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?