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Carol from Vista Financial

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Everything posted by Carol from Vista Financial

  1. Carol from Vista Financial

    RBA cash rate decision 2 October 2018

    Hi all Bit behind the 8 ball and catching up on some posts after a few busy weeks. A lot happening in the mortgage market with rate moves, refinance offers, lending policy changes, the Banking Royal Commission interim report released and more! First things first - the RBA. Last week to no ones surprise the RBA left rates on hold again: "In Australia, money-market interest rates are higher than they were at the start of the year, although they have declined since the end of June. In response, some lenders have increased their standard variable mortgage rates by small amounts, while at the same time reducing mortgage rates for some new loans. ...Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low. Growth in credit extended to owner-occupiers remains robust, but demand by investors has slowed noticeably as the dynamics of the housing market have changed. Credit conditions are tighter than they have been for some time, although mortgage rates remain low and there is strong competition for borrowers of high credit quality." Full release can be read here More on the rest soon, watch this space!
  2. So late yesterday (after I finished my other post, naturally) Westpac announced it will be increasing rates by 0.14% p.a. quoting increased wholesale funding: In particular the bank bill swap rate, which is a key wholesale funding rate for mortgages, increased by about 25 basis points between February and March this year and has remained elevated. “We initially hoped that this increase would be temporary, and therefore we have incurred these costs over the last six months. The rate changes announced today will not recover these costs..." - Official Westpac Media Release, 29 August 2018 I.e we didn't increase them then, but we are now, and not by the full amount needed cover costs. Interpret that as you may. So the big question is when/if this will cause a domino effect with the other big banks? There have been rises in smaller banks but none of the big four, perhaps due to the target already firmly on their backs as a result of the Royal Commission. Will they follow suit hoping that Westpac will take the first wave of anger and disapproval? Or will they stand fast in an effort to claw back a little customer sentiment? (Along with some nicely crafted marketing giving themselves a cheeky gold star of course). No doubt we will find out shortly. Bottom line, the only real way to guarantee your rate and repayment is to be on a fixed rate, but they come with restrictions - so do you homework first to see if it is right for you. As I have already mentioned elsewhere rates are so low at the moment that when they eventually go up again it will be a shock to the system for many that have only ever known low rate environments. So prepare yourselves. Those of the era of double-digit interest rates know what I mean. The RBA knows it too and have flagged rising rates as something to prepare for. Some economists now argue this recent move by Westpac (and potentially by others) may now delay any increase decisions by the RBA. Time will tell.
  3. Carol from Vista Financial

    Westpac rates increasing... will the others follow suit?

    Sadly, more often then not the little man does get trampled @scooterdan! Other lenders have actually also increased rates, but due to the sheer market share of the Big 4 they do certainly take the spotlight, particularly in conjunction with annual profit announcements, albeit lower than they were hoping for. Seems NAB are taking advantage of the situation here though... As you may have heard already there has been no move by NAB to increase their rates - their media statement saying they are holding them for now in an effort to 'rebuild customer loyalty'. Is this the case or are they just being opportunistic in an effort to capture market share? If they do eventually move rates to account for increased funding costs like the others, are they merely setting themselves up for a bigger fall from a moral high ground? I think their marketing team will have to prove their worth and really pull a rabbit out the hat if/when they do increase them.
  4. Carol from Vista Financial

    Westpac rates increasing... will the others follow suit?

    ANZ increases their rates first, CBA follows a few minutes later CBA increase by 0.15% ANZ increase by 0.16% You can read their media releases here: CBA announcement ANZ announcement (note here they have advised that those people living in postcodes they have deemed as drought affected will also have an equivalent increase in a discount - which means they don't escape the base rate rise, but are given a discount of the same 0.16% so they aren't impacted) No word on NAB just yet.
  5. Hello all! To celebrate the occasion of the upcoming end of the work week I would like to share some great mortgage rates and special offers from the various lenders we deal with. I will try keep you updated when things change, so check back to the end of the last post for the most up to date offers. Here are the current standout offers from our panel of lenders: First home buyers special 3.79% 3 year fixed principal and interest (owner occupied) Investment property 3.99% 2 year fixed principal and interest $2,000 refinance cash back offer Important: these are separate offers not in conjunction with each other and are subject to meeting lender terms and conditions. If you have any questions just ask.
  6. Carol from Vista Financial

    Current mortgage rates and special offers

    Happy Thursday everyone! Apologies I didn't get a chance to post yesterday, got caught up in a few calculations from people wanting to vote with their feet and move banks. Have you thought of sacking your bank? I am a coffee addict, and if the barista gets it wrong, I sack them. I go somewhere else. I sadly throw my loyalty card in the bin and get mad that they didn't reward me as an existing loyal customer. Then I move on and start fresh somewhere else where they don't burn the milk and value the outrageous $4-something that I fork out for someone else to make my caffeine fix in the mornings. Why is it we don't think the same way with something that costs us hundreds per month? Why don't we shop around? Because it is too hard, and takes too much effort, and no one likes paperwork. So off it goes into the too hard basket to sit indefinitely next to cleaning-out-the-spare-room. But yet we will invest the time to shop around for clothes, food, shoes, coffee, you name it. Why is this relevant today? Because unless you choose to truly - thoroughly - investigate your options other than glance at the specials I put up weekly, you won't actually know the potential savings out there. Inaction is still a choice, so invest the time to do the sums yourself, or get someone else to. Despite Westpac, Suncorp and Adelaide Bank increasing their rates and other banks reducing their rates to try capture those annoyed clients serious about moving, all the above offers I have mentioned still remain the same, and have not actually changed. Why? Because lenders rely on your inaction. They rely on the fact that despite public uproar, Royal Commissions and disappointment, the majority still do nothing and stay where they are. So why would need to keep winning your business? They don't need to. Because if the vast majority of their existing clients don't actually jump up and leave, why would they have to reward loyalty and incite any true competition? I can't count the number of times that clients have tried and tried to get a better deal with their existing lender, get nowhere, go through the process of getting a refinance approved, only to finally have their bank call them when they receive a mortgage discharge request and offer them exactly what they have been asking for all along. "Hang on, you're actually going leave? Oh, don't do that, here, have this, we still love you". To top it off, many clients then end up staying! And I can understand this, they got what they wanted. But so did the bank. They leave it to the absolute last minute, call your bluff, and only then concede a tiny fraction of their overall profit at the eleventh hour to keep you after all. Does this sound like a lender that truly values your loyalty? Don't kid yourself. We are not special to them. But if we continue this cycle, there is no reason for them to change their behaviour. So do your homework, don't choose inaction. Do some sums here as a starting point. There's more to it than that, but it's a start. It could well be that you won't benefit at all, and that is fine! At least you checked! And at the end of the day if you can't be bothered, take it out of the too-hard-basket and ask me to do it, it's my job. Until next time.
  7. No change again, rate remains on hold: "Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low. Housing credit growth has declined to an annual rate of 5½ per cent. This is largely due to reduced demand by investors as the dynamics of the housing market have changed. Lending standards are also tighter than they were a few years ago, partly reflecting APRA's earlier supervisory measures to help contain the build-up of risk in household balance sheets. There is competition for borrowers of high credit quality." - Statement by Philip Lowe, Governor: Monetary Policy Decision, 4th September 2018 But as we can see from this past week, this is only one factor used by lenders in determining whether or not to move on rates. Is it to cover cost of wholesale funding or to recoup upcoming fees for civil penalties? Watch this space. Full release by RBA available here.
  8. Westpac admits to breaching responsible lending obligations and now up for a $35 million civil penalty: "If approved by the Federal Court, this will represent the largest civil penalty awarded under the National Credit Act." - recent ASIC media release today 4th September 2018 Read the full ASIC media release here.
  9. Carol from Vista Financial

    Westpac rates increasing... will the others follow suit?

    Well. That didn't take long. Not the other big four though....yet. Adelaide Bank and Suncorp have jumped on the bandwagon and announced further rate increases today: "Suncorp will increase all variable home loan rates by 0.17 percentage points from September 14. Suncorp's small business loans will rise by 0.1 percentage points. Adelaide Bank, a subsidiary of the Bendigo and Adelaide Bank, will raise rates on its owner-occupier and investor loans by between 0.12 and 0.4 percentage points." Challenging market and cost of funding still quoted: https://www.afr.com/business/banking-and-finance/adelaide-bank-blames-challenging-market-for-raising-variable-rates-by-12bp-20180830-h14rhc The day is not over yet....
  10. Carol from Vista Financial

    Current mortgage rates and special offers

    Good morning internet. Quiet on the front here in terms of rates and mortgage offers but the biggest thing that may actually determine who you prefer as a lender may be their credit criteria. Rate isn't everything! Lending criteria can be a critical factor in your decision, and it has tightened significantly across the board over the last couple of years. Just yesterday I came across an reminder of exactly how much has changed. Same applicant, same income, same circumstances, fast forward two years to today and using the exactly same details as their original application two years ago , they would be declined the loan they have today! This is for owner occupied property, so put aside the extra complexities associated with investment properties. This is purely and simply a demonstration of the banks pulling the purse strings tighter. If this means extra protection for those seeking credit, fair enough. But that doesn't make the pill easier to swallow. It's not you, it's me. Sincerely, Banks. The applicant has not done anything wrong here - it is an environmental and regulatory change. They have a healthy deposit and only one small credit card, and yet the same application put through today would simply not meet the banks lending criteria. This is the case for many people, the majority of which won't even realise until they try to apply for a new loan and receive a rude awakening. Nobody likes rejection, but just know this isn't personal. Now this doesn't automatically mean that the first original approval was 'wrong', it simply means times have changed and we must adjust our expectations. (On the flip side of course obviously in some instances perhaps the approvals were 'wrong' and have put people at risk of hardship, hence the tightening of lending criteria in the first place!) What now? So, what is the solution? Seek a lender that caters for your circumstance. But be honest, because the rules are there to protect you, as annoying as they may be. In this particular instance it was a case of choosing a lender that accepts the spouse's income, that would not necessarily be accepted by others. The bank accepts the extra income, affordability increases, and there you have it, a stronger application. No, it may not be the lowest of low rate lenders - because if they accept extra risk in their policies, they may mitigate that risk with a higher rate. But it makes for a stronger likelihood of approval, and you aren't in a position to wait (or ever) tick the boxes of the bees knees lender, this may be your trade off. Rate isn't everything. The bottom line At the end of the day, and most importantly, if it doesn't work, sometimes it just doesn't work. If you can't meet affordability criteria, this is a great big red flag to tell you that maybe today's not the day. Be frustrated and annoyed. Then accept it, dust yourself off and don't lose hope. Re-assess where you are now and where you need to be, and make a plan to get there. Before you know it you will be in better position to apply and frankly this may be the best thing for you anyway. Thanks for reading, until next time Carol
  11. Carol from Vista Financial

    Current mortgage rates and special offers

    Good afternoon everyone! Sun is shining today in Adelaide who'd have thought!? All above offers are current for now. There are whispers of rate rises (clearly independent of any RBA cash rate moves) but no one can ever be sure if this will actually happen or not. Crystal ball question. So if you are considering fixing you loan, base the decision around whether you want the certainty of your repayments or not, and seek professional advice. This is only one aspect and there are other factors you need to consider before making this decision to make sure you are not shooting yourself in the foot now, or in the future. Make your decisions around your own circumstances and the things you can control. Otherwise you are setting yourself up for disappointment. If you have done you due diligence and made your decision, then ask your current bank for some options. Here are some offers out there - see if they will match them. If they don't come to the party, maybe it is time to see if moving would benefit you. - First home buyers only 2 year fixed 3.69% principal and interest - 4 year fixed owner occupied 3.92% principal and interest Important: as always these are separate offers not in conjunction with each other and are subject to meeting lender terms and conditions. Ask away if you have any questions
  12. Carol from Vista Financial

    Current mortgage rates and special offers

    Happy hump day... is anyone else finding this week dragging on!? Here is the round up today - all above offers remain current for now: - 3.97% investment principal and interest (construction available) - Owner occupied home loan linked to the RBA cash rate. How does this last one work? With this product the interest rate is the sum of the cash rate at the time plus a fixed margin set by the lender. Thus if the cash rate set by the RBA moves so does your rate, but the set margin of the bank remains the same. Quite a unique product. (NB: only available for owner occupied variable under 80%). Important: these are separate offers not in conjunction with each other and are subject to meeting lender terms and conditions. Have a great day all
  13. Carol from Vista Financial

    Current mortgage rates and special offers

    Good morning! ? Short and sweet today. - 3.95% 2 year fixed principal and interest investment (slightly lower than another offer mentioned above) Important: this is a separate offer not in conjunction with any others stated previously and are subject to meeting lender terms and conditions. All the above offers remain current for now. If anything exciting pops up I will let you know. Countdown is on for the weekend!
  14. Carol from Vista Financial

    RBA cash rate decision 7 August 2018

    Low and behold, at its meeting today, the Board decided to leave the cash rate unchanged again at 1.50 per cent. Some interesting parts of the media release, or you can read the full version here: "In Australia, money-market interest rates are higher than they were at the start of the year, although they have declined somewhat since the end of June. These higher money-market rates have not fed through into higher interest rates on retail deposits. Some lenders have increased mortgage rates by small amounts, although the average mortgage rate paid is lower than a year ago." Indeed, some lenders have started to creep up mortgage rates slightly quoting higher costs - the true reasons for doing so is anyone's guess, as they are unfortunately able to alter rates independently of any RBA decision. An old abandoned interest earning account is still at 0.01%, however. "Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low. Housing credit growth has declined to an annual rate of 5½ per cent. This is largely due to reduced demand by investors as the dynamics of the housing market have changed. Lending standards are also tighter than they were a few years ago, partly reflecting APRA's earlier supervisory measures to help contain the build-up of risk in household balance sheets. There is competition for borrowers of high credit quality." Tightening in lending criteria is certainly evident as the industry rushes to ensure compliance as auditors and regulators get the fine tooth comb out. Quite heavy in the investment lending side of things yes, but for owner occupiers or those moving into investment properties, be prepared to show the bank proof that you actually live there. A few lenders have started to enforce this for any product switches; what suffices for evidence varies between lenders. Speaking of big brother, keep an eye out for random acts of 'kindness' from your super company as Round 5 hearings of the Royal Commission looks at the super industry. What a pleasant surprise that my super company refunded me some administration fees they 'accidentally' charged... "Sorry we robbed you - here, have it back". And last but not least from the RBA media release: "One continuing source of uncertainty is the outlook for household consumption. Household income has been growing slowly and debt levels are high. The drought has led to difficult conditions in parts of the farm sector." The impact of drought or any other financial hardship can be massive on those families affected by it. When you are scraping for pennies everything else is also just that little bit harder. If you are affected by drought or struggling with money call your bank and ask to speak to the Hardships Team. Every lender has one - ask how they can help. Or, call the National Debt Hotline 1800 007 007 or research your options - Money Smart has some great information here. And of course, please look after your health, mental and physical. If you or someone you know is struggling financially it is ok to ask for help. https://www.lifeline.org.au/get-help/topics/financial-problems
  15. Carol from Vista Financial

    Current mortgage rates and special offers

    Good morning world. Thank goodness for emails, forums and typing. I have had laryngitis and unable to talk since Friday night! Please yell and shout so I can live vicariously through you. So, update: - $1,250 bonus for new home loans from one lender - Apply between 23 July 2018 and 2 December 2018, be approved and draw down by 1 March 2019. Important: this is a separate offer not in conjunction with any others stated previously and are subject to meeting lender terms and conditions. That is about it. Things have begun to slow down in the specials department at the moment, all of the above offers aforementioned remain current. I expect to see another surge come spring as marketing teams have more fun with flowers ? Banks are also recovering after EOFY. Until next week.... ?
  16. Carol from Vista Financial

    Current mortgage rates and special offers

    Hello hello I am back! Thanks @The Pom Queen Darwin was nice and toasty and Kakadu was lovely (except for all the mozzies!!). Back in little old Adelaide now, home sweet home. We had a noisy Christmas in July with my nephews and nieces so some quiet down time is on the cards for this weekend! Here are some updates while I have been away: - 3.99% 3 year fixed investment interest only - 3.99% variable investment principal and interest (introductory rate for first 2 years) - 3.59% variable owner occupied (introductory rate for first 2 years) Important: these are separate offers not in conjunction with each other and are subject to meeting lender terms and conditions. Keep in mind these last two offers are intro rates only. I don't normally like them for a reason but for some they may be attractive. In a nutshell they are honeymoon rates and the revert rate is normally higher (by a fair bit) and overall they may not be cheaper over the full life of the loan. Some people only consider them if they like refinancing often or are easing into home loan repayments and want a bit of breathing space to begin with.... but always review it before you sign the contract and think ahead - two years is not long in the life of a mortgage. Read the fine print for any exit fees or clauses. MoneySmart is a great resource run by ASIC and one of my go-to websites, read more about different rate types here. You can also check out our handy honeymoon rate calculator to see the true cost and savings associated with honeymoon rate here. Research before you sign anything. On another note, some lenders have started to increase rates, review yours today while they are still low - if you can secure a set discount off the normal variable rate your discount usually applies for the life of the loan, so now is a good time to ask.... they will not offer! Have a great day ?
  17. Carol from Vista Financial

    Current mortgage rates and special offers

    Good morning, we're halfway there! Happy Friday Eve Eve. Here are some offers from our panel of lenders: - 3.98% 5 year fixed owner occupied principal and interest - First time buyers - up to 40% off selected Samsung products (from Samsung store) and $500 cashback if you spend $500 or more - 500,000 Velocity Frequent Flyer Points for home loans $1m and over - that's a return trip for two back to The Motherland (plus taxes - can't escape those!) All the above offers are still valid. Important: these are separate offers not in conjunction with each other and are subject to meeting lender terms and conditions. Thanks all, please note I am jet-setting to Darwin to have Christmas in July with my family this weekend ? My next update will not be until I am back on the 25th July. If you have any questions I will get back to you as soon as I can otherwise @Andrew from Vista Financial may be able to help too. Don't miss me too much!
  18. Carol from Vista Financial

    Current mortgage rates and special offers

    Hello to all forum lurkers! Special shout out to you today! ? Here are some offers and other special policies from our lender panel that may be of interest: - 1 year fixed 3.58% owner occupied principal and interest - Fixed rate loan with 100% offset available - owner occupied or investment (normally fixed rates are not eligible for offset accounts, this lender allows it which is quite rare) - Maximum Loan to Value ratio of 98% including lenders mortgage insurance for owner occupied purchase (most lenders keep it under 95% these days) Important: these are separate offers not in conjunction with each other and are subject to meeting lender terms and conditions. Have a great day all
  19. Carol from Vista Financial

    RBA cash rate decision 3 July 2018

    On hold again! "Nationwide measures of housing prices are little changed over the past six months. Conditions in the Sydney and Melbourne housing markets have eased, with prices declining in both markets. Housing credit growth has declined, with investor demand having slowed noticeably. Lending standards are tighter than they were a few years ago, with APRA's supervisory measures helping to contain the build-up of risk in household balance sheets. Some further tightening of lending standards by banks is possible, although the average mortgage interest rate on outstanding loans has been declining for some time." - Media release Statement by Philip Lowe, Governor: Monetary Policy Decision accessed 4 July 2018 Read the full release here: https://www.rba.gov.au/media-releases/2018/mr-18-16.html
  20. Carol from Vista Financial

    EOFY and interest only mortgages

    Here are a few points I wanted to make today in the mortgage space. EOFY End of financial year is the busiest and most stressful time in the financial world so if you have purchased property and waiting to settle make sure you have discussed adequate time frames with your lender/broker/conveyancer as things may be slower than usual. If you planned to settle before 1 July and have settlement is not already booked in it is unlikely to happen - so check! If you hope to settle just after EOFY, keep in mind any credit assessors will have a backlog of files to look at that they have pushed back so again, check to see you have been given realistic time frames. Interest only periods This topic is relevant at any time of the year. Many people will be shortly coming up to the end of their approved interest only periods, particularly on investment loans (if you have interest only on owner occupied, that is very rare these days!). It will be harder to extend or be granted new interest only periods than when you first applied, so be prepared and don't leave it until the last minute! Once upon a time you could have asked for up to 15 years interest only on investment properties... Had 10 and finishing? Well, back in the day it would be a quick call to the bank and here you go, here's another 5 years to keep you going. Sign on the dotted line, done. Gone are those days. If you have an interest only period then you need to be able to demonstrate you can repay the full debt, principal and interest, in the remaining term after your proposed interest only period expires (e.g. if you have 5 years interest only, can you repay the higher minimum payments required to pay the debt back to the bank over the 25 years left?). The funny thing, is that this requirement is just plain responsible lending, so is actually nothing new to the industry! A prudent lender/broker/banker should always ensure you are able to pay your debts without financial difficulty, now or in the future. Lenders are being more thorough in actually verifying this information now (that should always have been doing) since financial services regulator APRA (the Australian Prudential Regulation Authority) started putting their foot down by tightening requirements to evidence serviceability and by setting a speed limit on investor lending growth in 2014. This was in light of high levels of household debt, low interest rates and concerns over an overheating property market, particularly in Sydney and Melbourne. Banks steadily increased their rates on interest only as an incentive for people to switch to principal and interest (amongst other things some may say), the Banking Royal Commission brought further concerns out into the open, and here we are today. (There is a lot more to this story, but I that is for another post!) APRA has recently dialed back on its investor cap policy but overall the responsibility of lenders, brokers and bankers alike remains now highlighted- make sure people can afford what they are doing. It does not matter what role you are in or who you work for, it comes down to the integrity of the individual to be a responsible lender and to do the right thing. If you want to understand more about the interest only story, RBA's Assistant Governor (Financial Markets) Christopher Kent spoke to the Housing Industry Association in April this year, and his speech covers off a lot of aspects nicely. What you need to do No matter what rules are in place, what checks are made or what you are told you can afford on paper, you need to be sure you can afford to repay your debt and you are comfortable with how much your repayments are. Check your options with your lender well before the end of your interest only period as the conversion to paying principal and interest can be a rude awakening! If you can't afford them, options include requesting a lower interest rate to reduce overall repayments, or refinancing or requesting a loan term extension so you have more time to repay at lower repayments per month. Reach out and ask for help to navigate your options. It is tax time, and we all know sometimes this is the only time we speak to an accountant! So when you meet with them for your tax return, also ask them if having interest only on investment property loans is still a suitable strategy for you. Interest rates are a lot higher and things in your personal circumstance may be a lot different to when you first set up your loan(s) so make sure the structures in place are still relevant to you now.
  21. Carol from Vista Financial

    Current mortgage rates and special offers

    Good morning all! Half way through the week and the sun is out! This week's offers from our panel of lenders: - up to $1,000 rebate of conveyancing costs for first home buyers - 4.09% variable investment principal and interest Important: these are separate offers not in conjunction with each other and are subject to meeting lender terms and conditions. Previous specials are still applicable, but take note that some lenders are starting to end their specials on refinance cash back offers.
  22. Carol from Vista Financial

    Current mortgage rates and special offers

    It is that time of the week again! I have my sights set on Friday ? One of the lenders on our panel have their sights set on frequent flyer points, with others focusing on sharp rates: Here are some standout offers this week from our panel of lenders: 200,000 Velocity frequent flyer points for new loans of $250,000 or more (owner occupied or investment) 3.64% variable owner occupied 4.19% 3 year fixed investment property interest only Important: these are separate offers not in conjunction with each other and are subject to meeting lender terms and conditions. The specials from my previous post are still applicable, if you have something specific you are after, just ask.
  23. Carol from Vista Financial

    Feeling overwhelmed!

    Hi @Thirlbs Not sure if you got an answer to this already yet so thought I might try help? I can't comment on the car loan/deposit bank account side of things but can comment on credit scores when it comes to mortgages and in general. First thing to note is that nothing from your UK credit score will carry over as far as I am aware but that may not necessarily impact your ability to seek credit - we have had some clients purchase houses within a matter of weeks of arriving, it all comes down to the lending criteria. It may well be different with car loans but regardless I would suggest at least contacting a few lenders and asking about their lending criteria before ruling out this option completely as you won't know unless you ask. Some lenders put more emphasis on credit scores than others and sometimes it is a case of explaining why you don't have one yet, and just arriving in Australia is a pretty good reason! They will also look at your employment and other aspects as well so hopefully they may consider your case on an overall basis, and not just focus on your credit score (or lack thereof). Be careful of car yards as there is a bit of a loophole in legislation that allows them to sell car finance options without being fully accredited so it is easy to get ripped off, especially when they don't disclose their commissions (they sometimes add it into your repayment without telling you!). As you will be working for SA Health you may also be given information about their salary sacrifice company who offer car loans/leases. I won't name them here, but again just be careful as the way information is displayed can look very attractive but in reality the repayments can be high due to a not very nice interest rate by a lender that they specifically partner with. If you go down this path you can still choose the salary sacrifice option and choose a different financier (hopefully with a lower rate!), it just may not be obvious that you have a choice. If you are considering a lease make sure you check with your accountant or financial planner first that it will be right for you. Hope that helps.
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