Personal Property Securities Register – Avoid Financial Disaster!
The Personal Property Security Register (PPSR) is a powerful tool that both individuals and businesses can use to protect their interests when buying:
What are my Balloon Payment Options?
The Balloon Payment (or Residual) is the final payment needed to finalise an equipment or motor vehicle finance contract. Business owners and individuals often prefer to include a Balloon Payment in their finance contract to reduce their monthly repayments.
Leasing Business Equipment – Tips for Success
If you are thinking about leasing business equipment, it is important to understand the options available. To help you make an informed decision I’ve prepared the following checklist of important issues to consider.
Avoid Disaster When Buying a Second-Hand Car!
The Personal Property Security Register is a national (government) online register designed to protect consumers buying a car, boat and even artworks. If a motor vehicle is financed, the Lender will register a charge over the motor vehicle to secure the loan By undertaking a…
The Motor Vehicle Finance Handbook – Free eBook
If you use your motor vehicle primarily for business purposes and are thinking about changing or upgrading, download our free eBook - The Motor Vehicle Finance Handbook. For some people a motor vehicle is just a practical tool, for others it is a reward or…
Understanding Novated Leasing
Novated Leasing is a popular, and often a financially attractive way employees can lease a car from their pre-tax income. This is known as salary sacrificing. By paying the lease from pre-tax income it in effect also reduces your taxable income.
Chattel Mortgage or Finance Lease?
The main way a Chattel Mortgage differs from a Finance Lease is ownership of the asset. With a Chattel Mortgage, the lender advances the borrower the money to buy the asset and registers a "mortgage" over the asset as security for the loan. When the…
Home Loan or Car loan – Avoiding the Pitfalls!
Low interest rates on home loans make it appealing to roll a car loan into your mortgage. At face value this makes sense, but there are significant risks! If you’re not careful, your new car could cost you a lot more than if you took…
Car Buying Service – A better way to buy your new car!
Buying a car can be an exciting time, however you can make the process a lot easier and far more enjoyable by using a Car Buying Service. I love the experience of driving a new car, but for many years disliked the process, particularly negotiating…
Why You Should use a Broker for Car Finance!
You have found the motor vehicle you want and can’t wait get behind the wheel, now comes the question of car finance! Once we have been through the process of research, test driving and negotiation – it is tempting to quickly arrange the finance, so…