Author Archives: knddigital

Four Easy Tips To Prepare For A Boat Loan!

Have you always dreamed of buying a boat but thought the process was just too complicated to get one? Owning a boat can be both fun and rewarding! It can also provide many benefits for both you and your family! At Ezilend, we want to help you make your dream a reality. So today, we are going to share with you four tips on getting a boat loan that is both affordable and simple.

Have Your Information Ready

One of the first steps in pursuing a boat loan is to have all your information upfront and ready to go. Doing so can help make the loan process go faster and shows that you are serious about purchasing a boat. The following is a general list of the information that may be needed when buying a boat: Your

  • Name, Address; Phone Number
  • Employment Details
  • Income Information
  • Property Ownership
  • Monthly Expenses.

Details about the boat you are looking to purchase are also helpful to know ahead of time and can increase your chances of being approved for a loan.

Check Your Credit Score

Knowing your credit score can give you a good idea of how much a lender may be willing to approve. If your credit score is a little lower than excellent, do not fear. You can still get approved for a loan; it may just have a higher interest rate. It depends on the loan company and their policies. Ezilend’s experienced team can help figure out the best options for your personal situation.

Plan For Additional Expenses

When preparing to buy a boat, there are a few things you may want to consider ahead of the purchase to avoid unexpected expenses. When maintaining a boat, there are a few things to help the operation run smoothly. The following is a list of things you may want to add to your monthly budget:

  • Boating Insurance
  • Maintenance and Repairs
  • Operating Expenses (such as fuel and motor oil)
  • Storage and/or Dry Docking.

Know Your Budget

Having a budget in mind is another key step in preparing for a boat loan. Once you have your personal information, credit score, and other expense details ready, you can use this information to form your budget. This will help you see how much you can pay per month, as well as what type of down payment you can pay upfront. And sticking to your budget can help eliminate confusion and/or frustration in the long run!

You can start to work out the estimated weekly, fortnightly, or monthly repayments on your loan by using our handy online boat loan calculator. Simply choose the borrowing amount, the duration of the loan period, and the interest rate. Then, if you think the loan is affordable for you, click the start pre-approval button and fast-track your application today!

Work With A Finance Company You Can Trust!

Getting the right loan for your boating needs may seem complicated. You want an experienced loan company that will help you find the best loan at the best price. At Ezilend, we work to make sure you get the right loan that is right for you! With over twenty-five years of experience, our team specialises in getting marine financing loans that work for you! We walk with you in each step of the process. To learn more about how we can help you, contact us! We’re here to help make your dreams become a reality!

Why Should I Finance a Used Motorbike?

Buying a brand-new motorbike is a big step, especially if you’re a first-timer. Financing a pre-owned vehicle might be the better option. Here are a few things to consider when asking yourself why should I finance a used motorbike.

Tips for Purchasing a Used Motorbike

Take time to prepare by putting in your due diligence. The steps you should follow are:

1. Check your credit

See where your creditworthiness stands. By knowing what your credit history looks like and getting pre-approval you will know the maximum amount you can borrow, what the repayments will be and the applicable interest rates – if your credit rating is good you will qualify for better loan conditions.

2. Calculate your budget

Review your income and establish how much you can realistically turn over to a loan every month. Take into account registration, insurance, and potential maintenance expenses as part of your budget analysis.

3. Check out pricing

Compare prices to get an idea of the bike you can afford versus your idea of a dream ride.

4. Test drive

You have to test drive as many models as you can stand. Drive on various road conditions where-ever possible. This is a crucial step for the first-timer.

5. Get the bike checked

Never buy a bike on seller boasting. Get your own inspection performed. You never know what a life saver this process can be!

6. Get accident and maintenance records

Having the history of the motorbike will provide insight into what to expect from the vehicle. You need these records even if you have to pay for them.

7. Negotiate

Approaching a lender, be ready to talk about the best loan terms and purchase price. Get a solid upfront deal to make loan repayments affordable.

Financing: Pros & Cons

If you aren’t in a position to pay for a motorbike up front, you don’t have to put off your dream. Financing is a great way to get out on the road sooner. But this option may not be for everyone. Here is some information for deciding if financing is right for you.

Pros

  • Pre-owned motorbikes will depreciate slower than a brand-new ride. New vehicles loose value as soon as they are driven off the lot and the depreciation drops rapidly over the first few years. The owner of a new vehicle ends up paying more for the loan than the vehicle ends up being worth.
  • Despite the previous point, motorcycles still retain greater value than other vehicles. A rare or well-maintained vehicle can go up value.
  • Your motorbike financing gives you access to transportation. If you don’t have time to save and need to secure transport for, say, commuting to work, financing is the way to achieve your goal. It allows you to get a bike now and pay back over some time.
  • Having a loan and repaying it responsibly builds your credit. A positive payment history turns into a respected credit profile, boosting your creditworthiness and makes you eligible for better credit opportunities.

Cons

  • Carefully examine financing terms. Interest and fees can be costly.
  • In some circumstances, Annual Percentage Rates may be higher for pre-owned than new motorbikes.
  • If you have difficulty repaying the loan, you hurt your credit or risk losing the bike, particularly if you do not contact your lender and discuss your options, openly and honestly.

Conclusion

Be practical. Financing a pre-owned motorbike shouldn’t put you in unnecessary debt, especially if this is your first ride. Temptation is always going to lead you to that shiny beauty, but you want to keep the purchase smart. Follow the tips here, find a solid lender, and you’ll do just that.

Caravan with 4wd - Loans from Ezilend - Easy finance

It makes sense to finance your new caravan with a finance broker

Are you an adventure enthusiast, or have you been postponing that eager family road trip from year to year? It is very frustrating when such limitations are caused by the fact you just don’t own a quality caravan!

A caravan is a crucial constituent for the ultimate adventure, exploration or family road trip. Suppose you plan to buy a new or used caravan. In that case, it is reasonable to consider your budget, savings and consider how you can finance the new purchase. By doing your homework, you can make proper financial arrangements to ensure that the project is successful without putting you in financial jeopardy.

In the current world, various financial firms will offer you the services of securing a loan for your caravan project, but these loans come with different terms. To secure the best deal, conduct your research to determine the best-suited financier. The primary sources of loans are banks and caravan financial brokers. A caravan financial broker is client-centred, and here are some of the reasons why you should consider this option for your caravan project.

Access to a multitude of lenders

Accessing finance for your caravan from a bank is very stressful as the banks usually do not have that specific loan for the project. They will provide you with a costly loan without even offering you various options to choose from. On the other hand, when you approach a reliable broker, you get access to a variety of financiers for the project and access to various terms, giving you a chance to choose the most convenient option for you.

Convenience is also an essential factor when securing a loan; a broker will save you the hassle of moving around and comparing the various lenders for decision-making. They always get the job done for you, and it does not stop there; they guide you in making the best decision, such as assistance in getting a low-interest product and other financial advice.

It is a faster, more straightforward process

You do not want to have to follow up your caravan loan processing for months. Caravan finance brokers ensure that their process is quick and efficient, which means transactions go faster. They ensure that the following processes are streamlined as quickly as possible:

  • Caravan finance quote processing which is obligation free and does not affect your credit rating
  • Application submission
  • Communication with Ezilend Finance team
  • Approval
  • Loan disbursement for buying your new caravan

Use our online finance calculator to get an idea of the repayments for any amount financed at specific interest rates.

Do you know you can get your new caravan within days? Yes, once you can confirm that you are comfortable with the monthly repayments, you can access pre-approval straightaway. What follows is the formal application and the approval, which means that within days, you can make that caravan purchase and get ready for the road trip. You can fast-track the process, too, if you have all of your required documentation ready to upload online.

Proven experience with caravans

If you make a phone call or visit any bank for inquiries, there is a high probability that the customer service team may be unfamiliar with how caravan financing works. This can be a hindrance and waste your valuable time. When making sound financial projects come to fruition, you need a resourceful partner. Caravan finance brokers are experts who have the know-how of caravan financing. With the right guidance, making the best decision is a guarantee.

A personalised service

Anywhere you shop and experience excellent customer service indicates how that business values your contribution. When dealing directly with banks, their core objective is to treat you as a number, so as you transact, they treat you as a new addition. Your application is one of the numerous applications that must be processed by their teams. They have no real incentive to move things along quickly for you. You have to operate on their terms and to their timelines. When you interact with a caravan finance broker, you open a new chapter of the relationship. They walk with you during the whole process giving you the best advice which cannot be found within the current banking environment. They will take the application as their highest priority, getting the best possible deal for you as quickly as possible. You are not a number when you deal with Ezilend.

Continued support after financing is secured

When you work with caravan finance brokers, they give you a personalised service for your loan. They also ensure that the relationship continues throughout the financing period until the loan is fully paid. Good finance brokers should have many return customers; ones who purchase their cars from us, then camper trailers, caravans, boats, and jet skis. Having a great reputation is second to none, and receiving 5-star reviews speaks volumes. Working with the Ezilend Finance team is one of the best decisions you can make as they give you timely updates that keep you in the know about your loan progress.

Talk to Ezilend – Your Finance Professionals

Do not postpone that lifetime adventure or that road trip. Make a move today and contact Ezilend for the best financial insights that will put a smile on your face as you plan for the big event.

Considerations Before Buying A Used Car

Did you know that with dedicated research and a well-planned strategy, you can acquire a used car that is as good as a new one? Yes, there are used cars that are as reliable and efficient as new ones. But the most crucial aspect of buying a second-hand car is to take your time to evaluate all the variants involved that will result in the car being the right one for you.

Many of us aspire to own a car; going for a used one is one of the best strategies in cost-saving and getting yourself on the road with your asset. But getting the best deal is not easy; many buyers have been left frustrated after acquiring an unsuitable car that fails to meet their needs and was not entirely as advertised.

Many used car owners suffer mainly because of the high maintenance costs, flawed research, insufficient information about the car from the dealers, and buying the wrong vehicle for their intended purpose. The fact is, you must know what you want, and with the following factors, knowledge will guide you in getting the best car that will serve you appropriately.

Budget

The question is, how much are you willing to put aside for a car? Determining the amount of money you need to buy your car is not automatic. You must establish how you will source the funds and consider any impact on your lifestyle. If you are opting for a loan, speak with your consultant for guidance regarding loan repayments, interest rate and any ongoing fees. You do not want to get yourself in a financial fix after just acquiring a car.

Also, keep in mind that the expense of buying a second-hand car does not end with the car’s price tag. There are other associated costs such as change of ownership, license, and additional charges depending on the state you are in. Ensure that you stick to your budget no matter what to avoid future financial crises.

Safety

It is essential to consider the safety of yourself, the car, and the transaction when buying a used car. One of the main decisions you must make is to determine whether to buy a car from private sellers or dealers. Many second-hand car owners will advise you that purchasing a used car from a private seller has more inherent risk than from a dealer.

Dealers must adhere to state and federal regulations, including consumer protection, while private sellers have no customer protection policy or regulation. Other safety aspects include car warning systems, active head restraints, anti-lock brakes, new airbag technology, and other in-built car safety requirements.

Purpose of the car

Determining your car’s purpose is a crucial aspect that you must consider through evaluating the following scenarios before making the final decision.

I. If the car is to be used in a family setup, what is the number of family members that the car will transport? What are the preferences of other family members? Do you need room for baby capsules or other access or legroom for an elderly or disabled family member?

II. If you are buying for travelling purposes, how long are your journeys? How is the terrain of the area of travel? Will the vehicle be comfortable for long-distances or unsurfaced roads? What is the fuel-efficiency like?

III. If it’s going to work, how does it reflect your image concerning your job position? What is the company policy on fuelling employee cars?

IV. Are you planning to join the Uber community? What are the requirements?

If you can answer these questions, you will have a clear picture of the car you want and can work towards acquiring it.

Type of car

Your budget might be set, and the purpose of the car determined, but many models can serve the same purpose. I know we all have our preferences, but proper research will guide you in coming up with the best solution for your car search.

You can begin by visiting various local dealerships, comparing the models, and developing a sense of precisely the kind of model that suits your requirement. Also, using internet resources, you can get a rough picture of a model that will suit your lifestyle.

Funding

You might have done your budget and all other preparations ready for acquiring your new car, but you will need funding. As stated earlier, your car costs more than the price tag; other costs such as maintenance costs must be considered.

If your car project is financed by a loan, partnering with a financial institution that guides you in making the best possible decision will make your life more comfortable and flexible during the whole process of buying a used car.

 

Quick Guide to Caravans

Buying a Caravan: Your Quick Overview

If you’re thinking about buying a caravan, you’re considering upping your adventure game.

Caravans save money on traditional travel accommodations. They let you explore just by stepping out the door. Their customisation allows you to have all the comforts of home.
From meeting new people to freedom of movement, a caravan is a smart idea. But it’s also a big decision. This is an investment you want to do right. We want to help you see Australia while keeping budgets in check and comfort high. Read on for a quick overview for buying a caravan.

Visualise Your Idea of a Great Caravan Layout

Learn what makes for a good caravan, the extra requirements when you buy a caravan and what features work for you. Questions should include:

  • How many berths will you need?
  • Do you need that lush lounge or large dining area?
  • What are you planning to do with the caravan?
  • How often will you likely hit the road?
  • How many will probably go on your adventures?

Be Patient

Experienced adventurers know this. If you’re new to caravanning, you don’t want to put your money into the first vehicle you lay your eyes on. Considering the newest designs, getting knocked off your feet is common. The upholstery, tech and gadgets, and interior facilities can make a newbie anxious.

Stay objective. Take your pictures and move on. You can always come back. Due diligence requires you to investigate and learn more. The best way to do that is through shopping. You’ll come to see things like the layout and all-up caravan weight are critical. Most likely more so than that amazing microwave or cool dining table.

This Has to be a Hands-on Venture

Unless you know caravans, all that thorough internet research isn’t enough. You want to get out to the dealerships. The entire family has to be with you. Sit in the caravans and imagine what essentially living in it will be like.

This research will be invaluable as your knowledge base grows. Something as seemingly unimportant as an awning, a big help in warmer months, can suddenly become a deal-breaker.

Tread Carefully

You will run into deals that are impossible to turn down. Hold off on whipping out the chequebook for a deal that’s making you do backflips. Salesmen know you can cross the road and find a better deal. They’ll work that angle. Hard. It’s about a commission, not your interests. Handing over a deposit too soon leaves you vulnerable to driving a caravan not right for you.

Get a solid idea of the layout your family and adventures need. Find a few models that fit the bill. Now, you’re in a position to play the game.

Caravan Financing

You can buy new or pre-owned, but you’re likely going to need a little help closing the deal. The right caravan loan can make the difference between the purchase becoming a dream or a nightmare. You want the best rates. You want pre-approval, giving sellers a reason to fight for your business. Pre-approval is a must when buying a caravan, just like with a home purchase – you need to know how far you can stretch your budget, what your repayments will be and then you can drive a better deal. Don’t get caught up in emotions. Know up-front exactly what you can afford to buy and that you are ready to go. By being prepared you can assure the caravan seller you are a serious buyer, and get a better deal. Financing with pre-approval and planning ensures you’ll get the right caravan for your adventures.

Five tips for buying a second-hand motorcycle

Are you looking to get a motorbike? Here we share a few tips to help get you on the right track when looking at second-hand bikes.

Five tips for buying a second-hand motorcycle

1. Research First

Before any major purchase decision, you should always research what you are buying and how it matches your needs. Whether a car, boat, caravan or motorbike, the choices are endless, and so is the availability of information.

But what are you looking for when doing your research on a second-hand motorbike before purchase? You need to decide what type of bike you are looking for – a road bike or dirt bike – or a something can be both on-road and off-road. Is the motorcycle being used for work or pleasure? Consider where you live and what would constitute average use for your motorbike given your circumstances and riding ability.

Once you narrow down what you are interested in, you need to discover the various models available. Check out the forums to see what people enjoy about the various bikes you are interested in getting and where they have experienced issues. It is handy to learn what could go wrong with it and whether the manufacturer has issued any recalls or safety notices.

Investigate replacement parts – both availability and cost along with service costs, so you know what the ongoing investment will be to maintain the bike.

2. Investigate the bike history and review the online photos

Once you have decided to check out some bikes from online sales websites, gather the details of the bikes you are very interested in and put the information into bikefacts.com.au . You can check if there is any finance attached to the bike, or if it has been stolen or written off.

Once you are satisfied that the bike is legitimate, have a good look a the photos to make sure everything looks in good working order. If you notice any damage in the images or broken parts have been mentioned in the advertisement – investigate what it would cost to repair. You are then in an excellent position to decide if the asking price is reasonable or if you have some negotiating room.

3. The second-hand bike inspection

When you have decided things are lining up nicely and it is time to inspect and test ride the bike, ask the seller not to start the motorbike before you arrive. When you start the bike from cold, if there are any tell-tale signs of engine trouble, you should be able to hear this from the very get-go.

Inspect the bike’s alignment, the sprockets and forks’ condition, and the tyres’ grip. Ask the seller when the bike was last ridden. If the bike has been in storage for some time – tyres and the engine may exhibit signs of deterioration. For example, if the tyres are worn or cracked and require replacement, you could be up for a further $500.

Ask to see the motorbike’s service history and ask if the seller has the original user manual. Are there any other accessories that have been fitted or modified on the bike? Are these legal and have they been modified correctly? Be sure you are satisfied with the overall safety of the bike before you think about riding it.

4. The Test Ride

Once you are satisfied with the bike’s overall appearance and history, ask to take it for a test ride. You will soon know when riding the bike if there are issues with the gearbox, brakes or clutch. If you think something is not right, talk to the seller about the roadworthiness and have the matter investigated before purchasing.

During the test ride, think about how you feel on the bike and if this is what you were expecting. Are you comfortable in the ride position? Does the motorcycle handle how you expected it to?

5. Motorbike Finance, Approval and Purchase

Your final decision will be – Is this the bike for you? Once you have negotiated the best deal and – of course – have your finance sorted (get this done first so you know what you can afford), you should be ready to make a final offer.

If you need finance for your motorbike purchase, get started early – contact us at Ezilend and get pre-approval today. Pre-approval makes the process of finding your perfect second-hand bike all that more simple.

Jetski finance by Ezilend

Jet-Ski Maintenance – 5 Important Tips

So you finally got your hands on that Jet-Ski you have always dreamed of owning. You are ready for countless hours at the beach or in your local waterways. The sunscreen is packed, the kids – old and young – are excited and you are set for some real fun. 

While any personal watercraft will provide hours of unlimited fun and entertainment on the water, you will need to be all over the maintenance of your Jet Ski to ensure the best performance and safe use each and every time you take it out.

Read the Manual

The very first thing you should do – maybe even before you buy the Jet Ski – is to carefully read your manual to learn everything you can about its use, maintenance regime and how to store, manoeuvre and drive your jet ski. This is particularly important for those who have never owned a Jet Ski before. You will learn a great deal from the manual. If you have owned a Jet Ski before, then it is still useful to review your new toy’s details! You might be surprised by what this one can do – or what the latest recommendations are.

Keep the manual handy as it is important to review this from time to time – and when it comes time to upgrade or sell, you will want to hand this over to the new owner.

Protect the Exterior of Your Watercraft

In particular, the best way to keep your Jet Ski from looking great is to wash it down after salt-water riding.

Taking pride in the appearance of your Jet Ski is a practical consideration. You have spent considerable time choosing this watercraft for various reasons, and one sure reason would be how it looks. So from an aesthetic point-of-view, protecting the exterior ensures the craft remains bright and shiny. You should be proud to take it out adventuring and this also maintains the value when it comes time to upgrade.

By taking proper care and washing off salt-water, mud, sand and other residues – you are protecting your investment.  Take the time to wash and wax the watercraft’s exterior. Washing and waxing protects the boat’s skin from the degrading effects of sun, wind, sand, and salt.

Choose a cleaning solution that is made for boats or personal watercraft. In addition, waxes are also available that are designed for marine use. These products will better endure the harsh conditions that the sea can throw your way.

After a day on the water, you should also correctly store your jet ski. Provide maximum protection by either covering the watercraft using a form-fitting cover designed for your boat, or keep it securely stored inside a garage or carport.

The most important reason for washing, waxing and storing your watercraft in a protected environment is to prevent your jet ski’s exterior from becoming brittle or cracked. The sun’s harsh ultraviolet rays will rapidly deteriorate the exterior of your jet ski. So take the time to protect your Jet Ski’s body to make your investment last.

Flush the Engine

Salt water and fresh water can both contain residues and harm your engine. After each day out on the water, be sure to flush your engine. Your user manual will provide the steps to take to ensure you adequately remove any impurities.

Flushing the engine will remove impurities such as salt, sand, mud, algae, weeds and plant remnants from the engine preventing corrosion. The general method of flushing the engine involves running fresh, clean water through the engine for a couple of minutes after you take the Jet Ski out of the water and prior to storing it. Refer to the manual for how to complete this effectively for your watercraft.

Conduct Regular Inspections and Maintenance

Personal watercraft like Jet Skis require routine maintenance as they contain moving parts exposed to harsh environmental conditions, and these components will need to be periodically lubricated. Check the manual and your local dealer to find out the best oils and greases when lubricating your personal watercraft, as incorrect types could wash away quickly and leave your machine vulnerable and exposed.

Changing the engine oil regularly on any motorized device is imperative to keep the engine functioning safely. The Jet Ski manufacturer will have stipulated a maintenance schedule, just like car manufacturers do – so make sure you know what the length of time is between services and keep to the schedule.  

By doing a routine inspection of the watercraft each time you take it out and bring it back, you will be sure to notice any problems, corrosion or unusual engine noise.

Storing Over Winter

Following a cracking Summer and Autumn with your Jet Ski, the winter in some places may mean it is too chilly to be out on the water, so you will need to  store your Jet Ski for the season.

Any motorized device must be adequately prepared for storage when not in use. You will follow the directions in the user manual which will include the previously discussed flushing of the engine, a thorough wash-down to protect the exterior and  the addition of a fuel stabilizer to prevent fuel evaporation from damaging the engine.

When not using the jet ski, fuel evaporation can leave behind varnish and other sticky residues that can cause fuel line clogs and other engine problems when you bring your Jet Ski out of hibernation. Fuel stabilizers come in various formulations, so choose one appropriate for use in personal watercraft.

Once you add the fuel stabilizer, remove the spark plug from the motor and spray fogging oil into the cylinder. Fogging oil is designed to provide long-lasting protection against corrosion inside the dormant cylinder; without it, the engine oil inside the cylinder would drain and leave bare metal exposed to moisture.

Jet-Ski Maintenance – 5 Important Tips

At Ezilend, we love a great day out on the water and providing loans to help you make the most of your time with family and friends is what we do best. If you are looking to invest in a Jet Ski, boat or other watercraft, be sure to check out our competitive rates. Get in touch today.

Caravan Finance Ezilend

Camper or Caravan? Choosing the best way to travel around Australia

Caravan vs Camper Trailer….Which is best for your next Australian road trip?

With international borders closed to Australian travellers, the itch to get out and explore our great nation has never seemed more urgent.

For the trip of a lifetime, a holiday around our great country offers a wealth of amazing landscapes, wildlife and weather to enjoy. If you’re planning a trip around Australia, you’re about to experience the adventure of a lifetime. But what would be the nest way to travel?

Two of the most popular ways to travel Australia include by camper and caravan. Both offer advantages and disadvantages to travellers, but which is the best choice for your trip?

Trying to decide between the two options is really the tip of the iceberg. In today’s market, both options have so many variations that you can choose the comfort level and ease of use that best suits your travelling style, level of homeliness or adventure.

If you’re facing this difficult choice between choosing a camper or a caravan for your next adventure, here are a few questions to ask when making your decision.

How much space do you need? 

One of the biggest factors to consider when choosing whether to use a camper trailer or a caravan for your Australian road trip is how much living space you will need when on the road.

While campers can offer plenty of living space to lay mattresses or cots, some require you to bring along your own cooking equipment and any furniture or beds that you plan to use for your trip. You may also need to pack up these items every morning and set them up each night depending on the set up of your trailer.

A caravan, however, offers fold-up beds that can pack away easily each morning and include built-in stoves, refrigerators, and seating, which saves a significant amount of setup time compared to a camper. The convenience also could extend to bathroom amenities in the caravan. This may be a complete luxury compared to the camper where you may ned to utilise facilities at camp grounds and caravan parks.

Once you determine the amount of space your family or travel partners will need and the level of comfort you desire, you will have a better idea of whether a camper or a caravan makes more sense for your trip.

How long do you want to travel? 

Your travel plans will also help to decide what will be the best overall option for your trip. Are you planning a series of short getaways or longer holiday adventures? Would you be looking at travelling for two weeks? Two months? Six months? The duration of your trip can influence the type of vehicle you decide to purchase.

While campers usually cost less, they do require significant time each day to set up and pack away, which can eat into your time to explore and enjoy your trip. Caravans, however, offer more convenience and require less investment of your time.

If you’re planning a shorter trip, then sleeping on mattresses and setting up your living space each night may not prove much of a hassle. If you’re planning to be on the road for several months, however, then you may appreciate the convenience offered by a caravan.

Where do you want to go?

From the wildlife to the landscapes, Australia offers endless adventure and beauty. The types of places you want to go on your trip and the distance you plan to travel can influence whether you buy a camper trailer or a caravan.

Both campers and caravans will require you to have a tow vehicle. Between your tow vehicle and your camper or caravan, you will need a significant amount of space at your campsite each night. Caravans, particularly, require significant space to park, as well as access to power hookup. While Australia offers many nice caravan parks, you may find the locations of these parks inconvenient compared to your desired itinerary. Campers, however, are smaller, lighter, and more mobile, allowing them to access smaller sites outside of caravan parks more easily, giving you greater flexibility for where you can travel or your trip.

If you plan to do any off-roading on your trip, accessing some of Australia’s more remote and difficult to access locations, you will need a tow vehicle with four-wheel drive. While some travellers do take their campers and caravans off-roading, it can pose risk to the vehicle, requiring maintenance. If you plan to go off-road, you will want to buy a camper or caravan that has been specially designed for off-roading.

What’s your budget?

For most of us, budget influences our decisions. And this is true for your decision on whether to buy a camper or a caravan. More than any other factor budget plays a major role.

Campers are lighter, easier, and cheaper to tow than caravans, but they do not offer the same conveniences as caravans. Similarly, off-roading vehicles, whether campers or caravans, offer greater flexibility as to where you can take your vehicle, but they cost more than vehicles designed to stay on-road.

Before you decide which vehicle to purchase  – a camper or caravan or an on-road or off-road vehicle  – you will want to think carefully about the type of trip you want and which vehicle will best provide you with that experience.  Once you have resolved your decisions around comfort, convenience, cost and where you want to travel and how you  want to experience that adventure, then you can set to work finding a vehicle to meet those needs.

Good deals on both new and used campers and caravans exist, so it’s worth taking some time to ensure you find the right vehicle for you.

If you need help financing your purchase, consider caravan and camper loans to help you make your Australian road trip dream a reality.

 

 

Good Credit vs. Bad Credit – What’s it all About?

When was the last time you actively considered your credit score? Do you know that you can access your credit report to make sure it is accurate and reflects repayments and credit history?

Perhaps you thought about your personal credit rating just before applying for a line of credit, only to realise that it wasn’t up to scratch, with your loan application being rejected.

Most of us tend to take a less-than-proactive approach when it comes to our credit – keeping our head buried in the sand until the last minute (i.e. when it dawns on us that we might actually need a loan). Unfortunately, credit scores can’t be repaired overnight. Like our cars, credit scores require a degree of maintenance – it pays (no pun intended) to annually check-up on our credit health.

According to ASIC’s Money Smart, Australians are entitled to check their credit report for free once a year. Credit providers use the information in credit reports to establish whether an applicant can afford a particular loan, and whether they are likely to repay it on time (or at all).

If you find that your credit score needs some TLC after reviewing your report, there are simple steps you can follow to get it where you want to be.

Check your credit report

As mentioned above, Australians are entitled to one free check of their credit report per year. In 2013, ASIC stated that a whopping 30% of Australians’ credit reports contained errors. It’s important to iron out any errors before applying for a loan because their presence will simply delay the application process. Some errors to look out for are:

  • Incorrect personal details (name, address or date of birth),
  • A debt might be listed for the wrong amount, or
  • A debt might be listed twice.

To find out more about credit reports and how to fix errors, check out this article from Choice.

Simple steps you can follow to get your credit report where you want to be – looking good!

Have an active credit account

Don’t be debtless! Go forth and access a credit account with a small limit because lenders don’t favour borrowers without a credit history. You can start as small as you need to: a mobile phone plan, Internet service or rental payments are all valid proof of payment history.

Punctual payments

This one is a no-brainer. The best predictor of your future behaviour is past behaviour – if you want someone to trust that you’ll make reliable and punctual repayments, start making reliable and punctual payments now! Punctual repayments are exactly when your potential lender is looking for in your report.

Be wary of making too many hard enquiries

What is a hard enquiry? A hard enquiry is the name given to the process of a prospective lender making an enquiry on your credit report. Having too many hard enquiries on your account doesn’t look good – it implies that you’re desperate for cash and/or have been knocked back for a loan on more than one occasion.

Good credit history isn’t hard to attain if you give it the attention it deserves. With adequate pruning, your credit history will flourish. Take a look at ASIC’s factsheet for more information about maintaining your credit report. If obtaining credit is or becomes a problem, speak with a friendly Ezilend consultant – we can help you to restructure your credit profile or point you in the right direction (and away from the rip-off lenders!)

 

Buying a new car

There is nothing like the excitement of buying a brand new car. And whilst financing a new vehicle is an essential part of the shopping process, we thought we would focus on the car buying process. Hopefully our tips will get you behind the wheel of your dream car at an amazing price.

Let’s get the finance out of the way first.

When buying a new car you have five main ways of financing the purchase. You can:

  • Pay cash by buying it outright,
  • Obtain a car or personal loan,
  • Use dealership finance, 
  • Lease the vehicle, or
  • Take out a chattel mortgage ( a secured car loan for business purposes).

Our advice, as industry insiders, is to shop around for your loan before you go to the dealership. Contact us at Ezilend and we can help you get your finance sorted. That way , you can go into the car dealership with finance ready to roll.

So how do you go about choosing the right car for your needs?

  • Research

Step one is, of course, to do your research. These days we have so much information available to help make our purchasing decisions easier. But don’t just read the reviews, have a good look at all of the car sales websites and see what prices various dealers are putting on the cars you’re interested in. Decide what features are most important to you as you narrow down the selection.

Once you have a vehicle in mind, you can then narrow down the dealers to talk with. Through this research process, you can be confident that you have a fair idea of what you should be paying for the car you want. If you are trading-in your current vehicle, do the same research so you know if you’re being offered a fair trade-in value.

  • Visit Dealerships

Step two – Visits to the dealerships. The process is very much choreographed once you arrive. It can be a psychological battle.. Using the internet prior to the visit gives the buyer a lot more power. While you can research every last detail, don’t underestimate the lure of that shiny new car, literally begging you to put your hand in your pocket and spend your cash right there! Resist the temptation. Let the car salesperson go through the process. 

Being sold to in this instance is not a negative experience in the slightest. This is where your research and bargaining tools come together with the incentives from the dealer. There may be various offers and incentives put your way. Ideally, take the time to visit a few dealerships for the brand of car you’re interested in to make sure you’re getting the best deal. Expect to spend an hour or so in each dealership while looking at. all your options.

Car dealerships rely on your initial excitement and a well-honed strategy of starting with a high price and then being able to lower the price – often linked into a ‘promotion’, which usually ends the day after you go in. You may often get a ‘this price is only valid today’. This is very rarely true. Take the power back if you can. If you can forward plan your purchase, it’s a great idea to buy either at the end of the month/quarter or (best of all) at the end of the financial year. This is when dealer stock must get moved on and you can generally negotiate a better deal.

What about all the extras?

Once you have identified the dealer you would like to go with – who is offering the best price, and the car is definitely the one you want – you are ready to do the deal. Just know that before you sign anything you will be shuffled off to see the “Extras” person. The “Extras” person will talk to you about all of the essential ‘add-ons’ you will need to take with your new car. For many dealerships the margin on the car is minimal, so they’re interested in extra income from add-ons. You will also be told about the ongoing service schedule required to make sure your warranty remains valid. A new car warranty is not in fact invalidated if you take your car elsewhere to be serviced. However, it can complicate matters should you make a claim.

There are generally three categories of New Car Add-ons…

  • Paint protection
  • Upholstery protection, and 
  • Tinted windows

…and sometimes there is even a service to fix those occasional dints and scratches that it’s generally not worth claiming on insurance. Are these extras worth the money? There’s no clear answer to this. But, here are the pros and cons…

Pros

  • If there are ever any problems related to the add-on provided by the dealership you just take the car back in. 
  • The additional options are taken care of before you pick up the car – no need to take it back later to have the work done.
  • If you are financing the vehicle, it’s easy to add the extra cost into the entire car loan.
  • You can be reasonably confident that the work will be done to a sufficiently high standard. The car brand will not want to be associated with any problems relating to the add-on down the line.

Cons

  • The add-on may not be necessary – it is a new car after all.
  • Getting add-ons done at the point of sale at the dealership can be more expensive than getting the same job done by an external company.

To an extent, the dealership relies on the fact that you probably don’t know about the latest paint protection technologies, or how much it would cost to get the same treatment elsewhere. So this is where a bit of research can save you money in the long-run.

Once you have negotiated your way through the buying process, don’t forget the other things you need to organise before you pick up the car. Remember things like insurance, and don’t forget to take your toll tag out of your old vehicle and inform the toll company of your change of vehicle. Then you can relax, and enjoy your new wheels!