We don’t think too much about taking our car in for a Warrant of Fitness when it is due. For a lot of people, they do it because they must, instead of doing it because it is good to know that your car is road-worthy and will continue to be a safe place to be for you and your family.

The other reason getting a Warrant of Fitness is a good idea is that it can identify problems with a car that, left to get worse, could end up costing the owner a lot more in the long run.

Like a Warrant of Fitness for a car, a regular financial review can identify things that a borrower is doing wrong (and doing right) and things that could be done better. For most of us a residential property is the most expensive item that we will ever own and (again for most) it comes with a lot of debt attached. Reviewing how your loan is structured could literally save you hundreds of thousands of dollars over the lifetime of the mortgage.  

Unlike most cars, property tends to go up in value over time, so a review can also identify opportunities to acquire investment property, or to upgrade to a better property.

Another important part of a financial review is KiwiSaver – Do you have it? Are you in the best scheme for you? Are you with the provider that suits you best? Insurance and risk are huge considerations as well and needs change over time as you get older. Increasing or decreasing the size of your dependent family and upsizing or downsizing your homes and property are examples of the changing requirement for the amount and type of cover you need.

The benefits of a financial review are many, and the potential gains and savings to be made by taking just one hour each year to sit down and talk about it with an Adviser are huge. More than enough to pay for the Warrant of Fitness you have to do for your car.

Whatever your plans or goals are – they start by looking at where you are and where you want to go. We know how important a review is and so we offer this service to clients at no cost.