ANZ to scrap car loans and consumer finance loans in April
At the end of April, ANZ will suspend its retail asset loans while it determines whether the rising cost of issuing the loans is worth the minor return the bank receives.
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Aussies drive record growth for car sales - time to find yourself a car loan?
If you thought about treating yourself to a set of new wheels in 2017, you're not alone - so did a record number of Aussies, according to ABS data.
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Aussies are revved up over cars with record breaking car sales
Depending on the person, buying a new car represents a milestone and some added responsibility. And according to recent numbers from the Australian Bureau of Statistics (ABS), many Aussies met that milestone in 2017.
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Mozo Experts Choice Awards reveal best value car loans of 2017
If you’re weighing up whether or not to take the plunge on a new set of wheels, you’re in for some good news. Mozo has today announced the winners of the 2017 Mozo Experts Choice Awards for car loans, revealing some of the best value loan options for car buyers across Australia.
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Sydney families forking out $3,000 extra a year for transport
When it comes to the car costs you associate with hitting your wallet the hardest, the price of petrol and tolls are probably the most likely to come to mind, but new figures from the Australian Automobile Association (AAA) have revealed car loan repayments to be the biggest drain on family budgets.
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Driving dilemma: Transport costing Perth families $16,652 a year
The price of transport in Perth is costing families around $16,652 every year according to the AAA’s (Australian Automobile Association) most recent Transport Affordability Index, with car loan repayments making the biggest dent in household budgets.
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Electric vehicles taking our roads by storm as affordability improves
As electric vehicles become ever-more affordable to buy and run, the EV revolution may hit our roads sooner than expected, according to a new forecast by the advanced transport team at Bloomberg New Energy Finance (BNEF).
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Aussie car love affair costing $2.8 billion every week
Despite Aussies’ love affair with cars, keeping them on the road isn’t cheap. According to a new survey by RACV the average cost of running a car is setting drivers back $207.84 a week, a 1.6% increase from last year. With 13.8 million passenger vehicles registered on our roads this means our nation’s weekly car ownership bill sits at around $2.8 billion.
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Avoid the EOFY car sale trap: low interest rates don’t always mean low repayments
With the end of financial year - and the end of financial year sales - approaching, Aussies may be gearing up to splurge on a new car soon. But bargain-hunting drivers need to be careful of rising car loan costs when shopping this year’s sales.
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