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Car leasing whether for individuals or companies, can result in great cost-savings. Using car leasing companies can also reduce the amount of time you spend looking for car finance options. Traditionally shopping around for a finance option for your car purchase meant trudging into bank after bank, waiting in queues and often finding out that a bank car loan is hard to get and comes with a high interest rate, fees and charges.
A novated lease is three way agreement between an employee, employer and finance company. The novated lease is paid off using the employee’s pre-tax salary (salary sacrifice) but the employer is ultimately liable for the repayments for the term of employment.
Car leasing is a popular alternative to borrowing to purchase a business car, but car leasing can be a great alternative for individuals too. Whether you want to purchase a car or just rent one for a while, car leasing could be the answer. Car leasing is basically renting a car, similar to leasing an office or house. When leasing a car, the finance company purchases the car of your choice. They then allow you to use the car for the term of the lease in return for a monthly payment.
A chattel mortgage is a popular form of car financing that allows the borrower to take ownership of the car at the commencement of the chattel mortgage. A chattel mortgage is sometimes referred to as a goods mortgage.
There are lots of benefits when you salary sacrifice a car. A salary sacrifice car means all the lease payments and running costs are paid from your pre-tax salary. A salary sacrifice car arrangement with your employer may even reduce your taxable income resulting in a bigger tax refund. A further benefit of a salary sacrifice car is that the running costs of your salary sacrifice car are paid excluding GST.
Are you successfully self-employed but having trouble getting car finance? Banks and other lenders can be difficult when it comes to self-employed car finance, making you jump through hoops before knocking you back. There are two simple reasons why we can get you car finance even if you’ve been declined before – our range of lenders and products, and our self employed car finance applications experience.
There are lots of reasons why you might have a bad credit rating. Whether you fell on hard times in the past, had a flatmate who forgot to pay the bills or you were once bankrupt, you are likely to have a bad credit rating but that doesn’t mean you have to miss out on getting a loan. You could be eligible for a bad credit loan.
There are several ways to fund a car. You can save for months or years until you can purchase for cash, or you can seek finance, such as a car loan or lease. Either way, having a budget will help you control your money. Doing some simple calculations using a car loan calculator now will help ensure your new car fits affordably into your lifestyle.
With today’s ever tightening credit guidelines, it is so important to manage and protect your credit file as disputes with lenders, phone companies and energy suppliers can have a major impact on your future credit worthiness. In this article we will explore the views of consumers and lenders and the effect that unpaid bills can have. ...
The worldwide conditions in finance have changed in the past few months Major reasons contributing to this are: USA downturn in the housing market which has caused massive losses in some of the world’s major banks and private equity firms, massive losses on the world share markets, talks of a possible recession in the USA and the recent rogue trader who lost almost $8billion from one of France’s largest banks. ...
With interest rates so cheap these days, most small & medium sized businesses are choosing to finance their business assets rather than paying cash. These assets include cars, trucks, plant and machinery and are increasingly being turned over...