Replace existing facilities that may restrict your businesses development.
• ‘Cash is King’- negotiate better rates from your suppliers.
• Move away from offering expensive early settlement discounts.
• Don’t tie up your personal assets (which could be working for you to increase your personal wealth) – Free up your real estate security!

Why use Platinum Cash flow?

• Range of debtor finance facilities suited to your business.
• Industry knowledge from a dedicated specialist sales team.
• Flexibility to arrange both confidential Invoice Discounting and disclosed factoring facilities.
• Access to additional funding lines for asset and property purchases.

Lets Talk Finance

If you are looking for Debtor Finance, give Platinum Direct Finance a call 02 8913 5721 and talk Debtor Finance with an experienced finance consultant.

The new car market posted a record May sales result with all vehicle segments performing strongly.

Official VFACTS data released by the Federal Chamber of Automotive Industries (FCAI) showed that 89,218 passenger cars, SUVs and commercial vehicles were sold in May, up 18.3 per cent (or 13,777 vehicles) on the same month in 2009.

The result beats the previous monthly record set in 2008 by 578 units.

All car sales increased during the month, demonstrating a genuine recovery in the marketplace.

The SUV segment again led the charge in May with an increase of 28.9 per cent; followed by passenger cars (up 19.4 per cent), light commercials (up 6.4 per cent) and then heavy commercials with a 3.7 per cent increase.

It also showed private buyers have returned in larger numbers during May (up 27.2%) taking over some of the momentum that business buyers have provided over the past year.

Toyota retained the top selling position in May with a market share of 20 per cent; followed by Holden with 12.8 per cent and then Ford with 10.1 per cent.

Year-to-date, 422,446 vehicles have been sold, an increase of 19.9 percent compared to the first five months of 2009.

Lets Talk Car Finance

If you are about to purchase a new car, give Platinum Direct Finance a call 1300 554 553 and talk Car Finance with an experienced finance consultant.

Buying a car will often be a necessity for you at some time or other in your life. However if you have a bad credit rating due to a past indiscretion, trying to borrow money, even through a novated lease, could be a challenge. Platinum Car Loans believes in giving people second chances and does give out bad credit car loans – ie: loans to people who have bad credit.

You have bad or poor credit if your borrowing record includes certain annotations such as a complaint from your phone company that you missed a phone payment, credit defaults or even bankruptcy. However, if you have changed your ways, we at Platinum Car Loans don’t believe you should constantly pay for your past mistakes.

It is true that bad credit car loans are charged at a slightly higher interest rate than normal rates because people who have bad credit are known to default on their loans more frequently than people with good credit. However, this at least allows you to get your new car without being left catching the bus because you have no other options.

In today’s entry, I’m going to explain a novated lease and the potential financial advantages for you if you buy your next car using a novated leasing arrangement. A novated lease is an arrangement between you, your employer and your finance provider. Your employer agrees to meet the vehicle payments and then takes the money out of your pre-tax dollars before then having the tax deducated and giving you the rest.

The big advantage with a novated lease is that you get to save money by buying your vehicle with pre-tax dollars rather that post tax dollars. Let me illustrate.

Assume you earn $1,000 per week before tax and your tax rate is 30%. Therefore, you would now take home $700. Now assume you pay $200 per week for your car. That leaves you with $500 per week for your other expenses.

Now assume that you buy the same car through a novated leasing arrangement. You still earn $1,000 per week and your employer would deduct the $200 car payment leaving you with now $800 of taxable income. Apply the 30% tax means that you now pay $240 tax (as opposed to $300 above) leaving you with $560 for your other expenses. In other words, buying your car through a novated lease rather than a conventional loan is equivalent to giving yourself a pay rise, in this example of over 10%. Nice! For those of us who are visual, I’ve included a table below to explain it.

So as you can see, by simply reversing the order of when you pay tax vs when you deduct your car payments (which is all a novated lease does), you can end up with the equivalent of a pay rise. In this example, the pay rise was over 10% without having to work any harder. Now you know why I’m such a fan of novated leases.

Please note: This is a summary of an AELA Advice only and is intended for general information purposes only, and should not be construed as professional advice. Readers should seek professional advice from their accountants.

Eligibility – 30% Investment Allowance:

1. Purchases of new and used, tangible depreciating assets used in carrying on a business.

2. Small businesses turning over $2 m per year or less – minimum cost price excl GST is $1,000.

3. Other businesses turning over $2 m per year or more – minimum cost price excl GST is $10,000.

4. Asset to be acquired between 13^th December 2008 and 30^th June 2009 and installed by 30^th June 2010.

5. Allowance is provided as an additional tax deduction. Clients claim 130% of the cost price with an outright 30% deduction claimable in the income year in which the asset is installed ready for use, and the remaining 100% over the effective life of the asset. Read more »

Up to 160 jobs will be lost after a Ford Credit Australia announced it is winding down part of its Australian operation.

The decision, which comes as the Australian car industry faces its worst sales performance in 30 years, means private car buyers will no longer be able to seek finance from the company, Fairfax reported on Thursday.

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Prime Minister Kevin Rudd says $4.7 billion will be spent across a range of transport, rail, roads and education infrastructure as part of the Government’s measures to keep growth and productivity strong as the global financial crisis continues to bite.

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Dear Sam,

This is a short note to display my gratitude towards Nick for a great deal he worked out for me – through some seemingly impossible odds.

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Hi John,

Thanks a bunch for the good news, have spoken to the dealership and will be able to pick it up today itself in time for the weekend. It should be noted that the whole process was quite seamlessly handled by yourself with constant feedback as to where we stood in the process.

Will definitely recommend Platinum Car Loans to others and looking forward to eventually doing business with yourself at a future date.

Thanks again

Regards Nishad

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John,
It was a pleasure to deal with you
I will for sure recommend you to family, friends and clients
Best regards
Victoria

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A Commercial Hire Purchase is generally suitable for businesses using the “accruals” method of accounting for GST, or for individuals who used their motor vehicle for business related purposes. Under the “accruals” method, the GST component of the purchase price of the motor vehicle (or other asset) can be claimed back on the next BAS, rather than claiming the GST over the term of the finance contract.

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Hi John

Thank you for assisting us with our application. it was great pleasure doing business with you. I and Abdul very satisfied with the service you have provided us in such a short time. We look forward again doing business with you in future.

All the best for CHRISTMAS AND A HAPPY NEW YEAR TO YOU AND ALL THE STAFF .

Abdul & Zureen

Our Car Finance Options

Platinum Car Loans offers you all the right car financing options, these include Novated Lease or Novated Leasing, Commercial Hire Purchase, Chattel Mortgage, Car Lease, Finance Lease, Novated Lease, Operating Lease and all Consumer Secured Car Loans.

A hire purchase arrangement is an agreement to purchase vehicles, plant or equipment subject to payment terms. During the term of the agreement, the Bank or Finance Provider owns the vehicle, plant or equipment. Ownership is automatically transferred to you when you make the final payment. You also have the option to purchase the equipment at any time during the term of the agreement.

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Hi Guys,

Had a client today, Easy auto.

Looking for $24k over five years for private use (secured loan)

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What is a novated lease? and how does a novated lease work?

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I’ve been advertising on carshowroom.com.au for the months of October, November and December. Im sponsoring the car finance section.

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What is an operating lease?

For those that use their car for business purposes the majority of the time, an operating lease may be the best leasing option. In an operating lease, the person leasing the vehicle makes their monthly lease payments, and, at the end of their lease terms, releases the vehicle back to the leasing company.

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A secured car loan is a loan that is backed by an asset, most often the car that you are purchasing. A secured loan is often the best choice when borrowing money for a car purchase. Because the car secures the loan, the borrower is able to arrange for a lower interest rate than in an unsecured loan. This lower interest rate will save you a great deal of money over the life of the loan.

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When shopping for a car, getting your loan pre approved is a way to make certain that you can afford the vehicle that you are looking at and avoiding disappointment later if you cannot get approved for a loan.

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This novated lease article was written by a ghost writter for me, its not bad but I havent published this novated lease article on my website.

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This article about a Finance Lease was written by a ghost writer for my website. I haven’t published this on my website platinumcarloans.com.au.

Finance Lease

Choosing an automotive financing option for your business can be difficult, as there are a number of options available to you. Though there are several vehicle purchase options available to you and your business, some of them may require you maintaining a shared ownership of your new fleet vehicles until the loan is paid off completely or may include other unfavorable terms. If you would prefer a much more straightforward financing option, you may want to consider taking out a standard finance lease. Read more »

Heres another article that the Ghost Writer wrote for me. I rate this about a 6/10 for a Commercial Hire Purchase article. I havent used this on my website.

Commercial Hire Purchase

Whether you’re wanting to purchase a single vehicle for your business or are wanting to expand your fleet, finding the best way to pay for your vehicle is important. While there are a number of ways to finance the purchase of a vehicle, one option for businesses that is often overlooked is to make a commercial hire purchase. In addition to making sure that you are able to afford the vehicle that you want, there are a number of advantages specific to commercial hire purchases that can help to make them the right option for your business.
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If anyone is interested out there, I had a Ghost Writer write this article on a Chattel Mortgage. I would give it a 6/10.

Chattel Mortgage

Purchasing a business vehicle presents you with a number of different options, with each having its own advantages and disadvantages. One form of business vehicle purchase that is sometimes overlooked is the chattel mortgage, which allows you to purchase your vehicle or other business equipment with a loan from the vehicle provider. There are a number of advantages to using a chattel mortgage over some other types of available financing, and for some business owners it may be the best option given their financial and vehicular needs. To find out whether a chattel mortgage is right for you and your business, the following information will show you all that you need to know.
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Payout your car finance early, the rule of 78 works for you. Payout your car finance later in the term, does it really make a difference using the rule of 78?

It is common for luxury car financiers in Australia to use the outdated “Rule of 78″ calculation when determining early payout amounts for clients. This method, discouraged by the ATO, penalises most early payout customers as it does not account for interest on an actuarial basis.
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KEVIN Rudd will forge ahead with a multi-billion-dollar car industry assistance package today, amid fears of further job losses and a downturn in the market, but he will warn manufacturers not to expect a blank cheque.

Focusing on fuel-efficient cars, the new stimulus package is expected to go beyond the $2.5 billion in extra funding previously flagged, significantly boosting the Government’s proposed green car innovation fund.

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The Mazda2 Neo is Mazda’s entry-level car, the lowest model the Japanese company offers. Despite its lowly status, the Neo is a sporty and stylish compact hatch. Mazda stepped away from the tall and boxy look for the Neo – opting instead for a sleeker, lower to the ground look.

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Being part of the Platinum Direct Finance group of companies, Platinum Car Loans will soon have access to the only bank car finance product with no payout penalties.

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It might be more convenient or easier to get car finance from the car dealer, but it may not be the best deal! Banks, credit unions and other financial institutions usually will be cheaper and more flexible.

If you sign anything at the dealership, it will probably be a contract of sale.

You may also sign a car loan application or car loan contract.

A contract is legally enforceable, so make sure you read it carefully before signing. Don’t sign unless you understand what you are signing and you’re certain that you’ll be buying the car. If in doubt, always seek further advice.

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What should I do? just a standard novated lease or a fully maintained novated lease?

There are many answers to this question which depends on your individual situation. To answer a question with a question; do you have a lot of business use for your vehicle?

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Commercial Hire Purchase is also referred to as a Hire Purchase, CHP, HP, Term Purchase, Asset Purchase, Corporate Hire Purchase.

This product is suitable for those customers who prefer the benefits of a term purchase contract, with or without a balloon payment and want to own the asset at the end of the term.

Both new and used vehicles can be financed with a Commercial Hire Purchase.
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