Car Finance

What Happens When a Novated Lease Ends?

Options at the End of a Novated Lease 📌 1. Buy the Car✔ Pay the residual value (balloon payment) to take full ownership. 📌 2. Refinance the Lease✔ Get a...

Novated Lease Tax Benefits: How Much Can You Save?

How Do Novated Lease Tax Benefits Work? ✔ Payments are deducted from your pre-tax salary, reducing taxable income.✔ Some costs like fuel, insurance & maintenance are tax-deductible.✔ You may be...

Novated Lease vs. Car Loan: Which Should You Ch...

Novated Lease vs. Car Loan: Key Differences 📌 Novated Lease:✔ Pre-tax salary deductions = tax savings.✔ Includes maintenance & running costs.✔ No ownership unless you buy the car at lease...

Novated Lease Explained: How It Works & Who Can...

What Is a Novated Lease? ✔ A novated lease is a car finance option where your employer pays for the car using your pre-tax salary.✔ It’s a three-way agreement between...

How to Negotiate a Better Car Loan Interest Rate

Can You Negotiate Your Car Loan Interest Rate? ✔ Yes! Many lenders offer flexible rates based on your credit score & loan details. How to Negotiate a Lower Interest Rate...

How Credit Scores Impact Car Loan Interest Rates

Credit Score vs. Car Loan Interest Rates Credit Score Typical Interest Rate 750+ (Excellent) 5-6% 650-749 (Good) 7-9% 550-649 (Fair) 10-14% Below 550 (Poor) 15%+ or loan rejection 📌 Higher...