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# Novated Leasing & Automotive Finance

Car financing options for Australians since 2004

## Sitemaps

- [XML Sitemap](https://fincar.com.au/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Managing The Budget Over Christmas](https://fincar.com.au/managing-the-budget-over-christmas/) - Christmas is a-coming, and it's one of those things that you have to factor in when you're working with a budget… and you should be working with a budget if you are considering taking out a loan for a car, bike or boat (yes, even if you are buying said car, boat or bike as
- [Picking Out A Motorbike (Part One)](https://fincar.com.au/picking-out-a-motorbike-part-one/) - We don't just deal with car loans here at Fincar. We also process plenty of applications for motorbikes as well. Whether you're getting two wheels for business or for pleasure, a motorbike has plenty to offer in the way of fun and for fuel-efficiency. But what do you need to look out for if you're
- [Wrapping Your Head Around Novated Leases](https://fincar.com.au/wrapping-your-head-around-novated-leases/) - So you’ve heard that your employer is offering you a novated lease as part of your salary. Perhaps you’ve also heard some of the buzz about how novated leases involving electric vehicles (EVs) don’t count as fringe benefits for tax purposes. If you’re feeling confused, you’re not alone, especially if you’re new to the world
- [When You're Ready to Step Up](https://fincar.com.au/when-youre-ready-to-step-up/) - Let’s say that a few years ago, you started out as a small-scale contractor doing things like lawn mowing, window cleaning or home cleaning. And so far, your business has been doing pretty good. But you know that you can reach a bit higher and provide more services and do a better job of what
- [What new car models (EV's) released in 2025 get the FBT exemption?](https://fincar.com.au/what-new-car-models-evs-released-in-2025-get-the-fbt-exemption/) - There's a bunch of brand new EV models that fit this category and priced below the Luxury Car Tax (LCT) threshold of $91,387 for fuel-efficient vehicles
- [Relax, Everybody!](https://fincar.com.au/relax-everybody/) - Just when we thought we were getting the hang of what was going to happen with the new fringe benefit tax system, and those of us who were lucky enough to go ahead and get a car through a novated lease scheme (thanks to our employers) were learning how to go about using logbooks, we
- [Business or Personal?](https://fincar.com.au/business-or-personal/) - The recent changes in the rules about Fringe Benefit Tax will mean that all vehicles that are involved in a novated lease as part of a salary package will need logbooks so the people with them pay a fair amount of fringe benefit tax. Your company accountant will probably give you a brief run-down on
- [The Rules, They Are A-Changing](https://fincar.com.au/the-rules-they-are-a-changing/) - The recent changes in the fringe benefit tax rules are making things very difficult for employers, employees, loan brokers like us and car dealers. The way Australians buy cars is changing and employers can't use their default solution for keeping and rewarding their valued employees. The changes will affect all new novated leases set up
- [New FBT Rules](https://fincar.com.au/new-fbt-rules/) - Here is some food for thought about the new changes to Fringe Benefit Tax and Carbon Tax. It would be best that before you make any big decisions regarding this new information that you first see what your accountant says, and do have a talk to us if this new information raises any questions because
- [Fringe Benefit Tax Explained](https://fincar.com.au/fringe-benefit-tax-explained/) - If you've been one of the lower level workers who's just had a pack packet to take home with the PAYG taken out of it already up to now, it can be a bit bewildering to hear all the talk about FBT or Fringe Benefit Tax for the first time. If the new salary package
- [Coffee Beans and Counting Beans](https://fincar.com.au/coffee-beans-and-counting-beans/) - Business loans are good things for small start-up businesses and larger outfits alike. Usually, it's the larger people who come to talk to us about setting up novated leases for vehicles or taking out a business loan to purchase some new equipment. And we know how to handle that. We also know how to handle
- [More Loan Ads Investigated](https://fincar.com.au/more-loan-ads-investigated/) - A few posts ago, we investigated a range of car advertisements and had a look at the loan packages offered when you bought through these dealers. However, car companies and the finance packages aren't the only options when it comes to taking out a car loan. Sure, the loan packages you can get through car
- [Picking Out A Motorbike (Part 2)](https://fincar.com.au/picking-out-a-motorbike-part-2/) - So you've decided that a motorbike is a good option for you, either because you want the fun of cruising the highways or the convenience of a form of transport for one that uses less fuel than a car does. And you've checked out what you need in the way of licences. You're ready to
- [More Car Dealer Ads Decoded](https://fincar.com.au/more-car-dealer-ads-decoded/) - In our last post, we had a look at some of the headlines that hit you in the face when you have a look at a car ad and some of the fine print that usually turns up at the bottom of the page. Most of these headlines relate to car finance and the various
- [Finance Specials](https://fincar.com.au/finance-specials/) - There could well be a few of you out there that don't realise that Renault, that great French brand that has never quite made it here, are the owners of a very large slice of Nissan Motor Company. So we see at the moment both Nissan and Renault marketing some very aggressive finance rates. With
- [Changes to FBT rules](https://fincar.com.au/changes-to-fbt-rules/) - Back in May, there were some changes to the way that FBT is calculated on Company vehicles. This has lead to a much simpler way of calculating the tax, but in the interim I have been asked many times how this impacts existing contracts, so below I will try and explain in plain English. One
- [Toyota 2.9% Finance Offer](https://fincar.com.au/toyota-2-9-finance-offer/) - Toyota has released a new finance scheme to move some over stocked vehicles into the market, named- Toyota Advantage. The plan is to offer just 2.9% interest to approved buyers over a four year period using of course, Toyota Finance. It is only available on the Entry level Yaris YR, Prius, Corolla Ascent and Camry
- [ATO Looking at FBT on Salary Packaging](https://fincar.com.au/ato-looking-at-fbt-on-salary-packaging/) - Our office received a call from the Australian Financial Review for comment on the ATO looking into non compliance of FBT reporting. Our office is seeing no decline in employees looking to take advantage of Salary Packaging a motor vehicle under a Fully Maintained Novated Lease agreement. The reality is that the average PAYG Tax
- [An Independent MP's Salary Packaging and Novated Lease Opinion](https://fincar.com.au/an-independent-mps-salary-packaging-and-novated-lease-opinion/) - Interesting comments from Rob Oakeshott on Salary Packaging and Fully Maintained Novated Leasing prior to his decision to support Labour. His comment that "It is wrong to encourage people to drive high numbers of kilometres, by giving them F.B.T Tax savings", is quiet misguided. Mr Oakeshott has always supported a "greener" Australia, but surely he
- [Welcome to our blog!](https://fincar.com.au/welcome-to-our-blog/) - Here it is – the very first post on our new blog! The FinCar team is committed to adding more value to this webite through the blog and will endeavour to keep it right up to date with all the latest news, views and articles of interest that are somewhat related to car finance in

## Pages

- [Home](https://fincar.com.au/) - Fincar Finance since 2004. Novated lease specialists cut through the BS with straightforward advice, stellar service and killer interest rates.
- [Novated Leases](https://fincar.com.au/novated-leases/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/banner-2-scaled.png” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”1300px” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1300px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Novated Leases” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”467px” module_alignment=”left” custom_margin=”||||false|false” custom_padding=”|0px|0px||false|false” title_font_size_tablet=”60px” title_font_size_phone=”48px” title_font_size_last_edited=”on|phone” border_width_right=”8px” border_color_right=”#FF9B22″ global_colors_info=”{}”][/et_pb_heading][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default”
- [Boat, Motorcycle & Equipment](https://fincar.com.au/boat-motorcycle-equipment/) - Financing a boat, motorbike or campervan? What are your options? Loan, lease, chattel mortgage, novated lease (bike) may all be possible
- [Personal Car Finance](https://fincar.com.au/personal-car-finance/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/banner-scaled.png” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”1300px” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1300px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Personal Car Finance” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”604px” module_alignment=”left” custom_margin=”||||false|false” custom_padding=”|0px|0px||false|false” border_width_right=”8px” border_color_right=”#FF9B22″ global_colors_info=”{}”][/et_pb_heading][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″
- [Thank You](https://fincar.com.au/thank-you-2/) - Your enquiry was submitted successfully! We’ll be in touch very soon but, if you want to get things started sooner, don’t hesitate to get in touch on 1300 346 227 during business hours. Our finance consultants are standing by. While you’re waiting, why not check out Australia’s best Novated Leasing Calculator. Completely free with instant access and no login
- [About](https://fincar.com.au/about/) - Established 2004, Fincar is Australia's #1 automotive finance company. Specialising in novated leasing and salary packaging
- [Thank You](https://fincar.com.au/thank-you/) - Your enquiry was submitted successfully! We’ll be in touch very soon but, if you want to get things started sooner, don’t hesitate to get in touch
- [Thank You](https://fincar.com.au/refernsave-thank-you/) - Thanks! We’ll be sending those emails soon and we’ll let you know who’s keen to save some tax through a novated lease! If you want to send more invitations, simply Click Here! Thanks again.
- [Car Finance Selector](https://fincar.com.au/car-finance-selector/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]Car Finance Lease TermsLease term is up to you but would typically be 1 to 5 years Type of vehicleVehicle choice is up to you and your budget! Up-front costsUp-front costs usually include the first
- [High Purchase Landing](https://fincar.com.au/high-purchase-landing/)
- [Loans Finance Resources](https://fincar.com.au/loans-finance-resources/)
- [Free Quote Hire Purchase](https://fincar.com.au/free-quote-hire-purchase/)
- [Free Quote Chattel Mortgage](https://fincar.com.au/free-quote-chattel-mortgage/)
- [Free Quote Car Loan](https://fincar.com.au/free-quote-car-loan/)
- [Free Quote Car Lease](https://fincar.com.au/free-quote-car-lease/)
- [Novated Lease Guide](https://fincar.com.au/novated-lease-guide/) - Novated leasing? Literally all your questions answered. How, why, pros, cons, dangers, FBT implications, GST savings, employer benefits, used cars and more
- [Volvo](https://fincar.com.au/novated-lease-calculator/novated-lease/volvo/)
- [Volkswagen](https://fincar.com.au/novated-lease-calculator/novated-lease/volkswagen/)
- [Toyota](https://fincar.com.au/novated-lease-calculator/novated-lease/toyota/)
- [Suzuki](https://fincar.com.au/novated-lease-calculator/novated-lease/suzuki/)
- [Subaru](https://fincar.com.au/novated-lease-calculator/novated-lease/subaru/)
- [Skoda](https://fincar.com.au/novated-lease-calculator/novated-lease/skoda/)
- [Renault](https://fincar.com.au/novated-lease-calculator/novated-lease/renault/)
- [Peugeot](https://fincar.com.au/novated-lease-calculator/novated-lease/peugeot/)
- [Nissan](https://fincar.com.au/novated-lease-calculator/novated-lease/nissan/)
- [Mitsubishi](https://fincar.com.au/novated-lease-calculator/novated-lease/mitsubishi/)
- [What is a Novated Lease](https://fincar.com.au/what-is-a-novated-lease/) - Often the first time people hear the word ‘novated lease’ is when they are considering one – perhaps introduced to the option by a colleague or employer. However, compared to a straightforward lease, a novated lease is a little more complex and the concept of the ‘novation agreement’ is not always clear. In fact, at
- [Mercedes Benz](https://fincar.com.au/novated-lease-calculator/novated-lease/mercedes-benz/)
- [Mazda](https://fincar.com.au/novated-lease-calculator/novated-lease/mazda/)
- [Lexus](https://fincar.com.au/novated-lease-calculator/novated-lease/lexus/)
- [LDV](https://fincar.com.au/novated-lease-calculator/novated-lease/ldv/)
- [Kia](https://fincar.com.au/novated-lease-calculator/novated-lease/kia/)
- [Jeep](https://fincar.com.au/novated-lease-calculator/novated-lease/jeep/)
- [Jaguar](https://fincar.com.au/novated-lease-calculator/novated-lease/jaguar/)
- [Isuzu](https://fincar.com.au/novated-lease-calculator/novated-lease/isuzu/)
- [Hyundai](https://fincar.com.au/novated-lease-calculator/novated-lease/hyundai/)
- [Honda](https://fincar.com.au/novated-lease-calculator/novated-lease/honda/)
- [GWM](https://fincar.com.au/novated-lease-calculator/novated-lease/gwm/)
- [Ford](https://fincar.com.au/novated-lease-calculator/novated-lease/ford/)
- [Fiat](https://fincar.com.au/novated-lease-calculator/novated-lease/fiat/)
- [Chevrolet](https://fincar.com.au/novated-lease-calculator/novated-lease/chevrolet/)
- [Chery](https://fincar.com.au/novated-lease-calculator/novated-lease/chery/)
- [BMW](https://fincar.com.au/novated-lease-calculator/novated-lease/bmw/)
- [Novated Lease](https://fincar.com.au/novated-lease-calculator/novated-lease/)
- [Salary Packaging a Car](https://fincar.com.au/salary-packaging-a-car/)
- [Hire Purchase Calculator](https://fincar.com.au/hire-purchase-calculator/)
- [Chattel Mortgage Deals](https://fincar.com.au/chattel-mortgage-deals/)
- [Chattel Mortgage Calculator](https://fincar.com.au/chattel-mortgage-calculator/)
- [Car Loan Landing](https://fincar.com.au/car-loan-landing/)
- [Car Loan Deals](https://fincar.com.au/car-loan-deals/)
- [Car Loan Calculator](https://fincar.com.au/car-loan-calculator/)
- [Car Lease Deals](https://fincar.com.au/car-lease-deals/)
- [Car Lease Calculator](https://fincar.com.au/car-lease-calculator/)
- [Car Finance Deals](https://fincar.com.au/car-finance-deals/)
- [Blog](https://fincar.com.au/blog/) - Car financing options for Australians since 2004
- [Contact](https://fincar.com.au/contact/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/Contact-Us-page-banner.jpg” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ use_custom_gutter=”on” gutter_width=”1″ module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”100%” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1330px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Let’s Connect” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”399px” module_alignment=”left” custom_margin=”||||false|false” custom_padding=”|0px|0px||false|false” border_width_right=”8px” border_color_right=”#FF9B22″ global_colors_info=”{}”][/et_pb_heading][/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default”
- [Useful Links](https://fincar.com.au/useful-links/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”section” _builder_version=”4.16″ width=”100%” max_width=”1330px” module_alignment=”center” custom_padding=”|40px||40px|false|true” custom_padding_tablet=”|20px||20px|false|true” custom_padding_phone=”|20px||20px|false|true” global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” max_width=”1330px” custom_padding=”5px||3px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_heading title=”Useful Resources” _builder_version=”4.27.4″ _module_preset=”default” title_level=”h2″ title_font=”Croogla 4F||||||||” title_text_color=”#12308F” title_font_size=”48px” title_line_height=”100%” width=”100%” custom_margin=”|4px|16px||false|false” custom_padding=”|0px||||” locked=”off” global_colors_info=”{}”][/et_pb_heading][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]Here are a few great sites in the following
- [Novated Lease Example](https://fincar.com.au/novated-lease-example/) - [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}” width=”100%” max_width=”1330px” module_alignment=”center” custom_padding=”|40px||40px|false|true” custom_padding_tablet=”|20px||20px|false|true” custom_padding_phone=”|20px||20px|false|true” custom_padding_last_edited=”on|phone”][et_pb_row admin_label=”row” _builder_version=”4.16″ global_colors_info=”{}” background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” max_width=”1330px” custom_padding=”5px||3px|||”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]So you’re looking for a novated lease example? To make it really easy, we’ve illustrated a real life novated lease example below in
- [Car Finance Calculator](https://fincar.com.au/car-finance-calculator/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/banner-2-scaled.png” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”100%” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1300px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Car Finance Calculators” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”675px” module_alignment=”left” custom_margin=”|202px|||false|false” custom_padding=”|0px|0px||false|false” title_font_size_tablet=”60px” title_font_size_phone=”48px” title_font_size_last_edited=”on|phone” border_width_right=”8px” border_color_right=”#FF9B22″ global_colors_info=”{}”][/et_pb_heading][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″
- [Operating Leases](https://fincar.com.au/operating-leases/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”section” _builder_version=”4.16″ width=”100%” max_width=”1330px” module_alignment=”center” custom_padding=”|40px||40px|false|true” custom_padding_tablet=”|20px||20px|false|true” custom_padding_phone=”|20px||20px|false|true” global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” max_width=”1330px” custom_padding=”5px||3px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_heading title=”Fully maintained Operating Lease” _builder_version=”4.27.4″ _module_preset=”default” title_level=”h2″ title_font=”Croogla 4F||||||||” title_text_color=”#12308F” title_font_size=”48px” title_line_height=”100%” width=”100%” custom_margin=”|4px|16px||false|false” custom_padding=”|0px||||” locked=”off” global_colors_info=”{}”][/et_pb_heading][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″]FinCar offers an Operating
- [Chattel Mortgage](https://fincar.com.au/chattel-mortgage/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/banner-scaled.png” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”100%” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1330px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Chattel Mortgage” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”506px” module_alignment=”left” custom_margin=”|12px|||false|false” custom_padding=”|0px|0px||false|false” title_font_size_tablet=”60px” title_font_size_phone=”48px” title_font_size_last_edited=”on|phone” border_width_right=”8px” border_color_right=”#FF9B22″ global_colors_info=”{}”][/et_pb_heading][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default”
- [Commercial Hire Purchases](https://fincar.com.au/business-car-finance/commercial-hire-purchases/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”section” _builder_version=”4.27.4″ width=”100%” max_width=”1330px” module_alignment=”center” custom_padding=”|40px||40px|false|true” custom_padding_tablet=”|20px||20px|false|true” custom_padding_phone=”|20px||20px|false|true” global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” max_width=”1330px” custom_padding=”5px||3px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_heading title=”About Commercial Hire Purchases” _builder_version=”4.27.4″ _module_preset=”default” title_level=”h2″ title_font=”Croogla 4F||||||||” title_text_color=”#12308F” title_font_size=”48px” title_line_height=”100%” width=”100%” custom_margin=”|4px|16px||false|false” custom_padding=”|0px||||” global_colors_info=”{}”][/et_pb_heading][et_pb_text admin_label=”Text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]A commercial hire purchase (CHP) is a particular
- [Company News](https://fincar.com.au/company-news/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/Articles-Banner.jpg” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ use_custom_gutter=”on” gutter_width=”1″ module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”1300px” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1300px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Your Source for Finance Tips” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”431px” module_alignment=”left” custom_margin=”|81px|||false|false” custom_padding=”|0px|0px||false|false” border_color_right=”#FF9B22″ global_colors_info=”{}”][/et_pb_heading][/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text
- [Business Car Finance](https://fincar.com.au/business-car-finance/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/banner-scaled.png” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”100%” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1300px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Business Car Finance” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”616px” module_alignment=”left” custom_margin=”||||false|false” custom_padding=”|0px|0px||false|false” title_font_size_tablet=”60px” title_font_size_phone=”48px” title_font_size_last_edited=”on|phone” border_width_right=”8px” border_color_right=”#FF9B22″ global_colors_info=”{}”][/et_pb_heading][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default”
- [Australia’s Novated Lease Specialist](https://fincar.com.au/car-lease-landing/) - Looking for a free Novated Lease Quote? FinCar are Australia's leading novated lease specialists and will deliver: the most competitive novated lease rate the most suitable novated leasing product good old fashioned service When applying for a Novated Lease with Fincar you can be sure that you'll get:
- [Login](https://fincar.com.au/login/)
- [Privacy Policy](https://fincar.com.au/privacy-policy/) - The privacy of personal information you provide is very important to us. The following privacy policy governs the collection and use of your personal information by Fincar. This privacy policy sets out how we are committed to respect your rights to privacy in accordance with the National Privacy Principles contained in the Privacy Act 1988.
- [Car Finance Articles](https://fincar.com.au/car-finance-articles/) - Financing options for Australians looking to purchase a new car. Speak to Fincar today!
- [privace](https://fincar.com.au/privace/) - The privacy of personal information you provide is very important to us. The following privacy policy governs the collection and use of your personal information by Private Fleet. This privacy policy sets out how we are committed to respect your rights to privacy in accordance with the National Privacy Principles contained in the Privacy Act
- [Related Resources](https://fincar.com.au/related-resources/) - For resources relating to novated leasing, check out our brand new Novated Leasing Calculator
- [Novated Lease Savings](https://fincar.com.au/novated-lease-savings/) - So why consider a novated lease over traditional finance? Well the idea of course is it will usually save you money. So to answer the question as to what are the savings with a novated lease, we’ve put together these quick videos to help explain. It covers the savings on purchase, servicing costs, fuel and,
- [Novated Lease Petrol Savings](https://fincar.com.au/novated-lease-petrol-savings/) - So you can actually save on fuel costs with a novated lease? Yes you can – and in more than one aspect! Petrol costs are invariably the most significant part of vehicle ownership so it’s important to know that with a novated lease (as long as it’s fully maintained), you can see some serious savings on your
- [Novated Lease Benefits](https://fincar.com.au/novated-lease-benefits/) - So what are the benefits of a novated lease for both the employee (the car driver) and the employer? Of course there’s no point entering into such an arrangement if there aren’t real benefits for both parties. Thankfully, in most cases the benefits of a novated lease are pretty clear. From the employee’s point of view
- [Cars Autos Resources](https://fincar.com.au/cars-autos-resources/) - Branded companies cars – What is at the spirit of cool cars? Is it the speed they can travel at? Is it the thought of the wind brushing your hair? If it’s the latter, then you have a soft top, or someone’s pinched your roof! Buy and Pay Car Lots Buy PayCarLots connects local car buyers
- [Automotive Resources](https://fincar.com.au/automotive-resources/) - Coming Soon...
- [Auto Accessories Resources](https://fincar.com.au/auto-accessories-resources/) - Coming Soon...
- [Novated Lease Calculator](https://fincar.com.au/novated-lease-calculator/) - [et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/NLC-scaled.jpg” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”1″ custom_padding_last_edited=”on|tablet” _builder_version=”4.27.4″ _module_preset=”default” width=”1330px” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”100%” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” custom_padding_tablet=”|20px||20px|false|true” custom_padding_phone=”|20px||20px|false|true” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Save on Your Next Car Purchase!” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”center” title_text_color=”#FFFFFF” global_colors_info=”{}”][/et_pb_heading][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” custom_margin=”40px|||||” global_colors_info=”{}”] Customise your Novated Lease Quote NewUsed Make Make Make Only show EV's with FBT exemption
- [Sitemap](https://fincar.com.au/sitemap/) - [et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/Contact-US-Banner.jpg” overflow-x=”hidden” custom_padding=”60px|40px|60px|40px|true|true” locked=”off” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”1″ _builder_version=”4.27.4″ _module_preset=”default” width=”1330px” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”100%” module_alignment=”center” min_height=”27px” custom_margin=”0px||0px||true|false” custom_padding=”0px|40px|0px|40px|false|true” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” _builder_version=”4.27.4″ _dynamic_attributes=”title” _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” custom_margin=”||||false|false” global_colors_info=”{}”][/et_pb_heading][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” _builder_version=”4.27.4″ _module_preset=”default” overflow-x=”hidden” custom_padding=”60px|40px|60px|40px|true|true” custom_padding_tablet=”60px|20px|60px|20px|true|true” custom_padding_phone=”60px|20px|60px|20px|true|true” custom_css_free_form=”.simple-sitemap > h2 {|| display: none;||}” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” width=”100%” max_width=”1330px”
- [Novated Leasing Videos](https://fincar.com.au/novated-leases/novatedleasingvideos/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/banner-scaled.png” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ disabled_on=”on|on|off” module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”1300px” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1300px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Novated Leasing Videos” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”604px” module_alignment=”left” custom_margin=”||||false|false” custom_padding=”|0px|0px||false|false” border_width_right=”8px” border_color_right=”#FF9B22″ global_colors_info=”{}”][/et_pb_heading][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text
- [Services](https://fincar.com.au/services/) - [et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” admin_label=”Hero Banner” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https://fincar.com.au/wp-content/uploads/2025/05/Contact-Us-page-banner.jpg” width=”100%” module_alignment=”center” custom_margin=”||||false|true” custom_padding=”80px|40px|80px|40px|true|true” custom_padding_tablet=”30px|20px|30px|20px|true|true” custom_padding_phone=”30px|20px|30px|20px|true|true” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ module_class=”header-content” _builder_version=”4.27.4″ _module_preset=”default” width=”1330px” width_tablet=”1300px” width_phone=”1300px” width_last_edited=”on|desktop” max_width=”1330px” module_alignment=”center” custom_padding=”0px|40px|0px|40px|false|true” global_colors_info=”{}” hover_enabled=”0″ sticky_enabled=”0″][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Explore Our Services” _builder_version=”4.27.4″ _module_preset=”default” title_text_align=”left” title_text_color=”#FFFFFF” title_font_size=”60px” width=”592px” module_alignment=”left” custom_margin=”||||false|false” custom_padding=”|0px|0px||false|false” hover_enabled=”0″ border_width_right=”8px” border_color_right=”#FF9B22″ global_colors_info=”{}” sticky_enabled=”0″][/et_pb_heading][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″

## Company News

- [Are You Ready To Lease An Electric Vehicle?](https://fincar.com.au/company_news/are-you-ready-to-lease-an-electric-vehicle/) - If you’ve been considering getting a new car under a novated lease scheme, you’ve probably already heard that if you get an electric vehicle, there won’t be any fringe benefit tax involved. Sounds like a great idea to get an EV, right? But before you head on down to the local car dealers to have
- [Deepal S07 - Novated Leasing Dream](https://fincar.com.au/company_news/deepal-s07-novated-leasing-dream/) - The Deepal S07: A Slick, Tax-Savvy EV That's Turning Heads in Australia So, you've heard about this new electric SUV hitting Aussie shores—the Deepal S07—and you're wondering if it’s just another EV in a crowded market, or something genuinely worth getting excited about. Well, spoiler alert: it’s the real deal. And if you’re lucky enough
- [Essential Maintenance For Your Lease Vehicle](https://fincar.com.au/company_news/essential-maintenance-for-your-lease-vehicle/) - Congratulations: the boss has approved a salary sacrifice deal for you that will allow you to get a new lease vehicle – a great perk for you without making things awkward at tax time by putting you into a new tax bracket. Now, the fine print of what’s involved in a lease agreement will vary
- [How To Strain The Alphabet Soup When Buying A New Car](https://fincar.com.au/company_news/how-to-strain-the-alphabet-soup-when-buying-a-new-car/) - Well, congratulations to you now that your boss has approved the salary sacrifice. You’ve been dreaming about buying a new car for a while, and with a novated lease, you’ve got the chance to do just that. It’s a lot better than being provided with a company car; OK, having a company car can be
- [Novated Leasing Versus Loans](https://fincar.com.au/company_news/novated-leasing-versus-loans/) - A novated leasing arangement is a form of leasing that’s part of your salary package and is negotiated with your employer. However, how is this different from the way that a lot of us bought our first cars? And I don’t mean applying to the Bank of Mum and Dad for an interest-free loan. I’m
- [Some good news post April1 for PHEV buyers](https://fincar.com.au/company_news/some-good-news-post-april1-for-phev-buyers/) - If you were one of the many people left feeling a bit ripped off when plug-in hybrids (PHEVs) got booted out of the FBT exemption for novated leases on April 1 — you're not alone. That change hit hard. But, there’s at least some good news for PHEV owners on the home front. The ATO
- [Suitable Salary Sacrifice Cars For Families](https://fincar.com.au/company_news/suitable-salary-sacrifice-cars-for-families/) - Congratulations: your boss just agreed to a salary sacrifice deal, and now you’re going to get a great new car and the company you work for will take care of the lease payments. You’re finally getting that recognition without going over into a higher tax bracket, and the fact that your boss has committed to
- [The Pros and Cons Of Electric Vehicles](https://fincar.com.au/company_news/the-pros-and-cons-of-electric-vehicles/) - Electric vehicles are exempt from fringe benefit tax when they are part of a novate lease deal. But should you get an EV? Here's a list of their pros and cons.
- [Tips For Extending The Range Of Your Electric Vehicle](https://fincar.com.au/company_news/tips-for-extending-the-range-of-your-electric-vehicle/) - One of the reasons why a number of Australians are choosing an electric vehicle as part of a novated lease deal is because these vehicles are exempt from fringe benefit tax – yet another win! There are a lot of advantages to electric vehicles, such as the reduced emissions and the fuel savings, but you
- [Top Tips For Saving Fuel](https://fincar.com.au/company_news/top-tips-for-saving-fuel/) - Some novated leases are set up so that your employer (who handles the repayments for the novated lease) also takes care of fuel. This isn’t the case for absolutely every salary sacrifice deal, but it certainly is for some. However, whether your novated lease does or doesn’t include payments for fuel, ideas for saving fuel
- [What Mods Are OK Under A Novated Lease?](https://fincar.com.au/company_news/what-mods-are-ok-under-a-novated-lease/) - If you’re a car enthusiast, then one of the things you might like doing is customising your car. That can certainly be fun, but if your boss has offered you a new car under a novated lease setup, then one of the things that you can’t do is to modify the car in question. This
- [Getting ahead with your car loan (or novated lease?)](https://fincar.com.au/company_news/considerations-to-get-you-ahead-when-taking-out-a-car-loan/) - testing So, you’re thinking about getting a car loan? Maybe you’re eyeing a shiny new ride or a reliable used car that won’t leave you stranded on the highway. Either way, getting a car loan is a big financial step, and it’s worth doing it right from the start. A little preparation can save you
- [Are There Any Downsides To A Novated Lease?](https://fincar.com.au/company_news/are-there-any-downsides-to-a-novated-lease/) - So your boss has decided that you deserve a little something extra, and she or he is suggesting that a novated lease might be the way to go forward. It certainly sounds like a great idea. You get a nice shiny new car of your choice to drive around and use the way you want
- [Will Ordering a PHEV by 31st March Still Get You The FBT Exemption Benefit?](https://fincar.com.au/company_news/will-ordering-a-phev-by-31st-march-still-get-you-the-fbt-exemption-benefit/) - Does Paying a Deposit Before 31 March 2025 Secure the FBT Exemption for PHEVs? Not Quite. If you're planning to take advantage of the Fringe Benefits Tax (FBT) exemption for a plug-in hybrid electric vehicle (PHEV) under a novated lease, you need to be aware of a key detail: just placing an order and paying
- [Fringe Benefit Taxes and Novated Leases](https://fincar.com.au/company_news/fringe-benefit-taxes-and-novated-leases/) - This article is intended to give you an overview of fringe benefit taxes and how they apply to novated leases and car loans.
- [Under A Novated Lease, Whose Car Is It Anyway?](https://fincar.com.au/company_news/under-a-novated-lease-whose-car-is-it-anyway/) - If your employer has set up a novated lease, or is thinking about setting up one for you, you’re going to have the chance to drive around in a nice new set of wheels – and we hope that you enjoy doing this. Once all the paperwork is signed and everybody involved in the deal
- [I Quit! But What Happens With The Novated Lease?](https://fincar.com.au/company_news/i-quit-but-what-happens-with-the-novated-lease/) - One of the reasons why employers set up a novated lease is to ensure loyalty. In a healthy workplace, this is fine. But with a bad boss, it’s another story.
- [Questions To Ask When Choosing Your New Car](https://fincar.com.au/company_news/questions-to-ask-when-choosing-your-new-car/) - So your boss has decided to give you a novated lease as part of your new salary package, so it’s off to the car yards you go to choose your shiny new car. That’s one of the benefits of getting a new car through a salary sacrifice deal: you get to pick the car, unlike
- [Say Goodbye to the FBT Exemption for PHEVs: ⚡⌚ The Clock’s Ticking!](https://fincar.com.au/company_news/say-goodbye-to-the-fbt-exemption-for-phevs-⚡⌚-the-clocks-ticking/) - If you’ve been eyeing a plug-in hybrid electric vehicle (PHEV) under a novated lease, here’s your friendly wake-up call: the FBT (Fringe Benefits Tax) exemption for PHEVs is officially hitting the brakes on 31 March 2025. That’s right—after this date, PHEVs will no longer qualify for the juicy tax savings that have made them such
- [BEVs, PHEVs and MHEVs – Oh My!](https://fincar.com.au/company_news/bevs-phevs-and-mhevs-oh-my/) - Want to know the difference between PHEVs and EVs so you can set up the novated lease you need before the 31 March 2025 deadline ? Here, we explain the basics.
- [Wrapping your head around a novated lease](https://fincar.com.au/company_news/wrapping-your-head-around-a-novated-lease/) - So you’ve heard that your employer is offering you a novated lease as part of your salary? How does it all work? Read on and find out!
- [EV Sales Growth Down While PHEV Sales More Than Double](https://fincar.com.au/company_news/ev-sales-growth-down-while-phev-sales-more-than-double/) - The Fringe Benefits Tax (FBT) exemption for Plug-in Hybrid Electric Vehicles (PHEVs) under novated leasing has played a crucial role in boosting PHEV sales .
- [What are the Pros and Cons of a Long-Term Car Loan?](https://fincar.com.au/company_news/what-are-the-pros-and-cons-of-a-long-term-car-loan/) - Generally speaking, if you're in the market for a long-term car loan, the longest term would typically extend to seven years, although some lenders may offer eight-year terms under specific conditions. Keep in mind, the length of the loan term significantly affects the overall cost, monthly repayments, and financial flexibility of the borrower. While longer
- [What to Consider When Buying a Second Hand Vehicle](https://fincar.com.au/company_news/what-to-consider-when-buying-a-second-hand-vehicle/) - The new car market is often an intimidating experience for motorists looking for a bargain. Not only do motorists have to pit themselves against savvy salesman in an effort to haggle down prices, but there are an infinite amount of options when commencing your search. On the contrary, browsing the classifieds of the main online
- [Can I Obtain More Than One Car Loan?](https://fincar.com.au/company_news/can-i-obtain-more-than-one-car-loan/) - In Australia, it is possible to have more than one car loan. Of course, this is dependent on meeting the lending criteria set by the lenders in question. However, obtaining multiple car loans depends on several factors, including your income, credit score, existing financial obligations, and the policies of the lenders involved. Overall Debt
- [Can I Transfer a Car Loan to Another Person?](https://fincar.com.au/company_news/can-i-transfer-a-car-loan-to-another-person/) - Transferring a car loan from yourself to another person is somewhat tricky because a car loan is tied to your financial circumstances and creditworthiness. What's more, lenders assess loans based on the original borrower's financial stability, income, and credit score. With this in mind, in order to transfer the loan to another individual, you will
- [How to Get Your Credit in Order in the New Year](https://fincar.com.au/company_news/how-to-get-your-credit-in-order-in-the-new-year/) - With inflation still a sore point for households around the country, and interest rates eating into savings for many, the new year represents an opportunity to turn the page and try improve your financial standing. A central part of that is getting your credit in order, something deemed crucial to your chances of securing finance.
- [How Long Does it Take to Get Approved for a Car Loan?](https://fincar.com.au/company_news/how-long-does-it-take-to-get-approved-for-a-car-loan/) - The time for a car loan to be approved varies depending on the lender, the type of loan, and the applicant's financial circumstances. However, on average, approval times can range from a few hours to several days. These are some of the factors that may influence approval timelines. Same-Day Approvals Many lenders, particularly online
- [Can I Reduce My Exposure if I Co-Sign a Car Loan?](https://fincar.com.au/company_news/can-i-reduce-my-exposure-if-i-co-sign-a-car-loan/) - In some instances, having a poor credit history can severely restrict your access to capital. Certain lenders may be willing to extend finance on strict or otherwise unfavourable terms, while some financiers will be reluctant to provide anything at all. Fear not, however, because even those with a poor credit score have options at their
- [Is a Credit Check Always Required for a Car Loan?](https://fincar.com.au/company_news/is-a-credit-check-always-required-for-a-car-loan/) - To apply for a car loan, you typically need to pass a credit check. Lenders use your credit history to assess your ability to repay the loan. This process helps them determine the level of risk associated in lending you money. A credit check provides lenders with an overview of your financial behaviour, including your
- [Is a Car Loan a Better Option than Using Your Credit Card?](https://fincar.com.au/company_news/is-a-car-loan-a-better-option-than-using-your-credit-card/) - If you're in the market for a new car, it may be easy to look at your credit card and think, 'well, I've got the security I need right here'. Of course, for some, whose limits stretch that high, or looking at paying at least partly by credit card, it may seem tempting. But there
- [Do I Have to Pay Stamp Duty on a Car?](https://fincar.com.au/company_news/do-i-have-to-pay-stamp-duty-on-a-car/) - Stamp duty, which is a government fee, is generally mandatory on new and used cars. But if you want to know how to avoid paying stamp duty on a car, read on.
- [Can Afterpay Impact my Car Loan Application?](https://fincar.com.au/company_news/can-afterpay-impact-my-car-loan-application/) - Using Afterpay or similar buy-now-pay-later (BNPL) services can impact your car loan application in Australia. This is because lenders often evaluate your overall financial behaviour, including your spending and credit habits, when assessing your ability to repay a new loan. While Afterpay itself doesn’t directly affect your credit score, frequent or heavy use of such
- [Is it Worth Taking Out a Loan to Repair my Car?](https://fincar.com.au/company_news/is-it-worth-taking-out-a-loan-to-repair-my-car/) - An inevitable part of owning a vehicle is that eventually it will need repairs. No, not your routine maintenance, but actual repairs in the workshop. In instances where you’ve either had an accident or a mechanical fault, you’ll be facing the prospect of a potentially hefty repair bill. However, not everyone has hundreds (or even
- [Can You Apply for a Novated Lease for a Second-hand Car?](https://fincar.com.au/company_news/can-you-apply-for-a-novated-lease-for-a-second-hand-car/) - By now, you may have heard about novated leases. And although most individuals consider them in the context of brand new vehicles, they may also be applied to second-hand cars. Of course, you should observe a few specific conditions and restrictions. Novated Leases If you're in need of a recap, a novated lease is
- [How to Apply for a Car Loan as a Single Parent](https://fincar.com.au/company_news/how-to-apply-for-a-car-loan-as-a-single-parent/) - As a single parent, it’s likely that you may already be facing one of several challenges in life with regards to making ends meet. Our society is sometimes unfavourable towards single parents who need to slog it out on their own, and the finance sector is no exception with lenders all looking for assurance that
- [How to Save Interest on Your Car Loan](https://fincar.com.au/company_news/how-to-save-interest-on-your-car-loan/) - Over the course of a loan, interest can really add up. However, there are several strategies that you can employ to reduce the amount of interest paid over the life of the loan, ranging from securing a favourable loan at the outset, to adopting smart repayment practices during the loan. Before Obtaining a Loan
- [What Car Loans are Available for Tradies?](https://fincar.com.au/company_news/what-car-loans-are-available-for-tradies/) - The rigours that come with being a tradie can often leave you short of time to scout the market for a suitable vehicle, yet alone the appropriate form of finance to buy a new car. Given how important your car is within the scope of your livelihood, nothing should be taken for granted. The vehicle
- [What Happens at the End of a Novated Lease?](https://fincar.com.au/company_news/what-happens-at-the-end-of-a-novated-lease/) - At the end of a novated lease, several outcomes are possible, depending on the structure of the lease, and the terms agreed upon. Find out more
- [What Should I Consider Before I Refinance My Car Loan?](https://fincar.com.au/company_news/what-should-i-consider-before-i-refinance-my-car-loan/) - As many who have taken on some form of financing or another will attest to, locking in a low interest rate can save you a fortune. Right now, with interest rates at multi-year highs, many borrowers, whether it be homeowners or motorists, have taken to refinance their loans in order to achieve a more desirable
- [How to Get Ahead When Taking out a Car Loan](https://fincar.com.au/company_news/how-to-get-ahead-when-taking-out-a-car-loan/) - Purchasing a new vehicle can often be an exciting yet stressful period. After all, there’s little fun in hopping between showrooms around the city, negotiating with salesmen, conducting mechanical checks on the car and the like. And while the process to obtain a car loan can scare some, there are several initiatives you can adopt
- [How to Upgrade Your Car While Still Paying Off a Loan](https://fincar.com.au/company_news/how-to-upgrade-your-car-while-still-paying-off-a-loan/) - Many people find themselves in a situation where their existing vehicle no longer meets their needs or desires, prompting thoughts to upgrade their car. Ultimately, upgrading your car while still paying off a loan can be a complex decision, so it is important that you undertake careful planning and understand your current financial obligations.
- [How to Apply for a Loan for an Imported Car](https://fincar.com.au/company_news/how-to-apply-for-a-loan-for-an-imported-car/) - For some time now, many Australians have flirted with the idea of importing their desired vehicle from abroad. What with cheaper prices, and high quality models that are sometimes unavailable locally, there are immediate incentives right off the bat. However, when it comes to financing an imported vehicle, just how exactly can you apply for
- [Is it Better to Take Out a Loan for a New Car Instead of a Cheaper Second-Hand Vehicle?](https://fincar.com.au/company_news/is-it-better-to-take-out-a-loan-for-a-new-car-instead-of-a-cheaper-second-hand-vehicle/) - Understandably, some new car buyers might have reservations about the whole process. They might be coming from the angle that you pay less if you can buy a car for cash and if you don’t have a whole lot of money saved up, you have to be content with buying yourself a cheaper car rather
- [Applying for a Car Loan While You Have a Personal Loan](https://fincar.com.au/company_news/applying-for-a-car-loan-while-you-have-a-personal-loan/) - Trying to secure a car loan while already servicing a personal loan can be challenging, but certainly not impossible. Here is a comprehensive guide to help you understand and successfully manage the process. Your Financial Standing First and foremost, evaluate your current financial situation. This involves assessing your income, monthly expenses, and the outstanding
- [Understanding Fringe Benefits Tax](https://fincar.com.au/company_news/understanding-fringe-benefits-tax/) - Employers making non-cash payments to employees may find themselves liable to pay 'fringe benefits tax' ('FBT') on those payments. For tax purposes, you might be considered an employee of your own business, so you incur FBT on benefits your business provides for you, or for other employees. FBT also applies to benefits provided indirectly to
- [How to Budget for a New Car](https://fincar.com.au/company_news/how-to-budget-for-a-new-car/) - When you apply for a vehicle loan, there are two things that will help your chances of getting your loan approved. The first of these is to collect a decent-sized deposit together for the vehicle of your choice. After all, the less you borrow, the less you have to repay and the less interest you'll
- [The Essentials to Ask About Novated Leases](https://fincar.com.au/company_news/the-essentials-to-ask-about-novated-leases/) - When considering a novated lease, it is essential to ensure you fully understand the agreement's terms, benefits, and potential drawbacks. A novated lease involves an employee, employer, and a finance company, allowing the employee to lease a vehicle with payments deducted from their pre-tax salary. With this in mind, these questions could guide your enquiry.
- [All The Questions to Ask When Buying a Second-Hand Car](https://fincar.com.au/company_news/all-the-questions-to-ask-when-buying-a-second-hand-car/) - When buying a second-hand car, it’s vital to ask the right questions to ensure you make an informed decision. We've got a list of things that not only should you keep in mind if you're in the market for a used car, but also these things should be scoped out from the seller. History
- [Can I Get an Equipment Loan for My Cleaning Business?](https://fincar.com.au/company_news/can-i-get-an-equipment-loan-for-my-cleaning-business/) - A lot of people who want to start their own businesses look at cleaning services and starting their own contracting service. After all, if there is one thing that can be assured, there is always a demand for cleaning services. In fact, quite often various operators started off small but went on to create large
- [Car Finance With Poor Credit](https://fincar.com.au/company_news/car-finance-with-poor-credit/) - We here it time and time again here at Fincar. A story where someone once blew it when it comes to their finances, and that they're never going to be accepted for a loan again? Now you're in the market for a new car, and you're wondering what are your options? Do you have to
- [Can I Get a Loan for a Bicycle?](https://fincar.com.au/company_news/can-i-get-a-loan-for-a-bicycle/) - Nowadays, if you want a really good bicycle, you might even need to take out a loan to buy it. That's because a really good bike, think one of those the professionals use for cycling, can cost as much as a second-hand car. How Bikes Have Changed Bikes have come a long way in
- [Is it Worth Applying for Car Loan Pre-Approval?](https://fincar.com.au/company_news/is-it-worth-applying-for-car-loan-pre-approval/) - As part of the car buying process, you'll typically hone your new car search to a specific model before then applying for finance. All the while, you'll be left in an uncertain state wondering if the car will still be available by the time you secure finance. Fortunately, however, car loan pre-approvals can help you
- [How Can I Improve My Borrowing Power?](https://fincar.com.au/company_news/how-can-i-improve-my-borrowing-power/) - In today's economic landscape, borrowing power is a crucial aspect of achieving financial goals, especially if you want to buy a new car. Your borrowing power essentially determines how much financial institutions are willing to lend you and at what interest rates. Ultimately, strengthening your borrowing power provides you access to better loan options, and
- [Car Allowances Explained](https://fincar.com.au/company_news/car-allowances-explained/) - Nowadays, employers are more dependent on a mobile workforce than ever before. This means more employees are expected to make visits to clients, third-party premises, or work from alternative offices. This has led to another incentive that employers have at their disposal, which is a car allowance. What is a Car Allowance? A car
- [How Salary Packaging is Fuelling EV Demand](https://fincar.com.au/company_news/how-salary-packaging-is-fuelling-ev-demand/) - Amid greater environmental concerns, tech advancements, and government incentives, electric vehicle (EV) demand in Australia is on the rise. However, another factor is also playing a role, with salary packaging promoting EV adoption across the country. What is Salary Packaging? For the definitive source on this, let's turn to the Australian Taxation Office (ATO). They
- [Does a Novated Lease Save You Money?](https://fincar.com.au/company_news/does-a-novated-lease-save-you-money/) - Amid the current cost-of-living crisis, it's understandable to be concerned about minimising costs where you can. In the case of a car, for many, this is an unavoidable expense, and one that is an enabler in order to provide a living. With this, it only makes sense to look at ways you can save money,
- [How to Sell a Car Under Finance or Novated Lease](https://fincar.com.au/company_news/how-to-sell-a-car-under-finance/) - Can I sell a car under a novated lease? Yes, but remember a novated lease is a 3-way agreement between yourself, your employer and the finance company.
- [What is Cash Flow Lending?](https://fincar.com.au/company_news/what-is-cash-flow-lending/) - Cash flow lending is a vital aspect of financing for businesses, particularly for those with strong operating cash flows but limited tangible assets. Unlike traditional asset-based lending, which primarily relies on collateral, cash flow lending focuses on a company's ability to generate consistent cash flows to repay debts. This type of lending is particularly advantageous
- [When is the Best Time to Secure a Deal for a New Car?](https://fincar.com.au/company_news/when-is-the-best-time-to-secure-a-deal-for-a-new-car/) - We’ve talked previously of the merit in doing your homework to find affordable financing options, but just as important is picking up a vehicle at the best possible price. Loan repayments and interest costs will be dictated by the initial purchase price of the car, so getting yourself the best deal is vital. On that
- [What is End of Loan Refinancing?](https://fincar.com.au/company_news/what-is-end-of-loan-refinancing/) - Many borrowers who take on a car loan will do whatever it takes to reduce their repayments. One way this is often achieved is through a balloon payment. Also known as a residual payment, it involves a lump sum payment at the end of the loan term, thus reducing your monthly repayment obligations through the
- [What are the Essential Questions to Ask a Lender About a Car Loan?](https://fincar.com.au/company_news/what-are-the-essential-questions-to-ask-a-lender-about-a-car-loan/) - When obtaining a car loan, it's essential to gather as much information as possible to make an informed decision. Here are some key questions to ask a prospective lender: 1. What is the interest rate? Knowing the interest rate helps you understand the total cost of the loan over time. 2. Is the interest
- [What Should I Do if I Fall Behind on My Loan?](https://fincar.com.au/company_news/what-should-i-do-if-i-fall-behind-on-my-loan/) - Life is unpredictable, and financial setbacks can happen to anyone. If you find yourself falling behind on your car loan repayments, it's essential to address the situation promptly and proactively. Ignoring the issue can lead to serious consequences, including repossession of your vehicle. In this article, we'll explore practical steps to take if you find
- [How to Secure a Car Loan as a Casual Employee](https://fincar.com.au/company_news/how-to-secure-a-car-loan-as-a-casual-employee/) - Securing a car loan as a casual employee can present certain challenges, but with careful planning and a strategic approach, it's certainly feasible. Lenders typically assess the stability of an applicant's income and employment history when considering a loan application. As a casual employee, you may need to demonstrate financial responsibility and stability in alternative
- [Is it Worth Buying an Electric Vehicle With a Novated Lease?](https://fincar.com.au/company_news/is-it-worth-buying-an-electric-vehicle-with-a-novated-lease/) - The automotive industry is undergoing a significant shift towards sustainability, with electric vehicles (EVs) at the forefront of this revolution. As more people embrace eco-friendly transportation options, the decision to purchase an electric vehicle with a novated lease is gaining popularity. This article explores the various factors to consider when deciding whether to buy an
- [What are the Potential Benefits of a Chattel Mortgage for Businesses?](https://fincar.com.au/company_news/what-are-the-potential-benefits-of-a-chattel-mortgage-for-businesses/) - For those who haven’t heard of a chattel mortgage, you might be wandering what this financial product is? Simply put, a chattel mortgage is one form of secured loan where a moveable property (or chattel) is put up as collateral against the loan. It is a commercial form of financing, restricted to those who use
- [What Should I Consider With Same-Day Car Loans?](https://fincar.com.au/company_news/what-should-i-consider-with-same-day-car-loans/) - In today's fast-paced world, the need for immediate solutions extends beyond just day-to-day tasks. This urgency is particularly evident when it comes to making significant financial decisions, such as purchasing a car. Same-day car loans have emerged as a convenient option for those seeking quick financing to seal the deal on their dream vehicle. Before
- [What are the Most Common Myths About Novated Leases?](https://fincar.com.au/company_news/what-are-the-most-common-myths-about-novated-leases/) - Many people are unfamiliar with the concept of novated leases, which creates a problem in itself. That is, because there are a lot of myths around this flexible form of finance. This means that a lot of employees who stand to gain from embracing novated leasing are in fact sacrificing a great opportunity because of
- [What to Consider When Rolling Your Car Loan Into Your Mortgage](https://fincar.com.au/company_news/what-to-consider-when-rolling-your-car-loan-into-your-mortgage/) - Rolling your car loan into your mortgage is a good idea for many but not all. Consider interest rates, loan terms, equity, security and financial ease
- [What Happens if I Terminate a Novated Lease Early?](https://fincar.com.au/company_news/what-happens-if-i-terminate-a-novated-lease-early/) - One of the primary considerations when terminating a novated lease ahead of schedule is the financial impact. Consider fees, tax, and equity position
- [Who Should I Finance My Car With?](https://fincar.com.au/company_news/who-should-i-finance-my-car-with/) - Deciding how to finance your car is a pivotal choice that can significantly impact your financial well-being. It’s not merely about securing a loan, rather, it’s about finding the right fit for your circumstances. With a multitude of options available — from banks to dealerships to credit unions — making this decision warrants careful consideration.
- [How to Access Finance for a Private Sale](https://fincar.com.au/company_news/how-to-access-finance-for-a-private-sale/) - Buying a car is often a significant financial decision, and while purchasing from a dealership is common, private sales can offer unique opportunities. But can you secure a car loan for a private sale? The answer is yes, and here's what you need to know about this process. Understanding Private Sale Car Loans Unlike
- [Why Are Interest Rates for Used Cars Higher Than New Cars?](https://fincar.com.au/company_news/why-are-interest-rates-for-used-cars-higher-than-new-cars/) - Buying a car, whether new or used, often involves taking out a loan. However, if you’ve explored financing options, you may have noticed that interest rates for used cars are typically higher than those for new cars. This discrepancy in interest rates can be attributed to several key factors. Depreciation First of all, depreciation
- [Guaranteed Future Value Explained](https://fincar.com.au/company_news/guaranteed-future-value-explained/) - One of the programs that has taken off in recent years is the 'Guaranteed Future Value Program'. The initiative, which is provided by a select range of car manufacturers, provides motorists with some degree of clarity surrounding the resale value of their car. Each manufacturer will provide their own tailored version of the deal, with
- [What Happens if I Break a Novated Lease?](https://fincar.com.au/company_news/what-happens-if-i-break-a-novated-lease/) - What to do if you need to end your novated lease. Find out options and how to pay the finance out without getting stung
- [How Important is Fuel Economy When Buying a New Car?](https://fincar.com.au/company_news/how-important-is-fuel-economy-when-buying-a-new-car/) - In today's world, where environmental concerns and rising fuel costs are ever-present, the significance of fuel economy in the decision-making process of buying a new car cannot be overstated. Fuel economy, of course, refers to the efficiency of a vehicle in terms of the distance it can travel per litre of fuel. Several factors influence
- [How to Upgrade Your Car on a Budget](https://fincar.com.au/company_news/how-to-upgrade-your-car-on-a-budget/) - Upgrading a car can be an exciting time, but it is often associated with substantial expenses. However, there are numerous ways to enhance your vehicle without breaking the bank. Whether it's improving performance, enhancing aesthetics, or increasing comfort, a budget-friendly approach can yield remarkable results. Aesthetics One of the most cost-effective ways to upgrade
- [What to Consider With a Chattel Mortgage?](https://fincar.com.au/company_news/what-to-consider-with-a-chattel-mortgage/) - Before signing up for any form of financing, it’s important that you do your due diligence. It doesn’t matter if you are borrowing as an individual or as a business, nor the type of loan, or the financier from which you are sourcing the funds – always prepare a list of considerations that will help
- [Applying for a Second Car Loan While Repaying an Existing Car Loan](https://fincar.com.au/company_news/applying-for-a-second-car-loan-while-repaying-an-existing-car-loan/) - In today's world, owning a car is often essential for work, family, and personal commitments. However, the financial reality is that many individuals find themselves in the situation of repaying an existing loan, while needing to secure financing for a second car. While this may seem like a challenging road to navigate, it's certainly not
- [How Much of My Salary Should Be Spent on a Car Loan?](https://fincar.com.au/company_news/how-much-of-my-salary-should-be-spent-on-a-car-loan/) - When it comes to buying a car, one of the most critical financial considerations is how much of your salary should be allocated to a car loan. Your car is an essential part of your daily life, offering convenience and mobility, but it's also a substantial financial commitment. To strike the right balance, you need
- [What are Three Signs it is Time to Buy a New Car?](https://fincar.com.au/company_news/what-are-three-signs-it-is-time-to-buy-a-new-car/) - Determining when it's time to buy a new car can vary from person to person depending on their specific circumstances and priorities. Nonetheless, here are three signs that might indicate it's time to consider purchasing a new vehicle Frequent and Costly Repairs If your current car is experiencing frequent breakdowns and repairs that are
- [Is it Easier to Obtain a Secured Car Loan?](https://fincar.com.au/company_news/is-it-easier-to-obtain-a-secured-car-loan/) - For many borrowers, obtaining a secured car loan is typically easier than getting an unsecured car loan, especially if they have a less-than-perfect credit history. Why are Secured Car Loans More Accessible? 1. Collateral: Secured car loans require you to use the car you're purchasing as collateral for the loan. This reduces the lender's
- [How Do Bank Statements Affect the Outcome of a Loan?](https://fincar.com.au/company_news/how-do-bank-statements-affect-the-outcome-of-a-loan/) - Bank statements play a crucial role in determining the outcome of a loan application. Lenders use these statements to assess an applicant's financial health, stability, and creditworthiness. Today we will explore the significance of bank statements in the loan approval process and how they influence the final decision. How are Bank Statements Used? First
- [What On-Road Costs do I Need to Pay?](https://fincar.com.au/company_news/what-on-road-costs-do-i-need-to-pay/) - On road costs include stamp duty, dealer delivery, registration, CTP (compulsory third-party insurance), LCT (Luxury Car Tax) and more. Varies by state.
- [What are the Most Common Mistakes When Applying a Car Loan?](https://fincar.com.au/company_news/what-are-the-most-common-mistakes-when-applying-a-car-loan/) - Applying for a car loan is no easy procedure, with borrowers required to jump through numerous hoops in order to establish themselves as a trusty candidate. With that however, not everyone manages to make it through the application process. While there are a variety of reasons, some within a borrower’s control, others not, it’s vital
- [How to Choose the Right Car for Your Business](https://fincar.com.au/company_news/how-to-choose-the-right-car-for-your-business/) - Choosing the right car for your business is a crucial decision that can impact your company's efficiency, image, and bottom line. Whether you're a sole trader, a small business owner, or part of a larger company, the vehicle you choose should align with your specific needs and objectives. Here are some key factors to consider
- [Can I Trade a Leased Car for a New Car Lease?](https://fincar.com.au/company_news/can-i-trade-a-leased-car-for-a-new-car-lease/) - One of the primary benefits while leasing a car is the fact that at the end of the lease, you are able to hand over the vehicle. With that said, you don’t necessarily need to wait til that point if you decide you’re in the market for something new. In fact, you may trade in
- [How to Ask An Employer About Salary Packaging](https://fincar.com.au/company_news/how-to-ask-an-employer-about-salary-packaging/) - Asking an employer, or prospective employer about salary packaging will ensure you receive the best compensation package for your job. Salary packaging, also known as salary sacrificing, allows employees to customise their remuneration to maximize their take-home pay while minimising tax liability. Here are some key steps and considerations for how to approach your employer
- [What is Car Loan Serviceability?](https://fincar.com.au/company_news/what-is-car-loan-serviceability/) - The process of applying for a car loan can at times be tedious and confusing. If it’s your first time, you’re probably learning how everything works. While there are no shortage of resources out there designed to shed some insight, not all of your queries will be addressed. One of the more common topics we get
- [What is Loan Repayment Insurance and Do I Need It?](https://fincar.com.au/company_news/what-is-loan-repayment-insurance-and-do-i-need-it/) - These days, a number of loan companies and banks require applicants to take out loan repayment insurance when seeking finance to purchase a vehicle. Most car buyers would be thinking why on earth they need to take out such a policy. You may even assume that this is just another money-spinning initiative for lenders to capitalise
- [Do I Need a Deposit for a Car Loan?](https://fincar.com.au/company_news/do-i-need-a-deposit-for-a-car-loan/) - Although the common perception is that you need a deposit in order to take out a car loan, many would be surprised to realise that this isn’t always the case. Sure, some lenders will give you a difficult time without putting down any money. However, these days there are lots of providers who are willing
- [How to Tell if a Car Loan is Right for You](https://fincar.com.au/company_news/how-to-tell-if-a-car-loan-is-right-for-you/) - Over the years car loans have become increasingly accessible to Aussie motorists, but with interest rates now marching sharply higher since the end of the pandemic, borrowers should know what they are potentially getting into. So before you make the commitment to finance a vehicle, ask yourself these three crucial questions. How Does
- [What is a Comparison Rate?](https://fincar.com.au/company_news/what-is-a-comparison-rate/) - If you’re in the market for a car loan, or other types of financing for that matter, you may have noticed a specific term describing the interest rate – comparison rate. So what exactly is a comparison rate, and how does it differ from an advertised rate? Why Refer to a Comparison Rate? The
- [What Car-Related Tax Deductions Can You Claim?](https://fincar.com.au/company_news/what-car-related-tax-deductions-can-you-claim/) - As the end of the financial year nears, it's worth thinking about tax time! And with a few weeks remaining, that means any last-minute deductions, or things to be aware of when it comes time to claim deductions. While there are a wide array of permutations and individual circumstances to consider, here are the most
- [The Most Important Finance Terms You Should Know](https://fincar.com.au/company_news/the-most-important-finance-terms-you-should-know/) - In this day and age with elevated inflation leading to a greater focus on prices, it is wise to sit back and revisit the basics. With interest rates also rising, this holds true for motor vehicle financing as well. When we decide that we need a new vehicle, we also have to decide how to
- [Is Your Credit Score or Credit Report More Important?](https://fincar.com.au/company_news/is-your-credit-score-or-credit-report-more-important/) - One of the common queries the team here at Fincar deals with is the matter of credit scores and credit reports. Many are unsure of the differences between the two. What's more, a number of would-be borrowers don't understand whether one is any more important than the other. The truth is, the two are interrelated,
- [Should I Repay My Car Loan Early?](https://fincar.com.au/company_news/should-i-repay-my-car-loan-early/) - The primary purpose of a car loan is to provide you with means to access credit that allows you to purchase a vehicle that otherwise would not have been within your reach. It could be because the purchase price is more than you can initially afford, or, your cash flow dictates that you need to
- [When is the Best Time to Score a New Car Bargain?](https://fincar.com.au/company_news/when-is-the-best-time-to-score-a-new-car-bargain/) - New car prices may already be at a competitive level we have rarely seen before, however, who can honestly say they still don’t want to score a bargain? Thankfully, if you’re not in an urgent position, then you can take advantage of some very distinct periods throughout the year to save yourself a small fortune.
- [How Long Should a Car Loan Be?](https://fincar.com.au/company_news/how-long-should-a-car-loan-be/) - With the majority of Australians required to take out a loan when buying a new car, the market has long offered savvy consumers means to shop around to get the best deal for themselves. With interest rates skyrocketing over the last year, that is even more important. However, what’s often overlooked in favour of the
- [What are the Ongoing Costs of a Car Loan?](https://fincar.com.au/company_news/what-are-the-ongoing-costs-of-a-car-loan/) - It’s no secret that Australian motorists love their vehicles. What's more, as a nation, we’re partial to the use of debt to leverage our assets and fund our shopping habits! However, many new car buyers only focus on the initial price of their purchase and often take for granted the ongoing costs associated with a
- [Should I Consider Trading In My Car?](https://fincar.com.au/company_news/should-i-consider-trading-in-my-car/) - When we start looking for a new car, we inevitably face the decision regarding what to do with our existing vehicle. The most common options include trading in the vehicle to a dealership in exchange for a discount on your new purchase, or opting to take the car to the private market and deal with
- [What to be Wary of When Borrowing](https://fincar.com.au/company_news/what-to-be-wary-of-when-borrowing/) - If you’ve ever talked to someone who has taken out a loan with a loan shark, also known as shylocks, you’ll understand why these 'financiers' were often cast as villains. Some people who failed to read the fine print or were so desperate to take out a loan from one of these unscrupulous lenders would
- [Understanding Fringe Benefits Tax With Your Novated Lease](https://fincar.com.au/company_news/understanding-fringe-benefits-tax-with-your-novated-lease/) - If you don’t have an accounting background, understanding all the ins and outs of fringe benefit taxes and how they apply in the case of a novated lease on your car could drive you up the wall. A Recap on Novated Leases A novated lease is considered a fringe benefit and is subject to
- [Car Finance Tips for 2023](https://fincar.com.au/company_news/car-finance-tips-for-2023/) - As we round out another year, you may have reviewed your finances and decided a new set of wheels are on the cards. However, you’ll also know that inflation is at multi-decade highs, with interest rates now climbing sharply higher. With that in mind, what should you consider when buying a car in the new year? Follow
- [What is a Chattel Mortgage?](https://fincar.com.au/company_news/what-is-a-chattel-mortgage/) - When it comes to sourcing finance, motorists have a variety of avenues to seek credit. One of the less common formats is a chattel mortgage. Although it may sound like something to do with your home, it's not the case at all. So what is a chattel mortgage? First things first, let's clarify that chattel mortgages are for
- [Novated Leasing: Just WHAT Is It?](https://fincar.com.au/company_news/novated-leasing-just-what-is-it/) - Buying a car can be immensely stressful and that's understandable. Brands, models, prices, features, body types, performance attributes, amenities - plus so much more. Not unexpectedly, how to pay for your car is one of the biggest contributors to that stress. Sure, there are loans or those hoping to win the lotto, but there is also the option of novated
- [How to Pay Off Your Car Loan Quicker](https://fincar.com.au/company_news/how-to-pay-off-your-car-loan-quicker/) - Obtaining finance for your new car is one of the best ways to leverage your current financial position to have access to an asset you otherwise might not have been able to afford. With that however, comes the responsibility of making your repayments to clear the debt. While you often have several years to do
- [How to Apply for a Business Car Loan](https://fincar.com.au/company_news/how-to-apply-for-a-business-car-loan/) - For many businesses, it makes a lot of sense to take out a car loan for day-to-day operations. A business car loan is a form of commercial finance used to acquire anything from fleet cars, to employee vehicles, trucks, equipment and much more. Some of the more popular varieties of business car loans include chattel mortgages,
- [What Sort of Vehicles are Difficult to Finance?](https://fincar.com.au/company_news/what-sort-of-vehicles-are-difficult-to-finance/) - Although it is easy enough to assume that any given vehicle is eligible for financing – they are an asset after all, right? – in reality this is far from normal practice. Lenders will want to minimise their exposure to certain levels of risk. And in the eyes of a financier, certain cars pose more
- [Car Loan Application Mistakes](https://fincar.com.au/company_news/car-loan-application-mistakes/) - Applying for a car loan is no easy procedure, with borrowers required to jump through numerous hoops in order to establish themselves as a trusty candidate. And now that interest rates are rising, there is sure to be even greater scrutiny of every application to ensure applicants can service their debt. With that, not everyone
- [Tips on Taking Out a Loan in a Rising Rate Environment](https://fincar.com.au/company_news/tips-on-taking-out-a-loan-in-a-rising-rate-environment/) - In recent month, with interest rates increasing rapidly, and more rate hikes still to come, a lot of attention has been directed towards the importance of setting yourself up with reliable finance that you can pay back. The fact that home loan borrowers are now suddenly staring at rates that could be multiples of what they
- [Will My Credit Score Be Impacted if I Refinance My Car Loan?](https://fincar.com.au/company_news/will-my-credit-score-be-impacted-if-i-refinance-my-car-loan/) - The decision to refinance your car loan is one that should be carefully considered before you go ahead with the move. After all, your financial circumstances may have changed, or you may be switching to another lender who sets out different provisions and terms from your existing financier. Not to mention, there are usually costs
- [Why You Shouldn't Finance Your New Car Through a Dealer](https://fincar.com.au/company_news/why-you-shouldnt-finance-your-new-car-through-a-dealer/) - These days there are a variety of avenues available to prospective new car buyers to obtain finance. Even if your credit rating is not so flash, you still have as much accessibility to secure a car loan than you otherwise might have thought. So should you be offered the option for dealership finance, is it
- [How Much Should I Borrow for a Car Loan?](https://fincar.com.au/company_news/how-much-should-i-borrow-for-a-car-loan-2/) - It’s always a tough proposition when considering how much to borrow for a car loan, let alone with interest rates now on the rise after sitting at rock-bottom levels for the best part of the last two years. On the one hand, you will likely have a steady income, but your expenses may vary from
- [Why was my Car Loan Application Rejected?](https://fincar.com.au/company_news/why-was-my-car-loan-application-rejected/) - One of the most disappointing aspects of financing is that while you may consider yourself a suitable candidate for a loan, banks and other financiers don’t always see it the same way. Even more frustrating, when this happens you’re rarely afforded any detailed insight or knowledge regarding why your car loan application was rejected. Although
- [What to Do if You're Not Happy With Your Car Loan?](https://fincar.com.au/company_news/what-to-do-if-youre-not-happy-with-your-car-loan/) - Once you have signed the dotted line, it’s easy to think that you’re signing away all your rights as a consumer. While from a legal perspective you bear all the responsibility of meeting your obligations as set out under a loan, you do have some recourse to achieve an outcome that you are ultimately satisfied
- [With Interest Rates Rising, a Long Term Car Loan May Not be a Good Idea](https://fincar.com.au/company_news/with-interest-rates-rising-a-long-term-car-loan-may-not-be-a-good-idea/) - When you apply for a car loan, one of the key items you’ll need to weigh up is how long you anticipate requiring to repay the loan. Most car loans are set up for a term of around 5 years, however, you do have the option to pick a longer term if you desire. A
- [Understanding Principal and Interest](https://fincar.com.au/company_news/understanding-principal-and-interest/) - While a number of our clients looking for car financing are fairly familiar with some of the basic concepts tied to borrowing and lending, it's important for us to remember that not everyone enters this realm with the same level of understanding and knowledge. That means, for many people, whether you have just left school and are
- [Does it Make Sense to Borrow Against Your Home to Buy a Car?](https://fincar.com.au/company_news/does-it-make-sense-to-borrow-against-your-home-to-buy-a-car/) - Once you’ve started to make inroads into your home loan, and the value of your property gradually increases, you will find yourself with equity against your name. This equity, which is a form of ownership of the house, can be used as security for other purchases. For example, you may consider using the equity as
- [How to Calculate Your Balloon Payment](https://fincar.com.au/company_news/how-to-calculate-your-balloon-payment/) - When you have made the decision to either take out a lease or a commercial hire purchase, you are inevitably faced with the decision about the size of the end payment, known as the balloon payment or residual, and what impact it has on you now and in the future. The impact should be quite obvious,
- [Is a Motorbike Right for Your Business?](https://fincar.com.au/company_news/is-a-motorbike-right-for-your-business/) - Have you thought about using a motorbike for business purposes? If you're part of a company which is looking to widen or upgrade its commercial fleet, have you paused to consider whether motorbikes might prove a useful addition to your fleet? Of course, a motorbike may or may not be suitable to form part of a novated lease agreement, although
- [Low Credit Ratings Following a Recession](https://fincar.com.au/company_news/low-credit-ratings-following-a-recession/) - Between the recent recession, as well as our nation's love for debt, many Aussies around the country have been staring at the prospect of a poor credit rating. In fact, it's lucky that the banks and lenders were forced into a pause on mortgages, otherwise things may have come to a head even sooner, and
- [Getting Your Finance in Place](https://fincar.com.au/company_news/getting-your-finance-in-place/) - The New Year always seems to be a good place for great ideas, however, a lack of planning can often be our downfall. In fact, many of us fall to the wayside too quickly and easily as we discover that the idea was solid, but our intentions were not. With this in mind, we're going to look at what you can
- [Cutting Your Petrol Costs in Tough Times](https://fincar.com.au/company_news/cutting-your-petrol-costs-in-tough-times/) - Paying down a car loan requires a little discipline and planning. It is the little things that count, and if you can cut costs back, even if only by a little bit, you'll end up saving a lot in the long run. Petrol is one place that you can cut down on your costs if you're canny.
- [How Much Time do I Need to Arrange a Loan?](https://fincar.com.au/company_news/how-much-time-do-i-need-to-arrange-a-loan/) - Deciding to purchase a car is a major milestone in your life, and when you choose the specific make and model, the next step in the process then turns to funding the vehicle. For most, this will generally involve financing, which brings about an element of complexity and pressure in its own right. Many new
- [Avoiding Financial Stress Over the Holiday Season](https://fincar.com.au/company_news/avoiding-financial-stress-over-the-holiday-season/) - With only a month til Christmas, and retail advertisements in full force, the difficulty in resisting the siren call of advertisers should not be understated. However, if you're considering taking out a new car loan or you've already committed to a car loan, you have to be really canny in order to resist the pressure. Once the
- [Why Should I Consider Car Loan Pre-approval?](https://fincar.com.au/company_news/what-are-the-benefits-of-car-loan-pre-approval/) - Car loans traditionally require you to search for a specific vehicle that you are interested in, before then applying for finance. In the meantime, you wait to hear back from the financier, wondering if your car will still be available should you be fortunate enough to receive approval. However, it doesn’t necessarily need to flow
- [What Tax Benefits Come With Novated Leases?](https://fincar.com.au/company_news/what-tax-benefits-come-with-novated-leases/) - Given the growing expectations in this day and age for employers to offer incentives to employees including vehicles and the like, a novated lease is a cost-effective and tax-effective way to add value to an employee's remuneration package - not to mention, a flexible solution as well. In fact, employees are now in a position
- [Private Buyer Finance](https://fincar.com.au/company_news/private-buyer-finance/) - There are many options available for individuals financing the purchase of a car, which means buyers should investigate the choices carefully before going shopping for a vehicle. For example, a car dealer is likely to offer finance, but it might not always be the best option for you. In fact, it may well be the best option
- [Is a Car Broker Right for Me?](https://fincar.com.au/company_news/is-a-car-broker-right-for-me/) - In Australia, car brokers are a relatively unknown breed, with many unaware of their existence, let alone what they do. However, buying a car through a broker can deliver you major benefits. Back in the day, car brokers used to operate as 'spotters', working on behalf of dealers to attract customers. If the customer purchased a
- [Buying a Car Through a Commercial Hire Purchase](https://fincar.com.au/company_news/buying-a-car-through-a-commercial-hire-purchase/) - If, as a business, you are looking at using a commercial hire purchase to obtain your next car, there are a number of things to bear in mind before you take the plunge. For those not in the know, a commercial hire purchase (CHP), also referred to as an operating lease, is a commercial finance product that allows you to hire the car
- [Are Novated Leases Worth It?](https://fincar.com.au/company_news/are-novated-leases-worth-it/) - A novated lease is an agreement between your employer, a finance company and yourself. When you choose the car you want, you then enter into a finance agreement in your own name. After that, all three parties, including your employer and the financier, sign a novated lease. Some lease companies will allow an employee to “finance”
- [Why Borrowers Should Take Out a Vehicle Inspection for Second-Hand Cars](https://fincar.com.au/company_news/why-borrowers-should-take-out-a-vehicle-inspection-for-second-hand-cars/) - It's one thing to take out finance for a new car, however, a large portion of car buyers opt for a used car instead. And when it comes to the second hand market, you can never be too sure what you’re buying. Regardless of whether you opt to purchase through a dealer or a private
- [Car Finance for Businesses](https://fincar.com.au/company_news/car-finance-for-businesses/) - There are many options for businesses to finance motor vehicles. Interest rates and borrowing costs are the obvious starting point when comparing finance options, however, tax deductions, GST implications, and fringe benefit taxes should also be considered. Vehicle leasing Leasing is a popular option for businesses financing vehicles because it is generally highly tax effective, and lease
- [3 Finance Tips to Keep You in Check](https://fincar.com.au/company_news/3-finance-tips-to-keep-you-in-check/) - Australia may have recovered from its first recession in more than a quarter of a century, and the economy might be roaring, however, that doesn't mean that many of us haven't felt the pinch. In fact, the difference between those thriving financially and those on struggle street has never been more stark. If you're in
- [How much does a Car Loan Broker Charge?](https://fincar.com.au/company_news/how-much-does-a-car-loan-broker-charge/) - With the hassles that come with scouring car dealerships for your next vehicle, more and more Australians are turning to the help of car loan brokers to secure an affordable car. When you consider that many new car buyers are unsure or uncomfortable securing finance on their own, or looking to get the best deal
- [Is a Novated Lease Appropriate for My Employees?](https://fincar.com.au/company_news/is-a-novated-lease-appropriate-for-my-employees/) - Novated leases are a very popular way for employers to reward their best staff members. While it's not compulsory for employers to offer workers a novated lease as part of their salary package, it is increasingly becoming a popular option due to the benefits for each party. As such, it's an option you might want to
- [What to be Aware Of While Leasing a Car](https://fincar.com.au/company_news/what-to-be-aware-of-while-leasing-a-car/) - Leasing a car can be a great solution for those on a budget looking to get access to the newest cars on the market. However, there are a number of precautions to be mindful of so that you don't come out of it worse-for-wear. Let's take a look at some of the things that typically
- [How Will a Salary Sacrifice Car Loan Benefit Me?](https://fincar.com.au/company_news/how-will-a-salary-sacrifice-car-loan-benefit-me/) - If you’re employed and earning a regular wage, then salary sacrificing is a popular option to help you get into a new car. Following the recession, this might be a convenient option to help provide employees accessibility to the new car market, while also potentially affording tax breaks to businesses as well. Of course this will vary
- [Is a Novated Lease Right for Me?](https://fincar.com.au/company_news/is-a-novated-lease-right-for-me/) - One form of financing that we see having the largest benefit to motorists who work full-time is novated leasing. Despite this, the majority of motorists remain unaware as to what this form of financing involves. Even fewer are fortunate to find themselves in a position where they are eligible for a novated lease. Among those who
- [Is a Motorbike Loan Right for Me?](https://fincar.com.au/company_news/is-a-motorbike-loan-right-for-me/) - Now that the year is well and truly under way, it might be time to review your transport options for the year ahead. Already, amid the pandemic, a number of individuals have opted to shy away from public transport and return to the humble car. But that also means gridlock on the roads. This isn't
- [So You're Considering a Novated Lease?](https://fincar.com.au/company_news/so-youre-considering-a-novated-lease/) - Not for the first time, we recently received a flurry of queries about novated leases. Most people haven't heard of the term before, yet suddenly, they find themselves afforded the opportunity to take out a novated lease. If you're among the many who have never heard of a novated lease before, you might be wondering what
- [The Different Types of Loans](https://fincar.com.au/company_news/the-different-types-of-loans/) - It's often hard enough navigating the finance landscape when it comes to some of the terms and names thrown about across the industry, however, the complexity of things only escalates when you start to look at the various forms of financing available. That's right, car loans come in a number of different types, and perhaps
- [Why Those Contract Terms and Fineprint Make All the Difference](https://fincar.com.au/company_news/why-those-contract-terms-and-fineprint-make-all-the-difference/) - If you're new to the world of finance and car loans, you might be mistaken for thinking that every car loan is equal. Dip your toes into the realm, however, and the reality shock will only hit you too quickly as you learn that no two loans are alike. The most obvious thing about a
- [Basic Borrowing and Lending terms You Need to Know](https://fincar.com.au/company_news/basic-borrowing-and-lending-terms-you-need-to-know/) - Everyone starts off somewhere, none of us are born experts in life, let alone when it comes to something like finance. With this in mind, we're taking the opportunity to introduce beginners to the world of car finance by explaining a few of the terms that get used when you start looking for a loan
- [Why a Personal Loan Might be the Best Option](https://fincar.com.au/company_news/why-a-personal-loan-might-be-the-best-option/) - After a tough 2020, the coming year is sure to be a year of big developments for everyone, and for some, that may even require a new car. Perhaps there's a baby on the way, or you've landed a job post-COVID that will see you working from a different location. No matter what your situation,
- [Taking out a loan for a Boat](https://fincar.com.au/company_news/taking-out-a-loan-for-a-boat/) - It might be hard for some to conceive the idea of buying a boat in this economic climate, however, many Australians are sitting on a stash of cash after lockdowns have kept us at home and locked within our own borders - on top of that, the adventure spirit in many Aussies means that we're
- [How do Same-Day Car Loans Work?](https://fincar.com.au/company_news/how-do-same-day-car-loans-work/) - Deciding on a new car can be a difficult proposition once you have gotten the search under way. But once you find that ‘perfect’ vehicle, it’s not unusual to want to move quickly to secure it. This is especially the case if there is something distinctive about the car, such as the specifications, price, rarity
- [Why You Should Ask Your Employer to Consider a Novated Lease](https://fincar.com.au/company_news/why-you-should-ask-your-employer-to-consider-a-novated-lease/) - For employees, the benefits of getting a new car through a novated lease scheme are plentiful and well documented. After all, who wouldn't want to have a voice providing input as far as the company car they drive? However, it's not just employees who like novated leases. Your boss should too. So if they haven't
- [What is the Difference Between a Car Loan and a Personal Loan?](https://fincar.com.au/company_news/what-is-the-difference-between-a-car-loan-and-a-personal-loan/) - It might seem simple enough to separate car loans from personal loans, however, in practice, the two are distinguished only by minor details. With said distinctions being relatively modest, consumers have the opportunity to consider either type of financing for their next vehicle purchase. Why then, do consumers generally opt for car loans in the
- [Car Finance with a Bad Credit History](https://fincar.com.au/company_news/car-finance-with-a-bad-credit-history/) - Are you in desperate need of a car? But you either have no credit history or a bad credit history after missing repayments in the past? Well, fortunately, a bad credit history doesn't prevent you from obtaining car finance! Now, be wary, however, because there are some finance businesses who almost prey on people in unfortunate circumstances
- [Car Loans for Uber Drivers](https://fincar.com.au/company_news/car-loans-for-uber-drivers/) - The digital economy has transformed much of our lives, including the transportation sector. For many years now we’ve become accustom to ride sharing services like Uber, as well as various other emerging companies such as Taxify and Ola. Of course, this has led to new opportunities in the industry as well, namely, ride share drivers.
- [Is a Novated Lease the Answer to Your Car Financing Needs?](https://fincar.com.au/company_news/is-a-novated-lease-the-answer-to-your-car-financing-needs/) - Writing off the idea of a novated lease before you've looked into it could well come back to bite you, because it could be that you would benefit from a novated lease and you might be able to novate your car after all. That's right, you don't necessarily need to be on a large pay packed
- [Making Sense of the Fine Print](https://fincar.com.au/company_news/making-sense-of-the-fine-print/) - Car loan offers aren't hard to miss. They're all over the internet, as well as in the newspaper, in magazines, on the radio, on TV and on billboards. If you're on the hunt for a new car and need a leg up through new car finance, then it can all be a bit overwhelming. Every single
- [Securing Finance Using Your Car as Collateral](https://fincar.com.au/company_news/securing-finance-using-your-car-as-collateral/) - If you’ve already gone through the process of paying off your car loan, you’ll be familiar with the fact that it can sometimes be more difficult than expected to manage your finances. But if you’ve made it through the ordeal successfully, or found yourself to be coping well so far, you might already be looking
- [What to Know When Buying Privately](https://fincar.com.au/company_news/what-to-know-when-buying-privately/) - Once you've secured car finance, the next step is to begin the car hunt! While you can head straight to the dealership to source the latest release, buying privately does have some advantages. First of all, you're not paying the dealer's commission and you're not paying a mark-up. You also avoid the high pressure sales
- [Why Employees Favour Novated Leases](https://fincar.com.au/company_news/why-employees-favour-novated-leases/) - Novated leases are something uniquely Australian in the workplace. Whereas other geographies might offer employees different incentives and perks, or the business might put on its own fleet of vehicles, the novated lease has become a hallmark of our workplace industries, particularly with businesses and employees sharing in the benefits. So why are novated leases
- [Should I Upgrade My Car While on a Lease?](https://fincar.com.au/company_news/should-i-upgrade-my-car-while-on-a-lease/) - One of the most favourable aspects that comes with leasing a car is the ability to upgrade to a newer vehicle. This may sound as though it’s an immeasurable benefit – and there are definitely a lot of perks to it – however you should also be conscious of the nuances when it comes to
- [Most Frequently Asked Questions on Novated Leases](https://fincar.com.au/company_news/most-frequently-asked-questions-on-novated-leases/) - Dealing with businesses right around the country, we're often approached to help owners understand the ins and outs of novated leases. That means we regularly hear some of the same questions, which we've put together below. Here are the most frequently asked questions on novated leases. Q: Can you get a novated lease for
- [How a Car Broker Can Help You Save Time and Money](https://fincar.com.au/company_news/how-a-car-broker-can-help-you-save-time-and-money/) - Unless you are a finance expert - and even then, let's be honest, few of us can profess to know every aspect of the finance industry - using a car finance broker to arrange finance is almost certain to introduce you to financing options you would otherwise not consider, and in many cases these
- [What to Consider When Buying a Second-Hand Vehicle Under Finance](https://fincar.com.au/company_news/what-to-consider-when-buying-a-second-hand-vehicle-under-finance/) - Second hand vehicles often represent great value to car owners in the market for a bargain. Perhaps even more so than new cars, purchasing a second hand vehicle requires extensive due diligence. In particular, you want to be sure of the car’s structural integrity, its mileage, repair and maintenance history, whether it may have been
- [Watch Out for these Dealer Tactics](https://fincar.com.au/company_news/watch-out-for-these-dealer-tactics/) - You may have done your homework when it comes to picking a vehicle and sorting out your finance, but there's much more to it as part of the car buying process. After all, the fun is only just beginning. Enter the showroom and the purchase won't necessarily be smooth sailing. Dealers have a myriad of
- [Can I get a Car Loan if I am Self-Employed?](https://fincar.com.au/company_news/can-i-get-a-car-loan-if-i-am-self-employed/) - Applying for finance is always a nervous process, and those who are self-employed feel this pressure as much as anyone. After all, juggling a business at the same time, which demands its own cash or financing means, can be a hard act to balance. Self-employed people, be it business owners or sole traders, are often
- [Worry-free Car Financing During Uncertain Economic Times](https://fincar.com.au/company_news/worry-free-car-financing-during-uncertain-economic-times/) - In uncertain economic times, it becomes far more important to make the right buying decisions when making large purchases. While you can often survive a buying mistake when things are going well, the wrong choices can be devastating in a more challenging economic climate, such as that right now amid COVID-19. Car buyers should choose
- [How to Get on Top of Your Car Loan](https://fincar.com.au/company_news/how-to-get-on-top-of-your-car-loan/) - Getting your finance sorted is just one part of the overall picture when it comes to financing a new vehicle. Whether it's a personal loan or a novated lease, the next issue to consider is obviously paying down the loan. Weekly, fortnightly or monthly repayments are the standard way to get on top of this, and
- [What Types of Lenders Offer Car Loans?](https://fincar.com.au/company_news/what-types-of-lenders-offer-car-loans/) - It was once the case that if you wanted to take out a loan for any reason, you needed to don your suit and head into your local bank for an 'interview' with the branch manager. Competition was effectively non-existent, so the banks had you over a barrel. Of course, today's market has seen drastic
- [Five Tips to Manage Your Car Loan](https://fincar.com.au/company_news/five-tips-to-manage-your-car-loan/) - For most Australians, a car is probably the second-biggest purchase they will make throughout their lives, only behind stepping into Australia's ever-increasing housing market. For some fortunate motorists, salary packages provide employees with a novated lease on a vehicle. In most instances, however, new car buyers need to find some alternative form of finance when setting
- [Why Your Credit History Makes all the Difference](https://fincar.com.au/company_news/why-your-credit-history-makes-all-the-difference/) - When it comes to securing finance, credit scores are often the first hurdle that applicants need to clear in order to improve their chances of obtaining a loan. Whereas a bad credit rating once meant you were unlikely to be considered creditworthy, an increasing degree of flexibility has entered the market in recent years for
- [Record Rates in Uncertain Times](https://fincar.com.au/company_news/record-rates-in-uncertain-times/) - While the lending climate may have changed amid the current economic crisis, FinCar still has access to Tier 1 lending companies who can offer the very best rates for consumers looking to buy a new car. Our lending for cars, motorbikes & equipment is still as competitive as ever. It's also worth noting that new
- [How Regularly Should I Make Car Loan Repayments?](https://fincar.com.au/company_news/how-regularly-should-i-make-car-loan-repayments/) - Although you might think that your car loan has a set repayment schedule every month, you’d be surprised to know that there is often more flexibility than you might have assumed. A big part of this is to cater to the financial circumstances of each individual, where for some people they have the means to
- [Should I Refinance my Car Loan Through the Same Lender?](https://fincar.com.au/company_news/should-i-refinance-my-car-loan-through-the-same-lender/) - As we’ve previously discussed, refinancing your car loan can be a great option for those who need flexibility to navigate certain financial circumstances. Sometimes these events may be in your favour and you’d like to arrange for earlier repayment of the loan, or a lower rate to decrease your repayments. In other instances, it may
- [What if I Can't Repay My Loan?](https://fincar.com.au/company_news/what-if-i-cant-repay-my-loan/) - In the current economic climate, it’s widely expected that more and more individuals will face financial hardship. For some, this means that they may have difficulty meeting their financial obligations, including keeping up with loan repayments. It is worth keeping in mind, however, that financiers can provide a range of options to those who find
- [How to Increase Your Likelihood of Getting a Student Car Loan](https://fincar.com.au/company_news/how-to-increase-your-likelihood-of-getting-a-student-car-loan/) - A student car loan can be a great way for you to build your credit score. In most instances, you are unlikely to have any credit history, which will only work against you later in life when it comes to other big-ticket items that you may require finance for. As a lender may reject your
- [Understanding Student Car Loans](https://fincar.com.au/company_news/understanding-student-car-loans/) - The student life has its ups and downs. On the one hand, there is a level of independence and free spirit that is as exciting as any other point in your life, and you’re continually learning about yourself and the wider world. On the other hand, between the costs associated with studying, and an increase
- [Do Car Loans Include Other Costs to Get my Car on the Road?](https://fincar.com.au/company_news/do-car-loans-include-other-costs-to-get-my-car-on-the-road/) - By now you’re probably all too familiar that a car loan is a useful financial tool to help you access your next car. With various forms of finance available to help you, there are no shortage of solutions for every situation, be it for personal or business use. One thing that sometimes causes confusion, however,
- [What Are the Requirements of Low Documentation Car Loans?](https://fincar.com.au/company_news/what-are-the-requirements-of-low-documentation-car-loans/) - In our other article on low documentation car loans, we detailed some of the ins and outs around this form of finance, including the common circumstances where this loan might be appropriate, and the benefits it can provide an applicant. Among the key takeaways, we covered the fact that low documentation car loans are most
- [What are Low Documentation Car Loans?](https://fincar.com.au/company_news/what-are-low-documentation-car-loans/) - A low documentation car loan is a form of finance for individuals who do not have a comprehensive set of financial records to support what would otherwise be a standard car loan application. For example, if you don’t have any income tax records, or payslips to provide a lender, this would normally make you ineligible
- [What are Secured Car Loans?](https://fincar.com.au/company_news/what-are-secured-car-loans/) - Secured car loans are a form of finance used exclusively to purchase a vehicle. It can be either a new or used car, however, that vehicle will be put up as collateral against the amount you borrow from the financier. Should you happen to fall behind on your loan repayments, the lender has the option
- [Why Your Banks Statements Influence Your Loan Outcome](https://fincar.com.au/company_news/why-your-banks-statements-influence-your-loan-outcome/) - If you have already commenced your car loan application, you will likely have a pretty familiar understanding of the process. However, if you’ve yet to lodge your application, perhaps hold back for just a moment, at least until you’ve had time to review your supporting documentation. Why, you might ask? Well, your bank statements could
- [What to Know When Buying a New Car at the End of the Financial Year](https://fincar.com.au/company_news/what-to-know-when-buying-a-new-car-at-the-end-of-the-financial-year/) - Long considered one of the best times to buy a new car, the end of the financial year really does have a lot of tailwinds in its favour to help motorists pick up a great deal. On the one hand, it is the cut-off for tax incentives – deductions – so there is no shortage
- [What are the Tax Benefits of Leasing a Car?](https://fincar.com.au/company_news/what-are-the-tax-benefits-of-leasing-a-car/) - Trying to decide between purchasing a new car, or instead leasing it, is not always a straightforward decision. After all, there are so many variables at play, influenced by one’s personal circumstances, that it can be quite the dilemma. Not to mention, each strategy has benefits and drawbacks. One of these benefits for novated leases
- [What Impacts my Borrowing Power?](https://fincar.com.au/company_news/what-impacts-my-borrowing-power/) - When you start to consider a loan for your next car, you’ll quickly realise that your borrowing power will dictate how much credit a financier is prepared to afford you. This may ultimately fall within your expectations, but it is best practice to gauge your position sooner rather than later. How should you do this?
- [Why do Loans for Second Hand Vehicles Have a Higher Interest Rate?](https://fincar.com.au/company_news/why-do-loans-for-second-hand-vehicles-have-a-higher-interest-rate/) - If you’ve been in the market searching for a vehicle, it is likely you will have considered both a new car as well as a second hand vehicle. While each option has its respective benefits, as well as drawbacks, one area of distinction begins to emerge once you seek out finance. It won’t take you
- [How the Instant Tax Write-Off Can Help You](https://fincar.com.au/company_news/how-the-instant-tax-write-off-can-help-you/) - Do you have a small to medium size business? Have you heard about the instant tax write-off? Well if you haven’t, you’re certainly missing a trick. The government has introduced this measure to enable SMEs access to claim an immediate tax deduction by writing off the entire value of an asset used for business purposes.
- [Can I Apply for a Car Loan Without a Driver's Licence?](https://fincar.com.au/company_news/can-i-apply-for-a-car-loan-without-a-drivers-licence/) - It’s not that unusual that you may like to apply for a car loan but don’t yet have your driver’s licence. Does it matter? Should it matter?
- [Can I Use the Equity in my Home to Buy a Car?](https://fincar.com.au/company_news/can-i-use-the-equity-in-my-home-to-buy-a-car/) - In the property market, it’s not all that uncommon to use the equity you build up from paying down your home loan to fund another property. In effect, the equity is used as an asset, which is then put up as collateral for the next asset in your sights. This strategy can be extended to
- [Does the Way I Drive Affect the Life of my Car?](https://fincar.com.au/company_news/does-the-way-i-drive-affect-the-life-of-my-car/) - One of the first things that you probably picked up while learning to drive was the importance of smooth driving. Not just for your own safety and wellbeing on the road, but to preserve the mechanical integrity of the vehicle. While some might dismiss this as an overreaction, bordering on unnecessary caution, the reality is
- [No Deposit Car Loans](https://fincar.com.au/company_news/no-deposit-car-loans/) - Scraping together the funds for a car deposit is no easy feat, what with all of life’s other expenses we need to take care of. Fortunately, many financiers these days are open to no deposit car loans, which is sure to make things a lot easier for those in a tight spot. So, before you
- [How do I Secure Finance for a Classic Car?](https://fincar.com.au/company_news/how-do-i-secure-finance-for-a-classic-car/) - Whether you are a motoring enthusiast, or a diehard revhead, classic cars hold a special place in the hearts of many Australians around the country. Given their status as a collectible, not to mention that they are an investment that appreciate in value as opposed to depreciate, it’s hardly surprising that classic cars are worth
- [What if a Loan Seems Too Good to be True?](https://fincar.com.au/company_news/what-if-a-loan-seems-too-good-to-be-true/) - In any industry where there is a wealth of competition, you can be certain that different players are going to operate within varying degrees when interpreting the law. What’s more, some might even choose to take advantage of loopholes or bypass requirements altogether. The finance industry is no different, no more evident than some of
- [How to Improve Your Fuel Economy](https://fincar.com.au/company_news/how-to-improve-your-fuel-economy/) - Owning a car comes with a variety of ongoing costs, few of which compare to the heights of fuel expenses. Sure, things like insurance and registration add up each year, as do routine maintenance plans and repairs, but filling up a full tank each week sure does add up quickly! If you’re already struggling to
- [What is the role of a Guarantor?](https://fincar.com.au/company_news/what-is-the-role-of-a-guarantor/) - It's an all too familiar proposition. You may have insufficient income, or perhaps no credit history, or in fact a bad credit rating. But how do you obtain finance for a loan? Well, fortunately, these conditions don't exclude you from seeking out finance. In today’s age, the emergence of car financing specialists dedicated to those
- [How do 0%, Interest Free Car Loans Work?](https://fincar.com.au/company_news/how-do-0-interest-free-car-loans-work/) - Say you've just spotted that new car you always wanted, however it's currently out of reach beyond your budget. In an effort to sweeten the deal, and get you across the line, the dealer offers an interest free loan. This must be your lucky day, right!? I mean, who wouldn’t want to save themselves thousands
- [What is a Short Term Car Loan?](https://fincar.com.au/company_news/what-is-a-short-term-car-loan/) - Although most borrowers opt for longer term car loans when taking out finance, short term car loans also have their place in the market. Generally speaking, a short term car loan provides a customer around three years to repay the debt. But you might be wondering – who would want to put themselves in a
- [Can I get a Car Loan if I hold a Temporary Skill Shortage Visa?](https://fincar.com.au/company_news/can-i-get-a-car-loan-if-i-hold-a-temporary-skill-shortage-visa/) - Obtaining finance when you’re in Australia temporarily can be a challenging prospect. Often, many of the major financiers will be reluctant to lend you money because of the associated risks that accompany a lack of credit history. For this reason, the banks will typically restrict their financing to those who are Australian citizens or permanent
- [Car Loans for Newlywed Couples](https://fincar.com.au/company_news/car-loans-for-newlywed-couples/) - Marriage marks the beginning of a new stage of life as a newlywed couple. With this, you will soon embark on a range of other major life decisions, some of which will concern finances. So then, when it comes to purchasing a new car, there is a lot for the two of you to agree
- [Dealing with Pushy Car Salespeople](https://fincar.com.au/company_news/dealing-with-pushy-car-salespeople/) - It’s one of the least enjoyable aspects of buying a motor vehicle. Whether you’re choosing between a new or used car, dealing with pushy salespeople can be an incredibly daunting and even frustrating experience. If you’ve ever done the rounds, going from dealer to dealer while looking for a vehicle, you’ve probably encountered a wide
- [Should Motorists be Concerned about Mortgage Brokers Diversifying into Asset Finance](https://fincar.com.au/company_news/should-motorists-be-concerned-about-mortgage-brokers-diversifying-into-asset-finance/) - One of the hot topics from this month has been around the prospect of mortgage brokers potentially diversifying their operations into asset finance, including car and equipment loans. With more and more home loan specialists opting to take up duties within another form of financing, do Aussie motorists have reason to be concerned about their
- [How Extensive Should the ACCC Make its Review of the New Car Industry](https://fincar.com.au/company_news/how-extensive-should-the-accc-make-its-review-of-the-new-car-industry/) - This time last month, the ACCC released a preliminary issues paper stemming from a review into the new car industry. The report contained no fewer than 55 separate issues, and was spurred by a heightening number of complaints lodged by consumers in a year where new car sales look set to post record numbers. Among
- [Are Borrowers Likely to be Affected by Legislative Changes to Parallel Import Vehicles?](https://fincar.com.au/company_news/are-borrowers-likely-to-be-affected-by-legislative-changes-to-parallel-import-vehicles/) - As the election campaign crawls along at a pace that only reminds us why we don’t hold elections more regularly, the topic of parallel import vehicles has reared its head again. First discussed earlier this year, the government decided to initiate plans to relax importation laws, which would see motorists able to import right-hand drive
- [More Articles 1...](https://fincar.com.au/company_news/more-articles-2/) - New General Manager Appointed Liberty on board! Welcome new consultant Big News Motor Bike Finance The Fincar team is here to help you with all your financing needs. Contact us today to help arrange your next car or equipment loan.
- [More Articles 2...](https://fincar.com.au/company_news/more-articles/) - Welcome to Zane Burnard Barbara Edwin and Watene Stanley New Rates for 2006! The Fincar team is here to help you with all your financing needs. Contact us today to help arrange your next car or equipment loan.
- [New Rates for 2006!](https://fincar.com.au/company_news/new-rates-for-2006/) - A record year in terms of finance written in 2005 has meant that FinCar can now access lower interest rates due to volume discounts being offered by the major lenders. This means that we can now offer lower rates than ever before on all types of loans, leases and other finance products. Contact us now
- [Rates Holding Steady](https://fincar.com.au/company_news/rates-holding-steady/) - Despite the recent increases in interest rates from the reserve bank, rates for all types of vehicle finance have, for the moment, remained fairly static. Banks were quick to pass the increases onto their home loan customers but for the moment, automotive & equipment finance appears to have been spared the full effect of the
- [Novated Lease Calculator Launched](https://fincar.com.au/company_news/novated-lease-calculator-launched/) - Please feel free to experiment with what tax savings could be achieved by using our Novated Car Lease Calculator below. Although the inputs and outputs have been simplified, the novated lease calculator is in fact a very powerful and complex tool to estimate potential tax savings when salary packaging (salary sacrifice) a new or used
- [Great Rates in Uncertain Times!](https://fincar.com.au/company_news/great-rates-in-uncertain-times/) - Even though the lending climate has changed recently, FinCar still have access to Tier 1 lending companies who can offer the very best rates. Our lending for cars, motorbikes & equipment is still as competitive as ever. Give us a call to see what we can do for you! The Fincar team is here to help you
- [2007 Targets Exceeded](https://fincar.com.au/company_news/2007-targets-exceeded/) - Our targets with lenders for 2007 were exceeded in all cases, putting us into a fantastic position to demand even stronger wholesale interest rates in 2008. Remember, there's no cost nor any obligation to have a chat with one of our finance consultants. If you are considering any type of car finance, just give us
- [Novated Leases for SMEs](https://fincar.com.au/company_news/novated-leases-for-smes/) - Many salary packaging companies will only look at administering novated leases for large companies or government departments. FinCar are happy to announce that due to a new relationship with a major lender, we can now provide a fully maintained salary packaging program for companies of all shapes and sizes. So, if you're an employer, looking
- [New General Manager Appointed](https://fincar.com.au/company_news/general/) - We are please to announce the appointment of Phillip Gruppelaar as the new General Manager of Fincar Pty Ltd. With extensive experience over 20 years in the finance industry, Phil is available to respond to any vehicle finance enquiries with utmost competence. Feel free to email phillipg@fincar.com.au The Fincar team is here to help you with all
- [Welcome to Zane Burnard](https://fincar.com.au/company_news/welcome-to-zane-burnard/) - We are delighted to announce the appointment of Zane, our new business development manager. With many years in the field of vehicle finance (notably with novated leasing), Zane is a valuable asset to the company and is well equipped to fulfil the high service obligations that clients of Fincar have come to expect. Please feel
- [Liberty on board!](https://fincar.com.au/company_news/liberty-on-board-2/) - We are please to announce the appointment of Phillip Gruppelaar as the new General Manager of Fincar Pty Ltd. With extensive experience over 20 years in the finance industry, Phil is available to respond to any vehicle finance enquiries with utmost competence. Feel free to email phillipg@fincar.com.au The Fincar team is here to help you with all
- [Motor Bike Finance](https://fincar.com.au/company_news/motor-bike-finance/) - Fincar is excited to announce we have negotiated with one of our lenders so we can now offer secured New Motor Bike loans at new car loan rates!!! Your New Bike finance is now as simple as picking up the phone and making an application, call us today toll free 1300 731 665. The Fincar team is
- [Big News](https://fincar.com.au/company_news/big-news/) - Fincar are please to announce after long negotiations we have secured Macquarie Leasing as one of our primary lenders. This has enabled us to be able to provide equipment leasing and heavy vehicle finance. With these extra avenues there is virtually nothing we cannot obtain finance for. The Fincar team is here to help you with all
- [Welcome new consultant](https://fincar.com.au/company_news/welcome-new-consultant/) - We are please to announce the appointment of Rob Cornish as a new senior lending consultant of Fincar Pty Ltd. With extensive experience over 20 years in the finance industry, Rob is available to respond to any vehicle finance enquiries with utmost competence. Feel free to email rcornish@fincar.com.au The Fincar team is here to help you with
- [Barbara Edwin and Watene Stanley](https://fincar.com.au/company_news/barbara-edwin-and-watene-stanley/) - Big welcome to our two latest recruits! Watene will use his customer service and sales skills to organise new loans, leases and other forms of finance for prospective clients. He can be contacted at any time on wstanley@fincar.com.au Barbs takes the reins of office manager, ensuring all the 'back end' runs as smoothly as possible

## Categories

- [Uncategorized](https://fincar.com.au/category/uncategorized/)
- [Interest Rates](https://fincar.com.au/category/interest-rates/)
- [Personal Finance](https://fincar.com.au/category/personal-finance/)
- [Business Finance](https://fincar.com.au/category/business-finance/)
- [Salary Packaging](https://fincar.com.au/category/salary-packaging/)