Justin Korner - The Finance Korner

Justin Korner - The Finance Korner Dealing with the banks so you don't have to.

28/02/2026

Most people think refinancing your car loan to a better rate is the fastest way to drop repayments, and it can be, but it's not always guaranteed to give you the biggest reduction. If you really want to drop repayments significantly to free up cashflow, then the fastest way to do it is by extending your loan term back to 7 years, which could slash your weekly or monthly costs immediately.

Here's how it plays out: if you've got, say, four years left on a car loan, your repayments are high because the lender is forcing the balance to be paid off quickly, but if you refinance or restructure that same balance back out to seven years, your weekly or monthly repayments could drop straight away. Early repayment fees should always be considered before making this move, so check with your lender first to understand the total cost.

Now the very important caveat to this is that you'll pay more interest long-term by stretching the loan out, but if you're desperate to drop the repayment to free up cashflow or you think that money is better spent somewhere else like investing, growing your business, or covering other expenses, then this trade-off can make sense. It's about understanding whether you're optimizing for cash flow now or total cost over time, and making a strategic decision based on your current financial priorities.



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

26/02/2026

What could it cost to finance this absolute machine?



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

24/02/2026

Changing jobs doesn't automatically stop you getting a car loan, but the details matter and understanding what lenders look for could be the difference between approval and rejection. If you've moved into the same industry, same role type, and similar pay, some lenders are completely fine with it even if you've only been there a few weeks, because from their perspective, your earning ability hasn't changed, just the logo on your payslip.

Where it gets tricky is probation, because some lenders are happy to approve a car loan while you're on probation, whereas others want to see it completed, and that decision usually comes down to how stable your employment history looks overall and which bank you go with. The second big factor is employment type: if you're full-time or permanent, lenders are much more relaxed, but if you're casual, contract, or probationary, some lenders still say yes but may limit options or borrowing amounts.

If you've changed industries, dropped income, or gone from full-time to casual, that's when approvals slow down or fall apart, though they're still possible, not because the loan is bad but because the income is harder to rely on. Something to remember is that car loans are usually far more flexible than home loans because the car itself is the security, so lenders don't need years of history, they just want to see that income is coming in and likely to continue.



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

22/02/2026

Loads of controversy over the new 2026 Hilux look!



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

20/02/2026

Is this cheap?


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**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

18/02/2026

Selling a car before the loan ends sounds messy, but it's actually really simple if you understand this one thing: the loan itself doesn't disappear just because the car is gone. When you sell the car, the loan balance still exists and needs to be cleared, which usually happens in one of two ways: either the sale price covers the loan, or it doesn't.

First, you need to find out your payout figure from the lender, including checking if there are any early repayment fees, which is the exact amount needed to clear the loan. If the sale price is higher than the loan balance, the loan gets paid out and you keep the difference, but if the sale price is lower than the loan balance, you'll need to cover the shortfall with cash because the lender won't release the car to the buyer until the loan is cleared.

This is where people get caught, especially with longer loan terms, because cars depreciate fast and if you've financed over 6 or 7 years, you could owe more than the car is worth, which is called negative equity. There may also be small exit or break fees depending on the lender, so the key takeaway is this: you're free to sell the car at any time, you just can't sell it and leave the loan behind without clearing the balance first.



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

16/02/2026

What could it actually cost each week to get behind the wheel of this blacked out 2019 Range Rover, because the numbers might surprise you depending on how you structure the finance. This one is priced at roughly $125,600 including government charges and establishment fees with 75,000 kilometres on it, and if you wanted to finance the whole amount with zero deposit, you're looking at roughly $595 a week over a five-year term, though this will vary depending on your business, individual circumstances, and credit profile.

If you put down a 20% deposit, which is roughly $25,000 upfront, the weekly repayment drops to about $476 a week, saving you over $100 per week just by having some skin in the game. Here's something buyers don't usually think about: a lot of lenders will offer the option of a balloon at the end to drop your weekly cost even lower, and while you'll still be required to pay off the balloon as a final payment on the loan including the interest incurred on it, the balloon lets you keep more cash in your pocket now, which is especially handy if you're a business owner juggling multiple expenses.

So the real question is, would you pay $595 a week to daily a Range Rover, or would you structure it smarter with a deposit and balloon to reduce your weekly burn and free up cash flow for other priorities?



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

14/02/2026

Here's the 4-step checklist you need to run through before buying a new car, so you don't overpay, because skipping even one of these steps is where the extra thousands disappear. Step one is knowing the real market price before you even talk to a dealer, and that means checking multiple listings, different dealerships, and recent sale prices for the exact same model, spec, and year instead of relying on one listing or what the salesperson tells you.

Step two is separating the car price from everything else by never negotiating monthly repayments first, because you need to lock in the drive-away price of the car before finance, warranties, trade-ins, or add-ons even enter the conversation, which is where dealers quietly pad margins. Step three is don't take dealer finance without checking alternatives, because dealers make serious money by offering what looks like low interest rates while hiding it in loan fees, and a good asset broker can access multiple lenders, strip out rate padding, and often save you thousands over the life of the loan.

Step four is questioning every add-on like extended warranties, paint protection, tyre cover, and shortfall insurance by asking what's optional, what's removable, and what happens if you say no, because most people overpay right here without realizing these extras are negotiable or unnecessary. Following this checklist could save you $5K-$15K+ on your next car purchase by preventing dealers from inflating the price through bundled add-ons, padded finance, and lack of price transparency.



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

12/02/2026

Financing a jet similar to Air Drake's Boeing 767 would cost an absolute fortune in ongoing expenses that go far beyond just the loan repayments. Cleaning alone could run $20K+ per service depending on frequency, while staffing costs around $25K per month for cabin crew, plus pilots commanding $50K per month or more for experienced commercial jet operators.

Maintenance is where costs really escalate, with $100K+ going toward regular inspections, parts, repairs, and compliance with aviation safety regulations that can't be skipped or delayed without grounding the aircraft. Fuel and registration could hit $580K monthly, depending on flight hours, routes, and fuel prices, making operational costs astronomical even before you factor in hangar fees, insurance, and unexpected repairs.

The loan repayments themselves could be around $2.5M per year depending on the purchase price, interest rate, and loan term. Unless you're generating serious revenue from charter operations, corporate contracts, or you're incredibly wealthy and using it for personal/business purposes, financing and operating a Boeing 767 is a financial commitment that only makes sense for the ultra-rich or businesses with massive cash flow to support the ongoing burn rate.



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

09/02/2026

Financing a BMW M4 Competition with no deposit, a 20% deposit, or a balloon payment structure changes your monthly repayments and total interest costs, so understanding how each option affects your cash flow and equity position could help you choose the right structure for your situation.

Working with an asset finance broker could help you model out each scenario based on the interest rates available, compare how different structures affect your total cost and equity position over time, and choose an approach that balances affordability with minimising risk and keeping your finances flexible for future opportunities.



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

07/02/2026

Financing a Toyota Hilux, could actually make financial sense because these cars hold their value well, and the loan can be secured against an asset that may not depreciate as much as some other vehicles.

Finance for a Hilux is generally easier to secure and comes with more competitive rates compared to luxury or exotic cars, because some lenders view them as lower risk given their proven reliability, strong resale market, and practical use cases that suggest the borrower isn't overextending for lifestyle reasons.

Working with an asset finance broker could help you access the best rates for Hilux finance, structure it correctly if there's any business use involved, and ensure you're getting a loan term and repayment structure that aligns with how long you plan to keep the vehicle and what it's genuinely worth throughout the finance period.



**Content is general information only and not personalised credit advice. Loan eligibility, rates, repayments, fees and lender policies vary and can change. Speak with a licensed broker for advice tailored to your situation.**

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