How does a car cost you more on 0% interest rate?

We recently had a client who contacted us about this fantastic deal that they were getting on their new car finance. He said ‘they are not charging me any interest at all.’ Naturally we were sceptical. We did some further investigating and yes he was generally paying no interest on this loan.

After a few days of doing some research we rang him back to advise we could SAVE him money on the deal he was being offered from the dealership. HOW? We found that the same car could be purchased at a lower on road cost and if we did the finance using standard interest rates his total payments at the end of the finance would be less than the original on roads cost he was being charged with their “0%” interest rate.

If you are being quoted a deal that seems ‘too good to be true’ – it probably is. We also found this article to be quite interesting and supports our findings:  Click Here to Read More 

Make a booking with our office to discuss all of your equipment finance needs.

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The Value of Financial Advice

At Business Initiatives, we believe that the right kind of financial advice can really make a big difference. Financial advice can give you confidence that your future plans are achievable. If you’re not on track to achieving your goals, it can help you put the right strategies in place, or come up with more realistic goals.

Having an experienced and qualified Financial Planner can help you to:

  • Clarify what you want to achieve;
  • Define what steps you need to take;
  • Provide well researched appropriate recommendations;
  • Help you implement these decisions; and
  • Provide ongoing monitoring and coaching of your strategies and investments.

Research shows professional financial advice can help give you greater peace of mind. As financial advisers we are there to help you reach all of your retirement lifestyle goals, not just look after your investments.

Professional financial advice can help you confidently navigate each stage of your life, creating and protecting wealth from the beginning to the end of your employment and providing an income stream into retirement. We look to help you make the correct decisions to maximise your financial outcomes. Much of our value comes from providing a disciplined approach to customers’ financial planning needs.

If you have a financial goal in mind, it will be easier to develop an appropriate investment plan. Think about what you want and why, and set a timeframe to achieve each goal. Then you can measure all investments against your plan.

Financial advice can help you:

  • Set and achieve your financial goals;
  • Make the most of your money;
  • Get any government assistance you’re entitled to;
  • Feel more in control of your finances and your life;
  • Avoid expensive mistakes; and
  • Protect your assets.

We know that the right advice makes all the difference; all you need to do is ask us how we can help you. Call us on 08 8431 7444 to see how we can help

Spring/Summer Property Workshops

Property Initiatives is pleased to announce that our Spring / Summer workshop series is now set and scheduled for the remainder of the year.

Clients of Property Initiatives will be presented with the opportunity to participate in these new informative and educational workshops free of charge.

Some of the upcoming workshops include:

  • Managing your Property Portfolio
  • Property Accounting and Tax
  • Property Investment Strategies
  • Purchasing Essentials
  • Financial Planning including SMSF, Super and Insurance

Over the past few years, I have assisted hundreds of clients purchase their first investment property. Many of these clients have now gone on to accumulate multiple properties and build a really strong property portfolio. Our next workshop, Managing your Property Portfolio aims to provide you with the skills, knowledge and practical information to effectively assist you with managing your portfolio on an ongoing basis. This workshop will benefit both the experienced investor or clients who have yet to secure their first investment.

This workshop is scheduled for Tuesday September 20 and will be delivered via our virtual classroom program – Go To Meeting.

Keep an eye on your inbox for further details relating to this workshop and all our upcoming workshops for 2016.

Take Advantage of Record Low Interest Rates

The RBA has reduced the cash rate to an all time low of 1.50% – so what does this mean for you? How does this affect you and how could you potentially save thousands? With interest rates being at a record low, now is the best time to have a Mortgage Broker shop your home or investment loans around.  There are a lot of banks who are offering extremely competitive interest rates and some who are even offering you a rebate to refinance your mortgage to them.

Having your home loan reviewed is a quick and easy process and can ensure that you are not only getting a competitive interest rate but that you still have the best product to suit your needs. A loan review doesn’t have to be a refinance either – sometimes you can remain with your current home loan provider and restructure if need be. The benefit of using a Mortgage Broker is that we have the ability to negotiate with multiple lenders, and potentially provide you with a more competitive product that could save you thousands.

Other reasons to consider if you are looking at refinancing:

  • An interest rate difference of 0.25% on a $300,000 mortgage can save you about $50 per month! That’s a saving of $18,000 over the life of the loan.
  • A rate reduction may mean you can pay extra off your home loan each month and reduce the term of your loan.
  • You may be in a position to expand your property portfolio or even buy your first investment property.
  • Your financial position and goals may have changed and there are products that will help you achieve those new goals.
  • Most importantly, a review of your home loan is FREE!

We can complete the review over the phone or via email, alternatively we can come to you, at a time that suits you! Call us on (08) 8431 7444 to get the review process started.

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