Author: Alpha390 Finance

How motorhome finance works in Australia: structures, deposits, balloon payments, what lenders check, and how a motorhome differs from a campervan or camper trailer.

Yes — you can put a used car on a novated lease in Australia. It is more common than most people expect, and for a well-chosen three-to-five-year-old car it can work out better than novating something new. What changes is not the tax treatment but the eligibility: financiers care about how old the car will...

Quick answer. The residual value is the amount still owing on your novated lease when the term ends. It isn’t picked at random: the ATO publishes a table of minimum residual values in Taxation Determination TD 93/142, and for a car — assessed on an eight-year effective life — a three-year lease sits at 46.88%...

Short answer These two are often compared, but they are really answers to different questions. A chattel mortgage is a business purchase. Your business buys the vehicle, owns it from day one, and borrows against it. A novated lease is an employment arrangement. You, your employer and a lease provider enter a three-way agreement, and...

Being on a pension does not automatically rule you out of car finance, and it does not automatically qualify you either. What lenders are assessing is the same thing they assess for everyone: whether the income is stable, whether it is verifiable, and whether the repayments are genuinely affordable alongside your living costs. The difference...

A green car loan finances a lower-emission vehicle — a hybrid, plug-in hybrid, mild-hybrid or other fuel-efficient car — often with the same competitive rates and terms as a standard car loan, and sometimes a small discount from lenders that reward greener vehicles. If you are weighing a Toyota, a plug-in hybrid or a fully...

Fringe Benefits Tax (FBT) is the piece of a novated lease that confuses most people — but the mechanics are straightforward once you see them. Because your employer provides the car as part of your salary package, the ATO treats it as a fringe benefit, and FBT is the tax that applies to that benefit....

A horse float is a big-ticket purchase — and financing one works much like financing a caravan or trailer, with a loan secured against the float itself. Whether you’re buying a straight-load two-horse float or a large gooseneck angle-load, horse float finance spreads the cost over a manageable term so you keep cash free for...

Quick answer: A novated lease is a three-way agreement between you, your employer and a lease/finance provider. Your employer pays the car’s lease and running costs out of your salary — part from your pre-tax pay — which can reduce your taxable income. You get the use of the car; the provider owns/finances it; your...