Welcome to the December issue of Lendcorp News.

In this Issue

	Introduction
	Dealer's Fully Stocked and Interest Rates Low
	Interest Rates on Credit Cards
	Superannuation

In Other News

Avoid the Credit induced Hangover this Christmas 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

Capital Finance

BOQ Equipment Finance

RACQ Finance

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Introduction

All our staff at Lendcorp Finance extend our "Very Best Wishes To You And Your Family For Christmas" and look forward to assisting you in the coming year. 

If you need assistance during the Christmas period, our office will be open for your convenience.

Once again, thank you and "Merry Christmas".
 

Kind Regards
 

The Lendcorp Team

Dealer's Fully Stocked and Interest Rates Low

With lower Interest Rates, and Car Dealers being fully stocked, buying a car NOW is worthwhile considering.

Manufacturers are throwing incentive to dealers which are being passed on to customers in the form of discounts. Dealers are focused on trying to shift mounting stocks of cars ordered during the boom times.

This in mind, there are a lot of bargains out there for both New and Used Cars.

Interest Rates

The RBA’s recent lowering of official Interest Rates, has seen rates for Motor Vehicles and Equipment at there lowest levels for many years.

So now may be a good time to look at your options.
 

Interest Rates on Credit Cards

Despite three consecutive cuts to official interest rates, not one credit card provider has dropped rates by the full two percentage points. In fact some have increased there rates.

The good news with credit cards is, that unlike Home Loans, they are easy to switch.

It pays to shop around, the best deal 12 months ago may not be the best deal for you now.

If you have a credit card that is charging you up to 20 percent, and you’re paying interest monthly, you can move to a lower interest credit card.

Look around to see what’s available and best suits you. Also talk to your bank, let them know you are thinking of moving and see if they are negotiable.

Banks want to hang on to customers right now as credit cards are a great source of fees and revenues for them, but it’s up to us to make sure that we are getting the best deal.
 

Superannuation

There is no doubt  your superannuation savings have taken a beating and those most affected are people close to or in the early years of retirement.   

But for people 15 to 20 years away from finishing work, investing in super may be a great opportunity.  Salary sacrificing $20 a week will provide you with about double the benefit you would have received with a similar strategy 12 months ago.

While investment values have fallen so far, the strategy of saving some tax and investing a little more into superannuation via salary sacrifice will enable you to take advantage of this market downturn and better position your superannuation for the future. 

There is no guarantees for the five or seven year period, it’s the long term, 10 years and over and investing $20 a week is highly likely to look like a smart strategy once you get to retirement.

Salary sacrifice also saves you some tax dollars. The average person (on the average income) pays tax at the rate of 31.5%. Salary sacrifice contributions to superannuation are only taxed at the rate of 15%. So, for every $1000 you take as a salary sacrifice you are paying $150 instead of $315.

So while investment values have fallen so far, saving some tax and investing a little more into superannuation via salary sacrifice will enable you to take advantage of this market downturn and better position your superannuation for the future.

That’s all for our 2008 edition.

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

"Wishing you a Merry Christmas".

Lendcorp Finance

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