Mick Herron in Townsville, Queensland | Mortgage brokers

Mick Herron

Locality: Townsville, Queensland

Phone: +61 400 334 411

Address: 58 Ross River Road 4812 Townsville, QLD, Australia

Website: http://www.rlafinance.com.au

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• Accountant
• Financial service
• Loan service
• Mortgage brokers

25.01.2022 Car Finance Rates are down again! Could this be the bottom? Don't miss out!! Use this simple calculator to find out how much you should be paying per month to finance your new car: From $30,000 to $35,000 $18.827 Per $1000.00 borrowed.... From $35,001 to $40,000 $18.767 Per $1000.00 borrowed. From $40,001 to $45,000 $18.720 Per $1000.00 borrowed. From $45,000 to $50,000 $18.685 Per $1000.00 borrowed. From $50,000 to $60,000 $18.660 Per $1000.00 borrowed. For example, if your new car costs $42,375.00 your monthly payments will be: 42.375 x $18.72 = $793.26 per calendar month. That’s calculated over a five year term (60 payments) with NO balloon payment. The only extra cost will be the establishment fee which will be a maximum of $560.00. These rates are correct at time of publishing, and will apply to you if you have a clean credit file, own some real estate (even if it’s mortgaged to the bank) and have had your ABN (GST Registered) for at least two years. You won’t even have to provide your trading results. I’d be happy to quote on any other term/structure you may be interested in. Call me on 0400 33 44 11. Other ways to save money when you’re buying a car: Check for things like ‘Origination Fees’ or ‘Referral Fees’ on your invoice. What are these fees for, anyway? Expect a discount on the Recommended Retail Price of the car. The discount should be at least 10 15% of the RRP, and can be much higher on some models. If there’s no discount, the money is being used to ‘discount’ something else, like an interest rate or maybe the cost of extended warranty. Don’t fall for it. Never compare interest rates. Compare instead, the cost in dollars of the whole transaction, including finance. Be especially wary if you are told that the price of your extended warranty or insurance or any other product is available at a discount only if you use the dealership’s finance package. This is known as Restrictive Trade, and it’s illegal.

23.01.2022 Check out my "Car Finance Calculator"

20.01.2022 Richmond Field Days. Sausages a la Sam. Nothing better to stick to your ribs after a hard day's field day-ing.

20.01.2022 The end of financial year craziness that comes around every June is finally over. There's nothing like a strict Tax Office deadline and a glut of EOFY business to really get things jumping!! Finance rates have moved upwards this month......but only slightly. I have updated the 'Finance Calculator' to reflect the new rates. As you'll see, it's still a very good time to finance a new car! Use this simple calculator to find out how much you should be paying per month to finance ...your new car: From $30,000 to $35,000 $18.9173 Per $1000.00 borrowed. From $35,001 to $40,000 $18.8557 Per $1000.00 borrowed. From $40,001 to $45,000 $18.8095 Per $1000.00 borrowed. From $45,000 to $50,000 $18.7735 Per $1000.00 borrowed. From $50,000 to $60,000 $18.7448 Per $1000.00 borrowed. For example, if your new car costs $42,375.00 your monthly payments will be: 42.375 x $18.8095 = $797.05 per calendar month. That’s calculated over a five year term (60 payments) with NO balloon payment. The only extra cost will be the establishment fee which will be a maximum of $560.00. These rates are correct at time of publishing, and will apply to you if you have a clean credit file, own some real estate (even if it’s mortgaged to the bank) and have had your ABN (GST Registered) for at least two years. I’d be happy to quote on any other term/structure you may be interested in. Call me on 0400 33 44 11. Other ways to save money when you’re buying a car: Check for things like ‘Origination Fees’ or ‘Referral Fees’ on your invoice. What are these fees for, anyway? Expect a discount on the Recommended Retail Price of the car. The discount should be at least 10 15% of the RRP, and can be much higher on some models. If there’s no discount, the money is being used to ‘discount’ something else, like an interest rate or maybe the cost of extended warranty. Don’t fall for it. Never compare interest rates. Compare instead, the cost in dollars of the whole transaction, including finance. Be especially wary if you are told that the price of your extended warranty or insurance or any other product is available at a discount only if you use the dealership’s finance package. This is known as Restrictive Trade, and it’s illegal.

17.01.2022 I suspect that some finance companies and brokers have been trying to push up rates and are trying to justify the move by citing end of financial year demand. Don't get caught. Rates are still very low. In fact, the payment calculator below is still accurate. Give me a call if you need to acquire anything for your business before EOFY, particularly if you need the most effective loan structure for tax deduction!!

16.01.2022 Took the Mighty Norton to Hughenden on the long weekend. Got wet on the outside and the inside!!

16.01.2022 Hmmm.... I see a major car manufacturer is offering 0% interest if you finance the purchase of one of their cars through their own finance company. Can anyone read the mile of fine print at the bottom of the TV advertisment? Does anyone else smell a rat?

14.01.2022 Yeah, OK, it's been a while since I poster anything, but there are two reasons for this. Firstly, it's been really busy, particularly in the lead up to Christmas. Secondly, rates for motor vehicles have been fairly stagnant. Towards the end of last year, rates for general machinery did push a little higher, and that trend is now evident in the rates available for motor vehicles. The good news is that, while some financiers have put up their car finance rates, there are still... bargains to be had if you know where to apply. In fact, my previous payment calculator can still be used to calculate the repayments on your new car if you can get in quick. If you're in the market to finance a new car, I have copied the calculator below. Car Calculator Use this simple calculator to find out how much you should be paying per month to finance your new car: From $30,000 to $35,000 $19.0067 Per $1000.00 borrowed. From $35,001 to $40,000 $18.94485 Per $1000.00 borrowed. From $40,001 to $45,000 $18.8985 Per $1000.00 borrowed. From $45,000 to $50,000 $18.862 Per $1000.00 borrowed. From $50,000 to $60,000 $18.834 Per $1000.00 borrowed. For example, if your new car costs $42,375.00 your monthly payments will be: 42.375 x $18.8985 = $804.92 per calendar month. That’s calculated over a five year term (60 payments) with no balloon payment. The only extra cost will be the establishment fee which will be a maximum of $560.00. These rates are correct at time of publishing, and will apply to you if you have a clean credit file, own some real estate (even if it’s mortgaged to the bank) and have had your ABN (GST Registered) for at least two years. You won’t even have to provide your trading results. I’d be happy to quote on any other term/structure you may be interested in. Call me on 0400 33 44 11. Other ways to save money when you’re buying a car: Check for things like ‘Origination Fees’ or ‘Referral Fees’ on your invoice. What are these fees for, anyway? Expect a discount on the Recommended Retail Price of the car. The discount should be at least 10 15% of the RRP, and can be much higher on some models. If there’s no discount, the money is being used to ‘discount’ something else, like an interest rate or maybe the cost of extended warranty. Don’t fall for it. Never compare interest rates. Compare instead, the cost in dollars of the whole transaction, including finance. Be especially wary if you are told that the price of your extended warranty or insurance or any other product is available at a discount only if you use the dealership’s finance package. This is known as Restrictive Trade, and it’s illegal.

11.01.2022 VCV boys waiting for the rush at the 'Curry show

10.01.2022 Bulldog Power!!!

10.01.2022 Working up a sweat with the VCV legends at tha Cairns Show.

09.01.2022 Congratulations England. Oh well....let's move onto the Rugby and hope we do better.

04.01.2022 Dingo Rack Aust pty ltd

01.01.2022 Richmond Field days. Anthony shows he's a dab hand on the guitar. Hooda Thunkitt??