The low interest rates have enticed a lot of consumers as well as business owners to act now while the rate is still low. A vehicle is something they’ll use for a long time, but rates like the current ones are rare to come by.
South Melbourne, VIC, Australia (PRWEB UK) 13 February 2013
According to The Australian, car sales are on track to set a new record high this year. Justine Milankovic, CEO of Finance Funding Australia, confirms the trends reported with her own experience with consumers through financing car loans.
Toyota Corolla was the top selling car in November with 4190 registrations. Together with the Camry, it helped traditional car formats record a strong month.
However, SUVs are the star performers, with sales up more than 26 per cent year-to-date.
“We’ve seen similar trends in our work consulting with consumers on car loans. Although people are shying away from large passenger cars, SUVs maintain their strong hold on consumers. It’s just what’s in vogue despite the fact that it uses up a lot of fuel,” said Justine Milankovic.
Commercial vehicle sales were up more than 14 per cent in November, signifying solid business investment.
“We’ve also consulted with a healthy number of businesses buying new trucks for their companies. The low interest rates have enticed a lot of consumers as well as business owners to act now while the rate is still low. A vehicle is something they’ll use for a long time, but rates like the current ones are rare to come by. People know that, so they are taking advantage of the great deals,” said Ms. Milankovic.
Australia is on track to surpass 1.1 million cars sold by the end of 2012. States rich in resources such as Queensland and Western Australia have seen the highest growth in car demand, with this year’s demand up 11 per cent in Queensland and 16 per cent in Western Australia.
Toyota will be the top selling car manufacturer in Australia this year, claiming 19.4 per cent of the Australian market.
“Toyotas are definitely popular with consumers. They are known to have well-made cars that are fuel-efficient, and that’s what consumers are gravitating to these days,” said Justine Milankovic.
Consumers and business owners who want to take advantage of the current low interest rates to finance new vehicle purchases can contact the loan consultants at Finance Funding Australia.
About Finance Funding Australia
Finance Funding Australia (FFA) was formed by a team of consultants with over 17 years of experience in the finance and automotive industry. Their consultants are known for providing superior customer service in all their past and current dealings. FFA handpicks their staff to ensure that customers get the service and respect they deserve, regardless of their credit history.
Finance Funding Australia works by assessing the customer’s profile first and advising them on the best approach. If the customer is interested in moving forward, FFA performs a credit check before submitting an application. This helps the customer avoid being penalized by other creditors. They can also help customers establish their credit history.
Get a low cost car loan at http://financefunding.com.au/.