Looming Ford Closure and Toyota’s $149M Profit Speak Volumes about Cars Bought and Leased in Australia
Caulfield, VIC, Australia (PRWEB UK) 4 July 2013 -- Toyota revealed that it posted $149M in profit in Australia while Ford is pulling out in 2016 after losing almost as much last year. Finance Funding Australia, a company who helps Australians with car finance, truck finance, car leasing, and other related services has remarked on the rising trend of Aussies driving Toyotas and other imports and how this could impact car financing in Melbourne and other cities in Australia.
“As a company providing car loans in Melbourne and the surrounding area, we, too, have seen the trend in cheaper import cars as they can be more affordable for those seeking a car loan.” says Justine Milankovic, CEO of Finance Funding Australia, “Financing cars and trucks is a major undertaking for people and companies such as Toyota who have the most popular cars in the country are getting a lot of business due to affordability factors. We see a lot of people applying for car loans and car leases for these inexpensive options as opposed to more expensive cars.”
Corolla, HiLux, and Camry Among Most Popular Automobiles Driven in Australia
An AAP article on Yahoo Finance talked about the fact that the Corolla, HiLux, and Camry were among the most popular vehicles in Australia as well as the numbers reported as lost by Ford and other car makers that will result in major job losses.
Finance Funding reports that they’ve seen a rising trend in people in Australia who are more cost conscious about their transportation expenses, likely because many financial experts recommend that transportation costs do not exceed 15% of your income, including the car payment, insurance, and maintenance costs. With advice like that, coupled with the cost of fuel, more Australians than ever are looking to keep their transportation expenses as low as possible.
In talking about car loans, Ms. Milankovic said, “A factor many car loan companies look at when approving car loan applications is overall cost versus the earnings of the car loan applicant and the lower prices of many of these imports could help more Aussies qualify for a car loan or car lease due to an affordable payment.”
Finance Funding offers details and quote information on their website at http://financefunding.com.au/.
About Finance Funding Australia
Finance Funding Australia has almost 2 decades of expertise in consumer car loans, finance leases, novated lease contracts, commercial hire purchases, chattel mortgages, and more. The company works with several lenders and offers free quotes and advice at http://financefunding.com.au. The company may also be in a position to help many of those who have trouble qualifying for a car loan from a traditional lender. Contact Finance Funding for car loan information by phone on 1300 855 451 or via email at info(at)financefunding(dot)com(dot)au.
Contact Details:
125 Thistlethwaite Street South
Melbourne VIC 3205
Media contact: Justine Milankovic
Follow Finance Funding on Twitter: http://twitter.com/FinanceFundAus and on Facebook – http://www.facebook.com/FinanceFunding. There is also an informative blog at http://financefunding.com.au/category/blog/.
Justine Milankovic, Finance Funding Australia, http://www.financefunding.com.au/, 1300 855 451, [email protected]
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