Some buy on a whim, some plan for ages and consider all the options before taking the plunge. For others a purchase may be an essential requirement for business or personal use. So when do you know if the time is right and is now the right time to buy?
Coming out of a ‘what just happened’ year that was 2020, at Jade Finance we fully understand that some people will be taking a cautious approach to major purchases. While many others want to make the most of everything with a new car, boat, caravan or bike and business want to capture what’s on offer in government budget measures.
So is now the right time to buy? At Jade Finance, we think it is a good time and we present our reasoning.
Interest Rates and the Lending Scene
The RBA cut the cash rate in early November which means banks and lenders can pay less to source their funds which should flow on to lower interest rate loans across a range of finance products. Jade Finance always negotiates to achieve the cheapest interest rates for all our customers on all loan deals and we welcome the rate to achieve even better outcomes.
The RBA has also initiated additional measures to encourage the lending sector to boost investment and stimulate the economy.
Buying a New Car
Despite the global impacts of coronavirus, many car makers still managed to launch new models into the Australian market. Only to have shutdowns and lockdowns inhibit the ability to come into the dealerships to actually purchase the vehicles. Now new 2021 models will be imminent and chances are many car dealers have stock to move.
End of year car clearances occur in most years and there are some great deals across the market. Talk to Jade Finance about a pre-approved cheap car loan before you head to the dealership so you are ready to commit.
Other signs that the time is right to buy a new car might be right in front of you. Is your current car up to scratch? Does it have the latest tech? The latest safety features? Is it fuel efficient? Will it cost you more this coming year in repairs and scheduled maintenance than it’s worth?
A car loan at current low interest rates on a new car could present a very attractive option.
Getting into Boating
The changes to our travel and holiday plans due to coronavirus have resulted in many people looking to new pursuits and many are looking at boating. Boating is a great recreational and leisure pursuit and the right boat, can become a floating holiday destination.
Many major boat shows were cancelled in 2020 which deprived boat manufacturers and dealers of some of their prime selling and showcase opportunities. So stock is available and there are sure to be deals to be done.
Summer is prime boating season so you’ll need to act fast to get your boat. Call Jade for a quick boat finance quote now and set things in motion.
Embrace the Freedom of Caravan Touring
Tourism Australia has launched a Holiday Here This Year to encourage Aussies to explore their own country. Many have embraced the idea and caravan sales are experiencing a surge. Caravans, camper trailers, RVs and motorhomes offer great ways to travel and holiday with models to suit all lifestyles.
Our caravan loans are also sourced to suit the individual, so speak with a Jade consultant about how cheaply we can get you into your own caravan.
Get on Your Bike and Avoid the Commute
It’s the right time to buy a bike – any time according to motorcycle enthusiasts. And of course you can never have too many bikes in your collection. All that aside, coronavirus is likely to result in a change to people’s commuting preferences. If you no longer want to catch public transport for your commute, a motorbike could be a great option.
Investing in Trucks and Business Equipment
Has there ever been a better time to buy a new truck or business equipment? The asset accelerated depreciation measures on offer in the Federal Budget in conjunction with low interest rates make now an ideal time to invest in new equipment. With a Jade Finance business loan you could realise significant tax benefits on the purchase of new equipment if eligible under the IAWO or temporary full expensing measures.
Find Out How ‘Right’ Now Really Is
Use our finance calculators to calculate rough estimates on repayments to see just how ‘right’ now is for that major purchase. Or just give us a call for a quick quote or get moving with a pre-approved loan.
To discuss consumer loans and business finance please contact us and speak with one of our Jade Finance consultants. Call 1300 000 008
DISCLAIMER: ALL INFORMATION PROVIDED IN THIS ARTICLE IS INTENDED AS GENERAL INFORMATION PURPOSES AND NOT AS AN EXCLUSIVE OR SOLE SOURCE FOR MAKING FINANCIAL DECISIONS. INDIVIDUALS SHOULD SOURCE INDEPENDENT ADVICE FROM A FINANCIAL ADVISOR IF THEY REQUIRE SPECIFIC DIRECTION IN RELATION TO THEIR CIRCUMSTANCES. CONTENT MATERIAL, DATA, SPECIFICS, PRODUCT FEATURES AND OTHER INFORMATION IS SOURCED FROM A RANGE OF SOURCES AND NO LIABILITY IS ACCEPTED FOR ERRORS OR MISINTERPRETATIONS OF SUCH DATA.