Money Cheap cars drive record high levels of financing

13:40  13 february  2018
13:40  13 february  2018 Source:   MSN

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Once your driving record is less than perfect, you will be considered a higher risk and will pay a higher premium. Why? because leasing companies usually require that you get a high level of insurance coverage - higher than you Tips to lower your rate and get really cheap car insurance.

1. How to Get Cheap Car Insurance Quotes. The number one mistake made by car insurance Other Drivers in Your Household The ages and driving records of other drivers in your household Why? because leasing companies usually require that you get a high level of insurance coverage - higher than For example, if your premium is being financed through a premium finance company, you are

a blue truck parked in a parking lot: Toyota hopes to prod governments to invest in hydrogen car technology© Provided by Nine Digital Pty Ltd Toyota hopes to prod governments to invest in hydrogen car technology Lease financing jumped in December to hit its highest level in more than 16 years, as Australians cashed in on low car prices and flexible payment options.

Total new lending commitments, which takes in housing, personal and commercial loans and lease finance, dropped 4.4 per cent in December to $70.8 billion, after the largest rise in almost three years in November, the Australian Bureau of Statistics said on Tuesday.

Commercial loans fell 6.2 per cent to $42.8 billion and personal finance loans fell 4.9 per cent to $6 billion, while lease finance jumped 8.3 per cent to $591 million, the highest volume since 2002 in rolling annual dollar terms, according to CommSec.

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Certain makes and models of cars are considered to be causing greater levels of bodily injury when Once your driving record is less than perfect, you will be considered a higher risk and will pay a higher Whether you choose an installment plan or a premium finance company, ask the following

Many auto retailers will provide differing levels of cover and benefit packages with cars , depending on the value of the car , the financing terms or sometimes the Not all auto retailers will pay for the free cover if the car purchaser is a high -risk driver with a poor driving record or is newly licensed.

Lease financing allows a financier to purchase a vehicle on a borrowers behalf and then lease it back at a fixed monthly payment.

CommSec senior economist Ryan Felsman said Australians have a conservative attitude towards taking on more debt, but lease loans have risen to 16 year highs.

"Car prices are at 30-year lows and car sales are at record highs," Mr Felsman said.

"Aussies appear to be taking advantage of cheap cars, potential tax benefits and flexible payment terms to lease new vehicles or equipment."

The total value of home loans to owner occupiers fell one per cent to $21.1 billion in December, seasonally adjusted.

Brisbane fuel prices expected to rise almost 20¢ above average in 'matter of days' .
Average fuel prices in Brisbane are expected to hit a three-year high in the coming days, with the RACQ warning drivers to fill up as soon as possible. The average price of petrol across Brisbane service stations is on-track to rise to almost 150¢ per litre, if the current round of price hikes continues during the coming days, the RACQ warns.A three-year record could also be broken, with the average price at the pumps tipped to reach 149.5¢ per litre, which would smash the usual Brisbane average of 130¢ per litre.

Source: http://au.pressfrom.com/news/money/-55199-cheap-cars-drive-record-high-levels-of-financing/

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