MFIA Car Finance

No Matter what your need, whether it be a car for personal use or a car for work, MFIA Finance Group can organise a car finance package to suit your needs.

So what do we mean by personal or work use. Well depending on what you are going to use the car for will depend on what type of loan will best suit you, as such its always a good idea to talk to an expert in this area that can help you gather the information required to make an informed decision.

So why use finance rather then paying cash?

• Frees up your cash for the unexpected or for greater cash flow
• locks in a fixed expense for the next 2-5 years
• you may be able to claim some of the cost as a taxable reduction

Why use MFIA Group for your Car Finance Needs?

We Offer

• Car Finance with fixed repayments
• Easy set up, we even come to you in most instances to do the sign up, just to make your life that little but easier
• Pre approvals, so as you can go shopping with the confidence you already have money in your pocket to secure your car
• No Deposit car finance are available
• We can structure repayments to suit your needs, by using balloon or lump sum payments
• Low Doc and No Doc Loans Available

So what type of loans are there?

Personal Use Loans -

These loans are known as Consumer loans and are regulated by the Government in how a lender can lend money to you. A loan of this type should be used when a person is going to use there car predominately for personal use. An example of these would include, Personal Loans, Sercured Personal Loans and Novated Leases.

Commercial Loans -

These loans unlike consumer loans are used to purchase a car on finance when the car will be used predominately for business use. These loans are unregulated by the government, and offer a broader range of products to choose from. Including Commercial Secured Loans, Leases, and Hire Purchases.

Another advantage of commercial loans is that depending on your purposes we can sometimes offer low doc or no doc car finance and equipment finance. We understand that sometimes the success of your business is not shown on your financials and we have sourced products from our lenders that can help you get the car you want. To find out more about our low doc and no doc car loans please click here.

Some things to Consider

When buying a new car it is often a daunting process, looking at all the different makes and models that suit your needs.

With all of this to consider it is often easy to forget about finding the right finance package to suit your needs. Just like finding the car, the right Finance Package is a big decision and one that you will have at least for the next few years. So sometimes you can take the easyway out in looking at your Car Finance options and simply take an offer from a dealer in regards to your car purchase.

But is this the best idea? Well its up to you, but most dealers that have in house finance and do not use a Car Finance Broker such as ourselves will only have one Car Finance lender to offer you. As such you are only offered what that lender will do for you, which may not be the best deal you can get, and in the long run can cost you extra money.

let me put it to you this way, when you buy a house do you go to the real estate agent and trust them that there home loan they may offer you is the best deal you can get for yourself on the market?

If yes thats ok, but if no, why would you take the only finance offer a car dealership may offer you in regards to your new car loan. Doesnt it make sense to shop around and have a look at what else is available to you. Thats where a Car Finance Broker can help, we can have a look at your overall financial position, and due to the fact we have a multitude of lenders we can use, we can evaluate your circumstances and put you to a lender that is going to give you the best deal. Which is the most important thing, saving you money.

How our Car Finance Process Works

Lets now have a look at how the car finance process works, to show you how using a finance broker can not only help you get the best deal you can but also save you time and effort in finding this deal, and not to mention save you money.

Firstly it is up to you to give us a call, or make an enquiry through our webpage.

Once we are in contact with yourself, we can simply run through an application with you over the phone, and then fax or email to you a Privacy and Client Acknowledgement Form for you to sign and fax or email back to us, we dont need the orignal. (saving you time)

From here on in its left up to us and you can put your feet up. We will access your application in house to make sure it will fit one of our lenders. If you do pass this in house assessment we will submit your application to the lender that will firstly approve the deal and secondly who will give you the best car finance deal we can get.

Once this is done and we have an approval back from the lender usually within 24 hours, however it can be a matter of only waiting a couple of hours, we will contact yourself and run through the approval with you to make sure you are happy.

If you give us the all clear, we will contact the car yard or private seller  in question and organise an invoice.

Once we have the invoice in hand we will print up paperwork for you to sign. Depending on where you are located, we will endevour to come and see you in person to sign the paperwork, whether it be at your home, work or on the side of the road, we will work around you.

Now that we have the paperwork signed and completed we will settle the car finance and the next call from ourselves will be the good news that you can go and pick up your car.

So what are you waiting for, with this one on one service, we can save you time, money and the stress of getting a new car loan. So give us a call and get the ball rolling.

Need further information?

If you have more questions please feel free to give one of our experienced staff a call today on 1300 00 MFIA or Apply now

MFIA Truck Finance

So you are in the market for a new truck. Whether it be a Tipper, Prime Mover, new or old, the team at MFIA Machinery Finance can help put a finance package together to suit your needs.

Truck Finance comes in many different forms and depending on your situation will depend on which is best for you. This decision can be made by speaking with your accountant and their advice should be sought before entering into any Truck Finance.

Types of Truck Finance

Hire Purchase

As basic as a rental agreement, with the option of including a trade in or deposit to reduce repayments. Balloons or residuals can also be implemented or structure the rental repayments to clear the debt in full over the term.
Ownership rests with the Lender until the final payment is made. For tax purposes your business income can claim depreciation and any interest paid during the term. Automatic ownership takes place if all the terms of the agreement have been complete.

Loan is for a fixed period of up to 7 years at a fixed interest rate.

Finance Lease

Lease rentals are tax deductible provided the item is connected with producing income. The item is owned by the finance company. At the end of the term you can make an offer to purchase the item, replace it, return it, or extend the term. Very similar to a rental agreement, where a residual value is nominated to determine the items value at the end of the term.

Loan is for a fixed period of up to 7 years at a fixed interest rate.

Chattel Mortgage

A Chattel Mortgage is a type of Business loan that is used when a person or company is going to use a car predominetly for business use.  Unlike hire purchase agreements, under a Chattel Mortgage the purchaser takes ownership of the motor vehicle at the time that the agreement is entered into. The Asset is used as security for this type of loan as such you are usually able to secure a cheaper rate then an unsecured loan such as an overdraft.

Been Declined Elsewhere?

No Problem, we may still be able to help. Due to our exclusive relationship with Red Rocket Finance, the team at MFIA Machinery Finance may be able to secure the loan you need now.

Need further information?

If you have more questions please feel free to give one of our experienced staff a call today on 1300 00 MFIA or Apply now

Equipment Finance

So you are looking to purchase a new piece of machinery? Whether it be for personal or commercial use MFIA Group can help you finance this new purchase.

When looking at a new purchase you have two options. 1. Purchase the Goods Outright and 2. Borrow Money to purchase the Goods

Purchasing the Goods -

If you are in a strong financial position at present you may be able to afford to purchase the goods outright for cash. This can be good as it may mean you get the goods at a reduced price it also may have some tax benefits for you in doing it this way which your accountant can fill you in on.

But what would happen if there was a problem in the future. For instance your main client was slow in payment, or you had machinery that broke down that needed fixing, or perhaps you have the chance to expand your business through new contracts. All of these things have one thing in common, they all require cash, and cashflow to overcome or take advantage of. If you have used your cash to purchase a new asset you may not have this cash available, and as such miss out on these opportunities or put undue pressure on your business through this decision.

Borrow -

So you could borrow the money to purchase these goods. Well this is where we can come in handy. As an Equipment Finance broker we have a range of lenders that we can look at for you, and help design a machinery finance package that will suit your needs.

We offer a range of Finance packages including

• Rental/Operating Lease
• Finance Lease
• Hire Purchase
• Lease in Escrow
• Chattel Mortgage
• Novated Lease

Any of which may suit your needs, working in conjunction with ourselves and your accountant we can help you choose the best option and design a package that will suit you.

So why do this?

• Help improve your cashflow
• have set expenses for the next 2-5 years to help with budgets
• depending on the type of loan you may be able to claim depreciation and other tax benefits

So why use us?

• Large Panel of Lenders
• we offer a personal service and get to know your business so we can best portray it to the lenders
• market leading rates
• no deposit finance available
• we secure against the equipment not against property (in most instances)
• Low Doc or No Doc Loans are available
• We can offer our own in house finance. As such we may be able to do things others cant, at competitive rates

Need further information?

If you have more questions please feel free to give one of our experienced staff a call today on 1300 00 MFIA or Apply now

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Home Mortgages

Getting the right home loan is just as important as selecting the right home. Out mortgage broker team have sourced the best finance products and prides itself on checking all options available to each individual. Access to a large range of lenders make it simple to compare the best process for your applicatilon.

Our mortgage brokers help you select the right home loan based on a range of factors, assess your situation including the size of the loan you require, the property you intend to purchase, including deposit and how you manage your lifestyle..

Our personal assessment is a comparison of suitable home loans based on your situation the cross check the huge range of lenders available.

First Home Buyers and Investors

CLICK HERE for your FREE HEALTH Check<!--[if gte vml 1]><![endif]-->

You will need to weigh the following options:

• sourcing a good accountant, solicitor, mortgage broker,and, financial planner.
• the amount deposit and where do you acquire it from
• what grants are available
• suitable home loans
• fees and charges associated with the loan and purchase of property
• research on the property market

Xmas is here and spending goes up, but dont let that stop you saving. A New home loan reducing your payments is just what everyone needs to start a great year!
EIGHT REASONS to conduct a home loan health check include, if:

• a discounted or fixed rate ends
• you get married or start a family
• you are ready to move or upgrade your home
• you renovate or add extensions to your home
• you are considering investment opportunities
• you receive a substantial pay rise or reduction
• you are planning to retire
• you are making a large purchase i.e car, holiday