Is the Australian New-Car Market Recovering?

The COVID-19 pandemic has severely hampered the new-car market since the start of 2020. In April alone, the new car sales plummeted by 48.5 percent compared to the sales of the same month last year. This is the largest decline of any month since 1991 when the first monthly figure was recorded. The decline is … Continue reading Is the Australian New-Car Market Recovering?

How to Improve Your Credit Score to Get a Car Loan

Imagine the excitement of finally being able to buy your dream car, only to find out that your car loan application has been declined. This normally happens due to poor credit score. What a bummer, right? So, before even shopping around for a great car financing product, make sure you have excellent credit standing first. … Continue reading How to Improve Your Credit Score to Get a Car Loan

Off-Roading Tips For Beginners

Going off-road is a challenging but very rewarding recreational activity for Aussies. That’s because beyond the rough terrains is where you can find some of the most amazing landscapes and sceneries. If you’re ready to take on the sand dunes, green lanes, rocks, gravel, snow, and mud, then here’s a useful guide on off-roading for … Continue reading Off-Roading Tips For Beginners

Classic Car Investment: A Guide

Nowadays, there are plenty of investment options to help your money grow, whether on a short-term or long-term basis. One that’s growing in popularity with many investors today are classic cars. This is because they have proven to yield high returns in the long run. If this is something that interests you, whether you’re a … Continue reading Classic Car Investment: A Guide

Fringe Benefit Tax (FBT) on a Novated Car Lease explained

What Is Novated Leasing? Novated car leasing is a cost-effective financial arrangement which allows businesses to lease vehicles for, or on behalf of, their employees with use of salary packaging. It simply means the employer is deducting lease payments and running cost from a combination of the employee’s pre-tax and post-tax salary. This in turn … Continue reading Fringe Benefit Tax (FBT) on a Novated Car Lease explained

When is the Best Time to Buy a Car from a Dealership?

Buying a car is an exciting time, no matter when you do it. The joy of bringing home a new car, whether it’s a large family SUV for travelling or a reliable hot hatch for city drives, is always exhilarating. But however excited you might be, never hasten to the dealerships. Instead, wait for some … Continue reading When is the Best Time to Buy a Car from a Dealership?

What are Balloon Payments?

When applying for a car loan, you’ll come across the term “balloon payment” while reviewing the loan agreement. Your lender will explain its meaning, for sure. Still, it’s important to understand the term on your own (and how it will affect your loan repayments) before you sign the dotted line. What’s a balloon payment? A … Continue reading What are Balloon Payments?

Why Regular Vehicle Maintenance is Important

The cardinal rule of good car ownership is keeping your car in tip-top condition. No, this isn’t just some witty ads to sell an automotive product or service. Regular vehicle maintenance is an important responsibility that extends the benefits, and life, of your car. Maintenance prolongs the vehicle’s life Regular wear and tear alone can … Continue reading Why Regular Vehicle Maintenance is Important

The Difference Between Fixed-Rate & Variable-Rate Car Loans

Buying a car is a big-ticket purchase that often requires a loan. When a buyer picks the right car loan, it can alleviate the financial weight of the vehicle purchase. Get the wrong one, and it becomes a burden to carry for years. To make a car loan work, you need to understand its components … Continue reading The Difference Between Fixed-Rate & Variable-Rate Car Loans

Should You Buy an Electric Car?

There was a time when electric cars were just highlights of motor shows. Now, we’re starting to be accustomed to their presence on Australian roads. The question for many Aussies today is whether it’s finally time to invest in an electric car or should they wait it out until it becomes inevitable. What is an … Continue reading Should You Buy an Electric Car?

2019 BMW X1 Gets a Facelift & Hybrid Upgrade – Already!

Just months after its release earlier this year, the 2019 BMW X1 is already getting an upgrade and there will soon be the first Plug-in Hybrid Electric Vehicle (PHEV) version in Australia. This surprise makeover of BMW’s top-selling SUV includes a facelift, with a reworked front bumper, larger air intakes, new adaptive LED headlights, and … Continue reading 2019 BMW X1 Gets a Facelift & Hybrid Upgrade – Already!

Businesses: Claim the Instant Asset Tax Write Off

Good news for small business owners! You can now claim your new car’s purchase cost against your tax. That’s right. The Australian government has recently declared that small businesses can still get the instant asset tax write off for a maximum of $30,000. The tax write-off amount has increased from the previous limit of $20,000, … Continue reading Businesses: Claim the Instant Asset Tax Write Off