There are several different consumer loans available in the market today, so it’s very important to choose the right one that best suits your individual needs.

At Money Online we have the best resources and staff to take you through the process to ensure the correct loan is selected. Frequency of repayment, term of loan, repayment amounts and flexible terms are all important considerations when selecting the right loan for you.

With this in mind when it comes time to choose a loan, Money Online can give you all the options so you can make a calculated decision.  

The purchase of the family vehicle is with out doubt in many cases the second biggest purchase one will make, so it goes without saying that most of us don’t have the funds upfront to pay cash for a vehicle purchase.

With this in mind finance is often a more advantageous way to obtain that new vehicle. Monthly, weekly or fortnightly repayments can be budgeted into the families spending capabilities, without draining cash reserves that may need to be called upon for a ‘rainy day’.

The best news is that once we gain approval and the loan is settled, repayments and the interest rate remain the same enabling easy budgeting for the entire family.

To get an idea of repayments simply drop us an email and we’ll be more than happy to help. It’s often a good idea to send a contact number along with the email so we can speak to you if we need to ascertain any other information prior to giving you a quote.  

Factors to consider prior to financing your next business purchase.

There are a myriad of factors to consider prior to taking out finance for a business use vehicle, and it’s very important to ensure you are dealing with people who understand your business and exactly what you wish to achieve. Money Online’s commercial loans department are fully qualified to assist with your business finance requirements and you will no doubt find our staff, facilities and resources a powerful business ally.

Both Money Online and our linked credit provider believe the following factors need to be considered prior to entering any business vehicle loan:

• What are my growth plans and staff needs?
• Is the vehicle important to the image I wish to portray to my clients?
• Will the vehicle help me generate more business and income?
• What tax benefits result under different financing options?
• Is convenience of having a new or near new, reliable, low maintenance vehicle an important consideration?
• Do I need to preserve my valuable cash resources?
• What types of business finance options are available?

In our experience the following three types of financial agreements would be the main types available for business:

• Commercial Lease
• Asset Purchase (known as Commercial Hire Purchase)
• Commercial Loan / Chattel Mortgage

The above products are all effective in financing vehicles for business use. Money Online strongly suggests that prior to settling on a certain product that you seek your accountant’s opinion as it is on they who intimately know your business. There are many advantages of financing your vehicle some of which are listed below:

• Retention of valuable working capital
• The more you finance the less your cash resources are depleted.
• Your business should enjoy certain tax consideration if you finance your vehicle.
• Budgeting and cash flow projection are often made much easier with a specified weekly, fortnightly and monthly repayment.
• Payment options and payment frequency can be tailored to suit your specific needs.