Car Finance

How to Trade in a Car Without Negative Equity

How to Avoid Negative Equity on a Car Loan 📌 1. Make Extra Payments Before Trading In✔ Paying more towards your loan reduces what you owe. 📌 2. Know Your...

What Happens to Your Existing Car Loan When You...

How Dealerships Handle Financed Car Trade-Ins 📌 1. Loan Payoff✔ The dealership contacts your lender to get the payout amount. 📌 2. Equity Calculation✔ If your car’s trade-in value is...

How to Trade in a Car That’s Still Under Finance

Can You Trade in a Car That’s Still Under Finance? ✔ Yes! Many dealerships allow trade-ins on financed cars.✔ The loan balance must be paid off first—either by you or...

5 Mistakes to Avoid When Choosing a Novated Lease

Top 5 Novated Lease Mistakes to Avoid 📌 1. Not Understanding the Residual Value✔ At lease end, you must pay a balloon payment to own the car. 📌 2. Overestimating...

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...