Loans For Cars :: Articles

10 Common Mistakes Australians Make When Financing Their Car

10 Common Mistakes Australians Make When Financing Their Car

10 Common Mistakes Australians Make When Financing Their Car
Car financing has become increasingly popular among Australians for a variety of reasons. For many, it offers the opportunity to own a vehicle without having to pay the entire purchase price upfront.

This can be particularly beneficial for those who need a reliable mode of transport but don't have the savings available to buy a car outright.

By spreading the cost over a series of monthly payments, more people can afford to drive the car they need to support their lifestyle and obligations.

The importance of understanding the car loan process

Understanding the car loan process is crucial before diving into financing a car. Not only does it help you make informed decisions, but it also allows you to anticipate any potential pitfalls.

This includes being aware of various interest rates, repayment terms, and additional fees that might apply. By thoroughly understanding the process, you can choose the best loan for your financial situation.

Doing so can also protect you from any unexpected costs or financial strain in the future.

Overview of common mistakes and their impact

Many Australians make common mistakes when it comes to car financing. For instance, some may overlook the long-term cost of a loan due to a focus on lower monthly payments.

Others might rush into a financing agreement without fully understanding the terms, leading to unexpected fees and higher interest rates. Additionally, failing to shop around for the best deal can result in paying more than necessary.

The impact of these mistakes can be significant, ranging from financial stress to paying thousands more than needed over the life of the loan.

Mistake 1: Not Shopping Around for the Best Rates

Why it's essential to compare different lenders

One of the biggest mistakes Australians can make when financing their car is not shopping around for the best rates. Different lenders offer varying interest rates, repayment terms, and fees. By comparing options, you can find a loan that suits your financial situation.

Taking the time to research can potentially save you thousands of dollars over the life of the loan.

How to find competitive interest rates

Finding competitive interest rates involves researching various lenders, including banks, credit unions, and specialist lenders. Look at the annual percentage rate (APR) and any additional fees associated with the loan.

It's also beneficial to check if the rates are fixed or variable, as this can affect your monthly payments. Comparing a variety of options will help you identify the most affordable and suitable loan for your needs.

Benefits of using comparison websites like Financial Services Online

Using comparison websites like Financial Services Online can simplify the process of finding the best car loan rates. These platforms allow you to compare multiple lenders side by side, helping you see the differences in interest rates, fees, and terms.

Such websites often provide tools and calculators to help you estimate monthly payments and the total cost of the loan. This can be instrumental in making an informed decision, ensuring you get the best deal possible.

Mistake 2: Ignoring Credit Score Importance

How your credit score affects loan approval and rates

Ignoring your credit score's importance can be a significant mistake when financing a car. Your credit score plays a crucial role in determining whether you're approved for a loan and what interest rates you'll be offered.

Lenders use your credit score to assess your creditworthiness. A higher score typically translates to lower interest rates and better loan terms, while a lower score can result in higher rates or even loan denial.

Understanding how your credit score impacts your loan options is essential for securing the best financing deal.

Steps to check and improve your credit score

To avoid the pitfalls associated with a low credit score, it's important to regularly check your credit report. You can access your credit report through major credit reporting agencies like Equifax, Experian, or illion.

If you find any errors, dispute them immediately to ensure your score accurately reflects your credit history. Additionally, work on improving your score by paying bills on time, reducing outstanding debts, and avoiding new credit inquiries.

Improving your credit score can take time, but it's a critical step towards better loan terms and interest rates.

Options for those with low credit scores

If you have a low credit score, don't despair. There are still options available to you. Some lenders specialize in offering loans to individuals with less-than-perfect credit. These specialist lenders might offer higher interest rates, but they provide an important service for those who need it.

You could also consider getting a co-signer for your loan. A co-signer with a strong credit score can improve your chances of approval and potentially secure better rates.

Exploring various loan options and working on improving your credit score over time can help you get more favourable car financing terms.

Mistake 3: Overlooking Hidden Fees and Charges

Common types of hidden fees in car loans

When financing a car, overlooking hidden fees and charges can lead to unpleasant surprises. Common hidden fees include application fees, origination fees, and early repayment penalties.

Other fees may include late payment charges, document fees, and various administrative costs. These fees can add up quickly and significantly increase the overall cost of your loan.

Being aware of these potential hidden charges is essential to avoid unexpected costs.

How to read the fine print and ask the right questions

To avoid hidden fees, it's essential to thoroughly read the fine print of your loan agreement. Ensure you understand all the terms and conditions, including any associated fees and charges.

Don't hesitate to ask your lender specific questions about each fee. For example, inquire about application fees, ongoing charges, and potential penalties for early repayment or late payments.

Being proactive in understanding and questioning fees can help you avoid costly surprises down the line.

Tools to calculate the true cost of a loan

To calculate the true cost of a car loan, consider using tools such as loan calculators available on financial websites. These calculators allow you to input various loan details to estimate your monthly payments and total loan cost.

Include all potential fees and charges in your calculations to get a more accurate picture of the loan's overall expense. Websites, such as ours, offer comprehensive tools to help you assess the true cost.

This careful analysis can save you from overpaying and ensure you make a well-informed decision.

Mistake 4: Financing for a Longer Term Than Needed

The downside of long-term car loans

Financing a car over a long term might seem appealing due to lower monthly payments, but it comes with significant downsides. One major drawback is the higher overall cost. Longer loan terms usually carry higher interest rates, meaning you'll end up paying more over the life of the loan.

Another issue is negative equity. With a long-term loan, your car may depreciate faster than you pay off your loan, leading to a situation where you owe more than the car is worth. This can create problems if you need to sell or trade in the vehicle before the loan is paid off.

Additionally, longer loans can tie you into a financial commitment that outlasts your interest in the car, making it difficult to switch vehicles as your needs change.

Balancing monthly payments with total loan cost

When choosing a loan term, it's important to balance your monthly affordability with the total cost of the loan. Opting for shorter terms usually means higher monthly payments, but it reduces the total interest paid over the course of the loan.

Conversely, while lower monthly payments on longer loans might seem budget-friendly, the extended interest can significantly increase the total loan cost. Carefully consider your financial situation and future plans before committing to a loan term.

Calculating the total cost of the loan can help you see the bigger picture and make a more informed decision.

Strategies for choosing the right loan term

To choose the right loan term, start by assessing your budget and financial goals. Calculate how much you can realistically afford to pay each month without stretching your finances too thin.

Next, compare different loan terms using online calculators to understand how each option affects the total cost. Shorter terms often save money in the long run, despite higher monthly payments.

Lastly, consider the depreciation rate of the car you are purchasing. Aim to pay off the loan before the car's value drops significantly to maintain positive equity. Consulting with a financial advisor can also provide personalized guidance tailored to your situation.

Mistake 5: Not Considering Total Ownership Costs

Factors Beyond the Monthly Payment: Insurance, Maintenance, etc.

When financing a car, many Australians make the mistake of focusing solely on the monthly payment, neglecting other significant costs associated with car ownership. These additional expenses can substantially impact your budget over time.

Insurance is a primary example; the cost of insuring a vehicle can vary significantly based on the car's make, model, and age, as well as your driving record. On top of insurance, regular maintenance and servicing are necessary to keep the vehicle running smoothly and safely.

Other costs to consider include registration fees, fuel, and any repairs that may be needed down the line. Overlooking these expenses can lead to financial strain as the cumulative costs add up.

How to Budget for Overall Car Ownership Costs

To avoid underestimating the cost of owning a car, it's essential to create a comprehensive budget that considers all potential expenses. Start by listing the known costs such as the monthly loan payment, insurance premiums, and annual registration fees.

Then, estimate your expected costs for regular maintenance, fuel, and any other routine expenses. It can be helpful to set aside a contingency fund for unexpected repairs and emergencies to ensure you're prepared for any surprise costs.

By including these elements in your budget, you can gain a clearer picture of the true cost of car ownership and avoid financial shortfalls.

Tips for Estimating the Total Cost of a Car

Estimating the total cost of owning a car involves more than just calculating the loan payments. Start with thorough research on the specific model you're interested in, looking into its fuel efficiency, typical insurance costs, and maintenance requirements.

Online calculators and tools can help you project these costs based on your driving habits and local fuel prices. Additionally, consider consulting with mechanics for insights on the long-term reliability and common issues of the model you’re considering.

Reading reviews and forums can also provide real-world experiences from other owners, helping you factor in any additional unexpected costs. Taking these steps ensures you have a comprehensive understanding of what you'll be committing to financially.

Mistake 6: Failing to Get Pre-Approved for a Loan

The Advantages of Loan Pre-Approval

Many Australians overlook the benefits of getting pre-approved for a car loan. Pre-approval offers several advantages, making the car buying process smoother and potentially more affordable. Firstly, pre-approval gives you a clear budget, helping you know exactly how much you can afford before you start car shopping.

Additionally, it can save time at the dealership, as you'll already have the financing aspect sorted. This can put you in a stronger negotiating position with sellers, enabling you to focus on the price of the car rather than the terms of the loan.

Moreover, pre-approval often results in more competitive interest rates since lenders see you as a lower risk. Overall, it simplifies the car purchasing experience and could save you money in the long run.

How to Apply for Pre-Approval

Applying for pre-approval is a straightforward process that can be done with most banks, credit unions, and specialist lenders. Start by gathering necessary documentation, such as proof of income, employment details, and any other financial information that might be required.

Next, complete the lender's pre-approval application, providing accurate details to ensure a smooth process. Many lenders offer online applications, making it convenient to apply from the comfort of your home.

Once submitted, the lender will review your application and perform a credit check. If approved, you'll receive a pre-approval letter stating the maximum loan amount and terms, giving you a clear budget for your car purchase.

What to Do if You're Denied Pre-Approval

If you're denied pre-approval, don't panic. It's important first to understand the reasons behind the denial. Common causes include a low credit score, insufficient income, or high existing debt levels.

Ask the lender for specific feedback, as this can guide you on what needs improvement. From there, take steps to address these issues, such as paying down existing debts or improving your credit score.

Additionally, consider exploring other lenders, as each lender has different criteria and risk assessments. Consulting with a financial advisor can also provide valuable insights and help you develop a plan to improve your chances of approval in the future.

Mistake 7: Putting Too Little or No Money Down

Why a Larger Down Payment Can Benefit You

One common mistake Australians make when financing a car is putting too little or no money down. A larger down payment can significantly benefit you in several ways. Firstly, it reduces the overall loan amount, which means you'll pay less interest over the life of the loan.

This can save you a considerable amount of money and make your monthly payments more manageable. Additionally, a substantial down payment can often result in lower interest rates because lenders view you as a lower risk.

It also provides you with immediate equity in the vehicle, reducing the risk of negative equity, where you owe more than the car is worth.

How to Determine a Suitable Down Payment Amount

Determining a suitable down payment amount is crucial for a healthy financial start to your car ownership. A good rule of thumb is to aim for at least 20% of the car's purchase price. This percentage helps to balance reducing the loan amount while keeping enough savings for other expenses.

To find the right amount for you, assess your budget and savings. Consider your other financial obligations and ensure you still have an emergency fund after making the down payment.

Using a car loan calculator can also help you see how different down payment amounts will affect your monthly payments and overall loan cost, enabling you to make a more informed decision.

Alternatives for Those Without Enough Savings for a Down Payment

If you don't have enough savings for a sizeable down payment, there are still options available to you. Firstly, consider delaying your car purchase to save up more money. Setting aside a small amount each month can add up quickly, getting you closer to a favorable down payment.

Another option is to trade in your current vehicle. The trade-in value can be used as part of your down payment, reducing the cash you need upfront. Additionally, some dealers and lenders offer special programs for low or no down payment financing. However, be cautious as these often come with higher interest rates and fees.

Exploring all your options and planning ahead can help ensure you make a financially sound decision when financing your car.

Mistake 8: Not Understanding Loan Contract Terms

Key Terms and Conditions to Look For in a Loan Contract

One major pitfall many Australians fall into is not thoroughly understanding the terms and conditions of their car loan contract. When reviewing your agreement, it's crucial to pay attention to several key elements.

First, scrutinise the interest rate and whether it is fixed or variable. Fixed rates remain constant, while variable rates can change over time, potentially affecting your monthly payments.

Also, check the loan term length and any associated fees, such as application fees, origination fees, and monthly account-keeping fees. Being aware of these terms can help you better understand the total cost of your loan.

Common Clauses That Could Impact You

In addition to basic terms, there are several common clauses that could significantly impact your financial situation. These include early repayment penalties, which can charge you extra if you decide to pay off your loan sooner than planned.

Another important clause is the late payment fee, penalising you for missing or delaying payments. Check for balloon payment clauses as well, which may require a large sum payment at the end of the loan term.

Understanding these clauses beforehand can help you avoid unexpected costs and ensure that the loan aligns with your financial capabilities.

Resources for Understanding Loan Terminology

If you find loan terminology confusing, don't worry; there are numerous resources available to help. Websites like Financial Services Online offer glossaries that explain common loan terms. These can be invaluable for deciphering complex jargon.

You might also consider consulting with a financial advisor who can provide personalised guidance and help you navigate your loan contract. Another useful resource is government websites that offer consumer advice and educational materials.

Taking advantage of these resources will empower you to make informed decisions and avoid the pitfalls of not fully understanding your loan contract.

Mistake 9: Focusing Only on Monthly Payments

Why lower monthly payments can be misleading

Focusing solely on monthly payments is a common trap many Australians fall into when financing a car. While lower monthly payments can seem attractive, they can be misleading and may not represent the true cost of the loan.

Often, lower payments result from longer loan terms, which means you'll be paying more interest over time. This can significantly increase the total cost of the loan, making it more expensive in the long run.

It’s important to understand that a lower monthly payment doesn’t necessarily equate to a more affordable car. Instead, it can mask the true impact of interest rates and additional costs.

The importance of considering the total loan cost

When financing a car, it's essential to consider the total loan cost rather than just the monthly payments. The total loan cost includes not only the interest but also any additional fees or charges associated with the loan.

Comparing the total cost gives you a clearer picture of what you'll ultimately pay over the life of the loan. This approach helps you avoid the financial pitfalls of agreeing to affordable monthly payments that come with a high overall expense.

Being aware of the total loan cost ensures that you make a more informed decision and secure a financing option that truly suits your financial situation.

Tips for striking a balance between payment and cost

Striking a balance between monthly payments and the total loan cost is key to a sound car financing strategy. Start by determining what you can realistically afford to pay each month without stretching your budget too thin. Use this figure as a guideline while considering loan options.

Next, look at the loan's interest rate and term length. Aim for the shortest term with monthly payments you can comfortably manage. Although this means higher monthly payments, it often results in a lower total cost due to reduced interest over time.

Finally, use online loan calculators to compare different scenarios and consult with financial advisors if needed. These steps can help you achieve a balanced, affordable car financing solution.

Mistake 10: Taking on More Debt Than You Can Handle

The Risks of Overextending Your Finances

Taking on more debt than you can handle is a common mistake that can lead to significant financial stress. Overextending your finances can result in an inability to meet monthly payments, causing late fees and negatively impacting your credit score.

Beyond immediate financial issues, carrying excessive debt can limit your ability to save for the future, invest in other areas, or respond to emergencies. This kind of financial strain often leads to a cycle of borrowing more to cover existing debts, creating a precarious financial situation that's hard to escape.

Therefore, it's crucial to only take on as much debt as your budget and long-term financial plans can comfortably accommodate.

How to Accurately Assess Your Budget

Accurately assessing your budget before committing to car financing is essential to avoid overextending yourself. Start by calculating your total monthly income and list all your essential expenses, such as housing, utilities, groceries, and existing debts.

Next, determine how much discretionary income you have left after covering these necessities. This will give you a realistic picture of how much you can afford to allocate towards car payments without straining your finances.

It's also beneficial to factor in savings goals and emergency funds. Having a clear and comprehensive budget helps ensure that taking on a car loan won't compromise your overall financial health.

Strategies for Managing Debt Responsibly

Managing debt responsibly involves a combination of careful planning, diligent tracking, and making informed decisions. One effective strategy is to prioritise paying off high-interest debts first, as this reduces the overall amount of interest you'll pay over time.

Additionally, consider consolidating debts where possible. Consolidation can simplify your payments and potentially lower interest rates. Setting up automatic payments can help ensure you never miss a due date, avoiding late fees and protecting your credit score.

Lastly, regularly review your budget and adjust as necessary, keeping an eye on your spending to ensure you remain within your means. These strategies collectively help maintain control over your financial situation, making debt management more manageable.

Conclusion

Recap of the Common Mistakes and How to Avoid Them

In summary, financing a car involves several potential pitfalls that can impact your financial health. Common mistakes include not shopping around for the best rates, ignoring the importance of your credit score, overlooking hidden fees, and financing for a longer term than needed.

Additionally, not considering the total ownership costs, failing to get pre-approved, putting too little money down, not understanding loan terms, focusing only on monthly payments, and taking on more debt than you can handle can lead to financial strain.

Avoiding these mistakes requires thorough research, understanding your financial situation, and making informed decisions at each step of the car financing process.

By avoiding these common mistakes, you can ensure that your car financing journey is smooth and financially sound. Take the time to understand your loan options, compare different lenders, and carefully read all terms and conditions.

Published: Wednesday, 12th Feb 2025
Author: Paige Estritori


Car Loans Articles

Loans for Cars: Finding the Best Financing Options Loans for Cars: Finding the Best Financing Options
The cost of buying a car is a major financial commitment, so it's important to consider all of your options before making a purchase. In this article, we look at some of the pros and cons of the most common car financing options, including leasing, hire purchase and paying cash, and what difference it makes whether you are buying a new or used vehicle. - read more
Leveraging Trade-In Values and Loans for an Australian Car Upgrade Leveraging Trade-In Values and Loans for an Australian Car Upgrade
For many Australians, a car is more than just a means of transportation; it's a symbol of freedom, a tool for exploration, and often, a reflection of personal style. With the auto market continually evolving, staying abreast of current trends is key for car buyers looking to upgrade. New models with advanced technology, improved fuel efficiency, and enhanced safety features enter the market each year, making the prospect of upgrading increasingly appealing. - read more
The Pros and Cons of Refinancing Your Car Loan The Pros and Cons of Refinancing Your Car Loan
Car loan refinancing involves taking out a new loan to pay off an existing car loan. This can be done with the same lender or a different one. The primary goal is often to secure better interest rates, alter the loan term, or reduce monthly payments. - read more
10 Common Mistakes Australians Make When Financing Their Car 10 Common Mistakes Australians Make When Financing Their Car
Car financing has become increasingly popular among Australians for a variety of reasons. For many, it offers the opportunity to own a vehicle without having to pay the entire purchase price upfront. - read more
Temporary Resident? Learn How You Can Qualify for an Australian Car Loan Temporary Resident? Learn How You Can Qualify for an Australian Car Loan
Welcome to your comprehensive guide on navigating the Australian car loan landscape as a temporary resident. Whether you're here for work, study, or leisure, having your own vehicle can vastly improve your time in Australia. However, securing a loan for a car might seem like a formidable task given your temporary status. That's where this article steps in—to enlighten and empower you in this financial journey. - read more
The Credit-Savvy Car Buyer’s Guide to Obtaining Affordable Insurance The Credit-Savvy Car Buyer’s Guide to Obtaining Affordable Insurance
Embarking on the journey of car ownership comes with its share of responsibilities, one of which is securing affordable insurance. Understanding the intricacies of insurance rates is central to managing this recurring expense effectively. Insurers take into account numerous factors when determining your premium, including but not limited to driving history, vehicle type, and geographic location. - read more
Understanding Specialist Lenders: The Secret to Better Car Loan Terms Understanding Specialist Lenders: The Secret to Better Car Loan Terms
Specialist lenders are financial institutions that offer tailored loan products to meet the unique needs of borrowers who may not be well-served by traditional banks. These lenders often have more flexible lending criteria and can accommodate a broader range of financial situations. - read more
Essential Guide for Australian First-Time Car Buyers Essential Guide for Australian First-Time Car Buyers
Welcome to your essential guide for Australian first-time car buyers! Whether you're dreaming of your first sleek, new vehicle or a reliable pre-owned car, buying a car for the first time is a big milestone and an exciting experience. - read more
Understanding Specialist Lenders: The Secret to Better Car Loan Terms Understanding Specialist Lenders: The Secret to Better Car Loan Terms
Specialist lenders are financial institutions that offer tailored loan products to meet the unique needs of borrowers who may not be well-served by traditional banks. These lenders often have more flexible lending criteria and can accommodate a broader range of financial situations. - read more
Temporary Resident? Learn How You Can Qualify for an Australian Car Loan Temporary Resident? Learn How You Can Qualify for an Australian Car Loan
Welcome to your comprehensive guide on navigating the Australian car loan landscape as a temporary resident. Whether you're here for work, study, or leisure, having your own vehicle can vastly improve your time in Australia. However, securing a loan for a car might seem like a formidable task given your temporary status. That's where this article steps in—to enlighten and empower you in this financial journey. - read more
10 Common Mistakes Australians Make When Financing Their Car 10 Common Mistakes Australians Make When Financing Their Car
Car financing has become increasingly popular among Australians for a variety of reasons. For many, it offers the opportunity to own a vehicle without having to pay the entire purchase price upfront. - read more
Your Ultimate Guide to Car Finance in Australia: Top Tips for Finding the Best Deals Your Ultimate Guide to Car Finance in Australia: Top Tips for Finding the Best Deals
Car finance in Australia presents a myriad of options for those looking to purchase a vehicle through a payment plan. Understanding how car finance works is crucial to navigating this complex landscape and finding a deal that aligns with your financial goals. From loans offered by banks and credit unions to dealer financing and specialised car finance companies, the choices are extensive. - read more
Self-Employed? Here's How You Can Qualify for a Car Loan in Australia Self-Employed? Here's How You Can Qualify for a Car Loan in Australia
Stepping into the world of self-employment can be a profoundly liberating experience, offering greater flexibility and the potential for financial independence. However, when it comes to securing finance for substantial purchases like a vehicle, self-employed individuals may face unique hurdles. Traditional lenders often favor those with a stable employment history and regular income statements, which can put the self-employed at a disadvantage. - read more
Why Australian Car Buyers Should Consider Pre-Approved Car Loans Why Australian Car Buyers Should Consider Pre-Approved Car Loans
Pre-approved car loans are financing arrangements where a lender evaluates your financial situation and determines an approved loan amount before you start shopping for a vehicle. This process provides buyers a clear understanding of their budget, which helps in making more informed decisions. - read more

Finance News

Unexpected Unemployment Data Sparks RBA Rate Cut Speculation Unexpected Unemployment Data Sparks RBA Rate Cut Speculation
21 Mar 2025: Paige Estritori

The latest labour market statistics from the Australian Bureau of Statistics (ABS) presented a mixed picture, despite initial promising indicators. Although the headline unemployment rate in February remained steady at 4.1% (or 4.05% considering unrounded figures), there was an unexpected decline in employment numbers. - read more
OECD Warns of Sluggish Australian Economic Growth Amid Global Trade Concerns OECD Warns of Sluggish Australian Economic Growth Amid Global Trade Concerns
18 Mar 2025: Paige Estritori

The Organisation for Economic Co-operation and Development (OECD) has issued a warning about a potential slowdown in Australia's economic growth over the next two years. This prediction comes against the backdrop of heightened global uncertainty, spurred by trade policies introduced by US President Donald Trump. The OECD projects Australia’s GDP to rise to 1.9% in 2025 but slip slightly to 1.8% in 2026, falling short of earlier expectations laid out in their December report. - read more
Sydney Leads Australia's Housing Market Resurgence Sydney Leads Australia's Housing Market Resurgence
17 Mar 2025: Paige Estritori

CoreLogic's latest preliminary auction results have revealed Sydney's dominant role in Australia's housing rebound, with an impressive clearance rate of 71.4%. This marks the sixth consecutive week that the auction clearance rate in Sydney has surpassed 70%. - read more
US Stock Decline Intensifies Amid Tariff Fears US Stock Decline Intensifies Amid Tariff Fears
12 Mar 2025: Paige Estritori

US stock markets faced a significant downturn on Tuesday, deepening a selloff not seen in months, fueled by investors' concerns over the latest round of tariff threats and their potential repercussions on the global economy. The S&P 500 reached a critical low, nearing a 10 per cent drop from its record high, reflecting growing market volatility amidst mixed updates on international trade tensions and geopolitical events. - read more
RBA Rate Cut Sparks Surge in Australian Consumer Confidence RBA Rate Cut Sparks Surge in Australian Consumer Confidence
12 Mar 2025: Paige Estritori

The Reserve Bank of Australia’s recent decision to reduce the official interest rate by 25 basis points to 4.1 per cent in February has invigorated consumer confidence, reaching a three-year high. The upswing in sentiment began in late 2024 but waned slightly over the holiday season. However, March data from the Westpac-Melbourne Institute consumer sentiment index indicates a recovery, driven by the RBA's interest rate cut and easing cost pressures. - read more
Star Entertainment Secures $940M Refinancing Amid Financial Struggles Star Entertainment Secures $940M Refinancing Amid Financial Struggles
11 Mar 2025: Paige Estritori

Star Entertainment Group has announced a crucial refinancing plan to address its significant debt obligations. The casino operator has forged an exclusivity and process deed with Salter Brothers Capital, signalling a potential $940 million refinancing initiative. This move, if successful, would allow Star to manage its existing debt portfolio effectively and ease the liquidity pressures it currently faces. - read more
FAAA Calls for ASIC Investigation Overhaul: A Demand for Transparency and Accountability FAAA Calls for ASIC Investigation Overhaul: A Demand for Transparency and Accountability
11 Mar 2025: Paige Estritori

In a recent submission to the Treasury, the Financial Advice Association Australia (FAAA) has pressed for the Australian Securities and Investments Commission (ASIC) to adopt a more comprehensive approach when investigating financial service complaints. The FAAA has underscored the need for ASIC to expand its investigation purview beyond individual client files to scrutinize the entire financial services value chain, particularly in instances of significant consumer harm. - read more

Start Here !
life insurance
Apply now for your free Insurance assessment and price comparisons!

Life Cover Amount:
Your Postcode:
All quotes are provided free and without obligation. We respect your privacy.
Need A Car Loan Right Now?
Compare Car Loan rates & options to secure the best finance offers from our broad network of leading Australian car finance brokers & specialist lenders. Fast, free … and without accessing or affecting your credit file!

 START HERE.

Loan Amount:
Postcode:
Your quotes are provided free & without obligation. We respect your privacy.
Compare Car Loan rates & options to secure the best finance offers from a broad selection of Australia`s leading car finance brokers & specialist lenders. Fast, free … and without accessing or affecting your credit file!

Knowledgebase
Loan-to-Value Ratio (LTV):
A ratio that compares the value of the loan to the market value of the property securing the loan.