Welcome to the July issue of Lendcorp News.

In this Issue

	Introduction
	Comparing Motor Vehicle Loans
	What Loan Best Suits You
	Over One Million New Cars Sold this Financial Year
	An Update on Kirby Prickett

In Other News

Business conditions remain strong to view article click here

We Finance:

New Cars
Used Cars 
Trucks
Boats
Caravans
Motorcycles
Motor Homes
Business Vehicles
Business Equipment
Earthmoving Equipment
Forklifts
Plant
Machinery
Office Equipment 

LENDCORP FINANCE

is accredited with
a panel of lenders
including:
  

Esanda Finance

GE Automotive

Capital Finance

BOQ Equipment Finance

RACQ Finance

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Introduction

WELCOME to the JULY 2007 edition of 'Lendcorp News'.

In this months issue we cover awareness, what to look out for when applying for a motor vehicle loan and what loan best suits you. 

On the light hearted side we give you an update on Kirby's travels, where is she now?

If you would like any other issues covered please do not hesitate to drop us a line at sales@lendcorpfinance.com.au

Kind regards

The Lendcorp Team

Comparing Motor Vehicle Loans

"Comparing apples to apples"

Comparing loans can be confusing as different lenders offer different
kinds of loans and loan features. 

What to be aware of:

Comparison Rate
This rate includes the interest rate on the loan plus all lender fees and charges, a true annual cost of the loan.

Monthly Repayments
This is the most important question to ask. 
You can then compare apples to apples as this may show that a low-interest loan with a high fee and service charge can be more expensive than a loan with a higher interest rate and low or no additional fees and charges.

What Loan Best Suits You

What is the most TAX EFFECTIVE way to finance ?

Whether you are buying a car privately or expanding your business, it is quite valuable to obtain some knowledge on what products are available, and what is most suitable to you.

To help you understand the various loans available click on the options below:

• Consumer Mortgage
• Novated Lease
• Chattel Mortgage
• Finance Lease
• Hire Purchase 
  

We have also included a comparison page to give you a quick overview click here.

Over One Million New Cars Sold this Financial Year

With  record sales in June of 105,000, Japanese brand vehicles pushed the total sales for the past financial year to 1,004,097.

The successful results included every brand of vehicle.

With the release of the New Toyota Corolla, reaching the top spot in its first full month of sales, the Japanese giant has had a record month reaching 24,500 in sales on all brands. 

Compared to last year, Mazda, Mitsubishi, Nissan and Honda have had a gowth rate of around 20 per cent, based on the first six months of this year.  In October 2007, Mazda with its 7.5 per cent market share are due to launch the new Mazda 2, into one of the fastest growing segments.

European importers have increased theirs sales by 40%, this includes Volkswagen and Audi, and the luxury brands of Ferrari, Aston Martin, Bentley and Lamborghini.

It is believed that new vehicle sales will continue to boom, given the current level of vehicle affordabillity, high employment, rising incomes and asset values.

An Update on Kirby Prickett

It was quite sad when Kirby said her goodbyes.  She had been an employee of Lendcorp Finance for three years juggling work and study.

 In completing a degree in Economics, she has secured a job in Canberra, with the Australian Government Treasury, as a Policy Analyst.  Congratulations Kirby.

That's all for this month's edition. 

In closing, we hope you have enjoyed this newsletter and look forward to some feedback

All the best from the Team at

Lendcorp Finance

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