Choosing a car loan – tips and tricks
If you're buying your vehicle from a car dealer, you may consider dealer finance to be a convenient and simple solution to the problem. Just be aware that this convenience can cost you. The main thing to remember is not to rush your decision and shop for your loan before you start to look at cars.
Money Buddy guide to … car insurance
For many people these days their car has become an essential member of their family. Transporting them to and from work, school, shops, friend's houses; the list is endless. So, how would you cope if your vehicle was suddenly unable to serve its function? Could you afford to replace it if it was written off? Could you afford to repair any damages caused as a result of theft or fire?
Buying a car doesn’t just mean getting a car loan and driving away. You need to factor in all the hidden and on-road expenses. How much will a new car really cost?
Novated leases – a Money Buddy guide
The novated lease has become increasingly popular over recent years, offering benefits to both employees and employers. So, what are novated leases a nd how do they work?
Guide to fringe benefits tax (FBT) and cars
A car fringe benefit could be levied on a vehicle owned or leased by an employer that is used privately by an employee. Fringe benefits tax also impacts upon vehicles leased by the employee by means of a novated lease and is calculated on the grossed-up value of the benefit. The grossed-up rule increases the value of the benefit so it is equivalent to the after-tax salary sacrificed amount and is taxed at the top marginal rate.
