Financial Counsellors Resource Project (FCRP)

ABOUT FCRP

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The Financial Counsellors Resource Project (FCRP) provides a support service to Financial Counsellors and Department for Child Protection (DCP) staff in Western Australia.

FCRP commenced operation on 5 June 1990. FCRP is funded by the Australian Government Department of Families, Community Services and Indigenous Affairs; Department for Child Protection; the Law Society of WA – Public Purposes Trust fund; and Lotterywest (one-off grants).

FCRP is managed by a community based management committee, elected annually at the Annual General Meeting.

FCRP’S SERVICES

FCRP provides Financial Counsellors and Department for Child Protection staff with:

  • legal advice
  • casework support meetings
  • collation of information and resources to assist with casework and community education activities
  • regular newsletters
  • resource library
  • information sessions
  • promotion of financial counselling
  • assistance and support of new financial counselling services and staff

In addition:

  • provides contact details of the nearest Financial Counsellor for members of the public.
  • addresses social action

COMPLAINTS

FCRP is committed to ensuring that it gives its clients the best possible service.  If you want to make a complaint you may do so by completing this form.

 

DISCLAIMER

The material on this website is compiled as general information for financial counsellors and Department for Child Protection financial assistance officers in Western Australia.  No person should rely on its information alone as the basis for making financial or legal decisions, but should seek independent advice from a qualified person relating to their own particular circumstances.  The Financial Counsellors Resource Project does not warrant that the information is accurate, complete or up to date and it and its staff and contractors disclaim any liability for any errors or omissions however caused.

Get Your Dream Car Finance

Get Your Dream Car Finance With A Good Deal

Cars & Utes

 

If you are thinking about buying a car, you might have thought about buying it in cash. Of course, this can have its benefits, such as the fact that you do not have to worry about making a car payment each month. However, using a car finance deal to pay for your car can still be a better choice and can help you get the car of your dreams.

Get the Car That You Actually Want

For one thing, if you have to buy a car in cash, then you might find that your options are limited. After all, if you’re like most people, you probably don’t have unlimited amounts of money in your savings account to spend on a car. Even though you might be able to find a used car that you can pay for with the cash that you have saved up, you might have a hard time buying the one that you truly like. If you use a car finance company to help you buy a car, however, you may be able to qualify for your dream car. Then, you can feel proud of what you drive, and you can help ensure that you have a nice, reliable vehicle that won’t leave you stranded on the side of the road and that won’t need any repairs any time soon.

Keep Your Cash

Another good thing about using a car finance company to purchase your car is that you can hold on to your money. Even though buying a car outright without the help of a car finance company might seem like a good idea, it could leave you with little money left in your savings account. Then, if you find yourself in an emergency situation, you might not have the money that you need to take care of things. With a car finance company, though, you can hold on to more of your cash while still buying a great car. Then, you will know that you have a little bit of a buffer in your savings account, which can provide peace of mind and help you out in an emergency.

As you can see, using Car Finance Stratton Finance to help you pay for your car can be the smarter choice. If you head to a dealership near you, you can find out more about the cars that are available. Then, you can find out about the different financing options that are available to you. If you take the time to check offers from a few different car finance companies, you can find the best loan and interest rate for the vehicle that you want. This can help you ensure that you are truly making a good financial decision.

BMW Car Finance

BMW car finance

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If you want a quality car that looks good and also is a brand you can be proud of, you can’t go wrong with BMW. BMWs are very sought after cars that are considered to be in the luxury class. As luxury cars go, BMWs are on the lower end when it comes to price, and there are a few models that start at under $50,000. However, that’s still a lot of money for anyone but the very wealthy. If you are looking to buy a BMW, it’s likely that you are going to need a source of BMW car finance. Here are some of the common sources that you might want to use.

Dealer financing
One of the top sources of BMW car finance, is financing from the dealer from which you are buying the car. Dealer finance programs tend to offer you lower rates and better terms than you can get from other sources. This is often because the car manufacturer or the dealer itself is subsidizing the loan to artificially lower the rate. That’s how you can wind up with 0 percent financing and/or loan terms that extend beyond five years. To get the top dealer deals on BMW car finance, you have to have a very good credit. You also are more likely to get a top deal at certain times of the year when the dealer is looking to boost sales, such as at the end of the calendar year.

Banks
Another top source of BMW car finance is banks. Car loans and home loans are among the top consumer lending products that banks do, so they are always looking to do car loans. Bank finance rates usually are competitive, although, as with dealer financing, you need to have a good credit score to get a loan. Dealers usually do not require down payments on the car to get a loan, but a bank may. It’s a good idea to shop around at several banks when you are looking at Stratton BMW Car Finance.

Finance companies
There are companies that specialize in giving loans, including car loans, and they can be a source of BMW car finance. Finance companies are similar to banks except that all they do is lend money. If you are looking at this as your option for BMW car finance, keep in mind that the terms will not be as favorable. You are likely to get a loan with a higher interest rate, so this should only be a last resort.

Car Loans

Top Reasons to Shop for Car Loans Online

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Many people think that they have to go to car dealerships so that they can get started in looking for car loans. Others think that they have to go directly to the banks or lending offices. Even though these are both options, they are not the only way to shop for car loans. In fact, nowadays, you can do a lot of your vehicle loan shopping online. These are some of the top reasons why this can be a good idea.

Save Time

First of all, by shopping for car loans online at first, you can save yourself a whole lot of time. Many lenders will allow you to get pre-approved for one of their loans by filling out their online applications. This can help you find out which loans you qualify for without ever having to leave your house and without having to take time off of work. Instead, you can shop around when it is most convenient for you.

If you do get approved, you will probably still have to go to the car dealership. You may even need to speak to the bank directly over the phone or head to their office. However, since you might have filled out most of your information online, you can speed along the process significantly.

Find More Lenders

Another good thing about shopping for Car Loans Stratton is the fact that you can find a lot more lenders rather than being restricted to just using the lenders that your car dealership works with directly and instead of being restricted to lenders that have offices in your local area. This can help you improve the chances of finding a good loan.

Do Your Research

When you are in a bank office or in a car dealership, it can be easy to feel pressured into taking certain car loans. When you shop around at home online, however, you can take your time and do your research about each company. This can help you make a smarter and more well-informed decision.

As you can see, if you are in the market for a vehicle loan and are looking for companies that offer car loans, it can be a good idea for you to get started with your search online. Then, you should be able to find out more about the car loans that are available for you, and you might even get approved for a loan for the car of your dreams.

Novated Lease Save You Money

How a Novated Lease Can Save You Money

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If you are like many people, you might always be looking for ways that you can save money. One option that you might have heard of but that you might not know much about is a novated lease. This is a specific lease arrangement in which you work with your employer to lease a car. Unlike with a traditional car leasing arrangement, however, you will not be the one who makes the payments to the lender. Instead, your employer will make the payments on your behalf, and the money for the payments will come out of your pre-tax income. These are a few reasons why this type of arrangement might save you a lot of money.

Avoid Paying More Taxes Than Necessary

A lot of people find that a significant amount of money comes out of their paycheck each and every pay period. If you are one of these people, you might be wondering if there is a way that you can reduce the amount that you have to pay out in taxes. One such option is by choosing a novated lease https://www.strattonfinance.com.au/novated-lease/novated-lease-salary-packaging.aspx

As mentioned above, the money that is used to pay the payment on your novated lease will come out of your paycheck. However, if you were to make your own lease payments, the money that you would use to pay your payments would be taxed before you ever received it. In fact, this might be the type of situation that you are in right now with your lease or car loan payments. By choosing a novated lease, you will not have to pay out as much in taxes as you do right now. Depending on your income level, this can save you a significant amount of money each year.

Avoid Worrying About the Cost of Car Maintenance

There a couple of different types of novated lease options that you can choose from. Many people find that choosing a novated lease that includes vehicle maintenance is the best step. As you might already know, worrying about things like oil changes can get costly and can be a major pain. Plus, you might find that you have not always budgeted for these things like you should. The good thing about a novated lease that includes maintenance is the fact that the maintenance costs are covered in the cost of the lease. This means that you do not have to worry about them at all. Not only can this save you a lot of money, but it can save you a lot of hassle and stress as well. With this type of arrangement, all you really have to worry about is driving the car. The rest is taken care of by your employer.

If you are looking for ways to cut costs in your budget, looking into this type of lease arrangement can be a wonderful option. If you talk to your employer or someone from your company’s human resources department, you can find out more about this type of lease.

Most Common Car Finance FAQs

The Most Common Car Finance FAQs

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When it comes to buying a new or used vehicle it’s likely you will have to set up a car finance schedule in order to afford the purchase. If you have never financed a car in the past, it can be a new and exciting experience. Let’s go over some of the most commonly asked questions about the topic of car finance so that you can get a better idea of how this all works.

What Will I Need For A Car Finance Company?

When you go to apply for an auto loan at a local bank or the dealership, you will need a few things. The lender basically wants to assess your risk, which is how likely you are to pay back the loan. They will require you to give them your personal information, such as your date of birth, full legal name, and your social security number. You will need to supply them with your employment information and, in most cases, they will require a copy of your previous week’s pay stub to verify your income.

How Can You Get A Good Auto Loan Rate?

Stratton Car Loans lenders base their lending decisions on a person’s credit score and history. The best way to get a low-rate on your auto insurance loan is to have a high credit score. There are five main factors that go into your credit score. These include paying your bills on time, having low amounts out on your credit cards, keeping long credit accounts open, having minimal recent inquiries, and having a good mixture of debt types. The higher your credit score, the better your interest rate.

Should I Get My Loan From The Dealer Or A Bank?

There are two different car finance options available for you to take advantage of. These include direct lending from a bank and dealership financing. The best option is going to be different for everyone. When you go to a direct lending source you can shop around for the best rates at different banks. When you finance through the dealership, you can take advantage of special discounts and rebates that are not available to those who refuse dealership car finance.

How Long Is A Car Finance Loan For? 

The length of your car finance loan depends on the specific lender and the terms you agreed to. There is no set number of years or months that a vehicle loan must be set up for. Both direct lenders and dealership financing typically offer between one and five-year financing options.

You should take the time to figure out how much you can comfortably afford to pay each month towards your new vehicle. Depending on the purchase price of the vehicle and the estimated monthly payment range you can afford, your lender should be able to give you the desired number of years that best suits your financing needs. Always ensure that whatever the loan term you are agreeing to, that you can comfortably afford the monthly payments.