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Hello
Welcome to our free eNewsletter brought to
you by Top Home Loans.
Every month, we bring you news, reviews, offers,
and ideas to help you get the most out of your mortgage & finances. We
hope you find our special September issue featuring Leasing
Solutions of an interest.
 Pauline-NSW Finance Manager
Disclaimer: Information presented in this newsletter must not to be
taken as personal financial advice – please consult with qualified
professionals before taking any action.
Featured Stories
NEWSFLASH!
Top Home Loans have launched its dedicated leasing
division 'Top Leasing Solutions'. Ryan, our dedicated Leasing and
Commercial finance consultant is here to assist you with your leasing
enquiries.
Ryan comes to us with many years experience
within the industry specialising in these areas.
Ryan has an enthusiastic approach to his work and is happy to discuss any
possible scenarios with you. With Ryan's involvement we can now
expand on our range of finance solutions to our valued Top Home Loans
Clients. Tel: 1300 78 63 78
Leasing
Considerations 
Leasing is a contractual agreement granting the
use of some capital asset for a specified time in exchange for an agreed
upon payment amount. A lease can be favourable
compared to outright purchasing due to different payment schedules and
possible tax handling.
Vehicle leasing in particular can be a very
attractive alternative to buying for many people, although maybe not for
everyone. You must decide about the importance of these benefits to you.
So, what are the potential benefits of leasing when compared to
conventional new-car purchase loans?
Lower Monthly
Payments
Because you're only paying for the portion of the car or truck that you
actually use, your monthly payments are 30%-60% lower than for a purchase
loan of the same term.
More Car, More Often
Since your monthly payments are lower, you'll be able to get more car for
the same money and drive a brand new vehicle every two to five years,
depending on the term of your lease.
Fewer Maintenance
Headaches
Most people like to lease for a term length that coincides with the length,
in months, of the manufacturer's warranty coverage so that if something
major goes wrong with their car, it's always covered.
Lower Upfront Cash
Outlay
Most leases require little or no deposit, which makes getting into a new
car more affordable and frees up your cash for other things. However, you
can choose to make a deposit to lower your monthly payment amount.
No Used-Car
Hassles
With leasing,
the headaches of selling a used car are eliminated. When your lease ends,
you simply hand it back to the leasing company and walk away, unless
you decide to buy or trade the vehicle.
Contact us today to ensure
your leasing needs are met. Call 1300 78 63 78
Novated Leasing 
Designing of an effective salary package, often includes a
car. This can have attractive tax benefits for both employee and employer.
As an employee, you may find that a Novated
Finance Lease may be the best way to incorporate the vehicle of your liking
in your remuneration package, helping you achieve more from your salary
package and the car you drive. For employers, you are able to address one
of the major benefit requirements for your staff through the provision of
an attractive novated offering.
Contact us today to ensure
your novated leasing needs are met.
Call 1300 78 63 78
Lease or Buy? 
It's a common dilemma: lease or buy, buy or lease,
which is better?. Everyone who has ever considered
leasing has had this question cross their mind. So what is the answer?
It depends.
Leases and loans are simply two different methods of
automobile financing. One finances the use of a vehicle; the other finances
the purchase of a vehicle. Each has its own benefits and drawbacks.
It's not possible to simply say that one is always
better than the other because, well, it depends on your own particular
situation and preferences.
You must not only look at the financial
comparisons but also at your own personal priorities — what's important to
you.
Is having a new vehicle every two or three years
with no major repair risks more important than long-term cost? Are long
term cost savings more important than lower monthly payments? Is ownership
more important than low up-front costs and no down payment?
So, making the lease or buy decision is not quite
cut and dry.
To enquire about leasing benefit
analysis, simply call our office on 1300 78 63 78 or visit our web site and complete a
2 step form to book a free consultation in the convenience of
your home or our offices.
Deposit Bond and How It Can Work For You 
A deposit bond is a guarantee to the Vendor equal
to the amount of the deposit required. It effectively takes the place of a
cash deposit between the time of exchange and settlement of the property.
It is quick, cost-effective and a convenient
alternative to tying up your assets when needing to raise a deposit.
You can use a Deposit Bond to secure a property
which may not settle for up to four years. This means you can continue to
earn interest on your investments, avoid paying the high cost of a loan or
securing a bank guarantee until it is time to settle the property.
Benefits for Purchasers:
• Deposit Bonds are Unsecured (ie.
No mortgages or charges are taken over property assets).
• The Deposit Bond cost ranges between 0.3 and 1.255% of the purchase price
and is calculated with respect to the term and value of the Deposit Bond
required. This amount is paid once at the time of application. A fee is not
charged if the applicant does not qualify for the deposit bond.
• Deposit Bonds generally have proved to be more cost effective than using
your own savings, bank guarantees or loan monies.
• No loan approval is required to have a deposit bond issued on a bond with
terms of 6 months or greater.
• Turnaround Time - from receipt of a satisfactory completed application
and supporting documentation can be completed in as little as 5 minutes.
• Provides you with an opportunity to purchase the property of your choice
whilst keeping assets untouched until needed at time of settlement.
Top Home Loans have direct web access to main
competing deposit bond financiers. To arrange online application, simply call Top Home Loans on 1300 78 63
78 www.tophomeloans.com.au
Hot, Low Rate Update
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Loan Type
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Interest
Rate
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Comparison
Rate
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Introductory Honeymoon Rate
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5.44%
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7.40%
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Basic Variable Rate
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6.65%
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6.66%
|
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Standard Variable
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6.40%
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7.71%
|
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1 Year Fixed Rate
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6.19%
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6.82%
|
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3 Year Fixed Rate
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6.69%
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6.83%
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5 Year Fixed Rate
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6.69%
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6.91%
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15 Year Fixed Rate
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7.32%
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7.96%
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Lo Documentation (Lo-Doc) Rate
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6.50%
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7.81%
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Ask us about low Professional Package Rates which vary by loan
size.
* Above rates applicable as at 01st of September,
2005. Lender conditions apply.
Coming Next Month..
We will focus on a growing trend in mortgage payment claims as banks are
taken to the task on alleged miscalculations and claims of overcharging.
Plus, we will hear about the latest offers from our panel lenders.
Until then, we thank you for your interest and
continued support,
Everyone at Top Home Loans
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