Saturday, April 27th, 2013
Reuters has recently reported that car sales in Australia have risen in March by 7.4% more than it was in February. Statistics have shown that sales of commercial and utility vehicles take up the bulk of the figures. 

Overall sales for the first two months of 2013 are also up by 8.1% from the same period in 2012, and numbers are expected to continue growing towards the end of the year. 

These are exciting times for the Australian car industry as it experienced a record breaking year in 2012, and sales are still going strong in 2013. According to Deloitte's annual Motor Industry Services report, dealerships have sold over 1.1 million cars last year, a significant 10.2% increase from 2011. 

Dorian Lanthorpe, director of the Motor Industry Services at Deloitte, said, “It passed a million units, and it's only done that five times in history, and the five of those were in the last six years.” 

One of the many reasons for the upward trend of motor vehicle sales is highly attributed to the emergence of smarter and cheaper car loan finance. 

Experienced or first-time buyers now have the privilege of obtaining new car loans at competitive rates with additional terms that suit their financial circumstances. Financial lenders are more inclined to present car finance deals that create a win-win situation for both themselves and the buyer. 

In addition, the emergence of car loan advisors like Dreamloans plays an important role in helping Australian buyers determine the best type of car finance for them. This gives buyers the convenience of securing the best deals available in the market at a quicker pace, and more flexibility to customise their loan options according to their preference and financial capability. 

More importantly, this surge can also be attributed to the fact that employees are getting smarter with their Salary Packaging options, which allows them to reduce their taxable income and save thousands of dollars on car finance. 

The possibility of securing low interest rates on car loans and the strong Australian dollar are viewed as the main driving forces behind the jump in car sales the past two years. 

“A unique combination of the high Australian dollar, low global interest rates and a push by foreign manufacturers to offload more cars in Australia to make up for falling sales elsewhere have pushed prices to record lows relative to incomes,” Mr. Lanthorpe said. 

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Dreamloans aims to provide Australian motor vehicle buyers source the best car finance solutions so that they can obtain their dream car without the hassle of dealing with complicated loan terms and procedures. 

Theo Kouzapa
P: 1300 780 050


Car Loans Adelaide, Bad Credit Car Finance, Business Car loans, Car finance, Cheapest Car loans



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