A lot of people are confusing recent media regarding APRA & investment lending rules with the NCCP Act. This is a handy guide regarding loans for personal, investment and business purposes & how the credit legislation affects their respective loan approval criteria and compliance requirements. NB: This is...
One of the most common requests each day from our business lease enquiries is for a factual summary of how the finance method may impact upon their business cash flow and tax. Naturally, the best person to discuss your tax needs with is your company...
One of the most important decisions you're faced with when selecting a car loan is whether you wish to have a Residual Value or "Balloon Payment" on the loan, and, if so, how large you want it to be. Having a residual value/Balloon payment will affect the amount of...
Starting or growing a business can be a difficult task, and if market conditions are uncertain it is difficult to commit yourself to spending thousands of dollars on new equipment, even if it may be essential in running your business more effectively. An important part of...
In essence, a novated lease is a contract between an employer, an employee, and a finance company. An employee enters a Car Lease agreement with the financier, for which the employer takes on the obligations of monthly repayments etc. These repayments are made from the...
A Chattel Mortgage is a commercial finance product in which the customer takes ownership of a vehicle (chattel) at the time of purchase. How does a Chattel Mortgage work? The financier will advance funds to the customer for a vehicle purchase, at which point the borrower takes...
In a business, cash flow is everything. There is no doubt that investment in technology and resources can bring about marked efficiencies and financial savings. If you look at your current running and maintenance costs and output and productivity data, and then compare this information to...
Purchasing a new car is exciting, regardless of whether it’s straight from a showroom, or a used car. If you’re looking for a used car to fit your budget, there are some extra things to consider, but it’s possible to get great value and stay...
When it comes to car financing, it’s next to impossible to find a truly 0% car finance. Though these offers may sound great, it is vital you read the terms and conditions carefully, as it’s probable you will be paying additional fees and charges somewhere...
It is easy to be tempted by dealer finance that looks fantastic, but in reality comes with more hidden charges and fees than you bargained for. Organise your finance before you go car-hunting to ensure you’re getting the best deal on your car finance. Often...