Salary Packaging an Electric Vehicle

It is now far more affordable to salary package an electric vehicle. The cost difference between electric and petrol/diesel vehicles has been a major factor in Australia’s slow adoption of electric vehicles. The Federal Government introduced legislation in July 2022 to significantly reduce the cost of electric vehicles for Australians. Employers who allow current employees [...]

What is a Credit Score and Why is it Important?

When you seek to borrow money your credit score is important! Your credit score is one of the key considerations used by Lenders to decide whether they should lend you money, on what terms and at what rate. It is a valuable asset, that needs to be monitored and protected. What is included in your [...]

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: Motor Vehicles Equipment Goods Business Assets Used Equipment/Goods Intellectual Property What is the Personal Property Securities Register? The Personal Property Securities Register is a Federal Government online platform that was launched in [...]

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. Balloon Payments bear interest but are not amortised over the term of the facility They approximate [...]

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. Leasing Business Equipment - The Business Case A key motivation for leasing business equipment is often its potential to generate income or [...]

Avoid Disaster When Buying a Second-Hand Car!

There is a simple, low-cost, step that will help avoid disaster when buying a second-hand car! That is; use the federal government Personal Property Security Register (PPSR). A quick search will cost only $2 but it could save you thousands! The PPSR can help you avoid financial disaster by confirming: The vehicle is not held [...]

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 realisation of an aspirational goal. Whatever the reason, to avoid [...]

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. How does Novated Leasing work? To access Novated Leasing the employer needs to offer [...]

Chattel Mortgage or Finance Lease?

A question I am often asked by clients is, "What is a Chattel Mortgage and how is it different from a Finance Lease?" A Chattel Mortgage and a Finance Lease are both finance products typically used by businesses to acquire: Business equipment Motor Vehicles How a Chattel Mortgage is different from a Finance Lease 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 out a separate car loan! In fact, in a worse-case [...]

  • Sharon Piening
  • 24 September, 2018
  • 0 Comment