Basics of Novated Leases

Novated Lease Basics Explained

In terms of what the average Australian household makes in a year’s time, Australia’s inhabitants are far more indebted to lenders than residents in any other country on planet Earth.

As such, most Australians can’t reasonably afford to purchase vehicles in cash, or even finance them. Rather, the most economic alternative is leasing such vehicles. Without leases, Australians would be in more debt than they already are.

What Is A Novated Lease?

Leasing a vehicle is a way of securing a vehicle for personal use. In order to lease, individuals typically must have positive financial histories, which proves difficult for some Australians.

Employers almost always provide benefit packages to their employees as a form of compensation. One of these benefits is a novated lease.

Using businesses’ own positive financial situations, they’re able to secure vehicles for their employees. Workers pay for their new or used cars’ novated lease from their pre-tax salaries.

By trusting an employer to provide a novated lease, everything from fuel to maintenance and back to roadside assistance is loads cheaper than if individuals attempted to find such deals without help from their employers.

Why Do Employers Offer The Benefit Of A Novated Lease?

Not everyone – in fact, few people – are in good enough financial positions to purchase, finance, or lease vehicles on their own. When employers offer the benefit of a novated lease, employees typically feel closer to their employers, which results in longer tenures and lowered costs of hiring new employees.

Businesses often have far more money than the average Australian. As such, they can easily afford securing vehicles for their employees – the vast majority of Australians don’t have this kind of money, and act loyal to their employers in return for a novated lease.

What Happens If Employees Take Up New Jobs?

The only thing employees have to do when they switch places of work is fill out another Novated Lease at Stratton Finance agreement with their new employers and their financiers – that’s it!

People interested in a novated lease should keep in mind that not all employed offer it as a benefit, though most competitive places of work do, in fact, offer servicing of their novated lease plans.

Are There Any Benefits Of A Novated Lease Not Covered Yet?

The central benefit of a novated lease is related to filing taxes at the end of the fiscal year.

All payments made towards cars secured by a novated lease are deducted from employees’ salaries, making the total amount of income taxes are due on significantly less than if employees found such leases outside of the umbrella their employers offer.

How Long Does A Novated Lease Last?

Most employers offer novated leases anywhere between one and five years in length. Employees are able to pick how long they wish to lease for, and can even pick new cars, as long as they’re pre-approved by their employers, once their existing leases reach the end of their term agreements.

Car Loans

Car Loans

In simple language we can define car loan as financial product where the lender provides private individual with necessary funds to help them purchase a car. The lenders could be the bank, car ,yard among others.Buying a new car is expensive as compared to buying a used one. But buying a used car might only drive you so far until you need repair parts. So it’s good that you go for a new car as it will help you budget for your family properly and it will suit you for about five to ten years, the used one may have a short life span.
The most secured car loans is that which ties the amount of the loan to the amount of car purchased. With this you will realize that the interest will be lower. While looking for the interest rates, the interest will show you the interest that you need to pay on the principal. You need to compare the similar loans using the comparison rate table.

In most cases, the average car loans are about five years. Some loans may last for a year while others could go up to seven years. Some people prefer to go for shorter terms, while others prefer the longer terms. But all these depend on the situations and circumstances that the individual could be in. The application is free and could be done online at your comfort the company will contact you and give you some guidance. Most of the companies will allow you to borrow 100% of the car’s purchase and includes extended warranties and insurance.
Car Loans at Stratton Finance guarantees you instant conditional approval; all you need to do is to fill in the document on the right and then your application will automatically be approved online. The interest rates are very cheap as compared to that of banks. No deposit is required as long as your finance available is approved. There are no tricks, every dollar that you are charged will be disclosed to you at the time of filing the document.
Credited with the most reputable lenders and insurers in Australia are providing you with a fair choice for comparison. If you need instant approval, then you can go to companies like Savvy that approve loans within 24 hours. Savvy helps their clients to get a car loan while on 457 visas for the new arrivals and also the temporary residence. You are also allowed to make payments even before the termination of your term.
There are various companies that offer car loans, but with different terms and interest rates. It is therefore advisable that before you go for a car loan check out for the available car loans and do some comparisons to get the best out of the many that will suit you. Please leave your comment bellow. Thank you.

4 Ways Sources of Car Loan

Top 4 Ways Sources of Car Loan

Most people cannot buy a new or used car today without taking a loan. They then have to spend many years repaying the car loan since the loans are often quite costly. To avoid this, it’s prudent to consider different potential sources before applying for any particular type of loan. Read on for four different sources of car loan for you to look at.

Banks

Banks are the most popular source of a Car Loan by Stratton Finance. Currently, approximately 40 percent of car buyers turn to their banks for financing. However, before you take a car loan from any bank, compare interest rates of different banks. Interest rates vary considerably from one bank to another.

Banks also offer personal services and have no sales pitch for add-ons. They also have a lot of experience in the car financing field and can tell you when you are paying too much for the car. Additionally, their loans usually spread evenly throughout the loans’ terms.

Stratton Finance

Credit Union

For people who are members of credit unions, this is one of the best places they can start shopping for a car loan. These institutions are often owned by members. So members have a greater opportunity to get cheaper car loans. If you choose this path, you can be sure to pay your loans within shorter periods, which means the overall cost of your loan will be reduced significantly. It can also be possible to receive the money within a significantly short period since credit unions are localized institutions.

Online Lenders

With the emergence of modern technology, you are able to take a car loan online. This option comes with the ability to search many lenders and compare their rates at the comfort of your house or office. They also don’t demand a lot of documentation. So your chance of getting a loan with them is high. And since they don’t incur a lot of operational expenses, their interest rates are competitive. You, however, need to watch out for some scams as you are dealing with people you may not have met.

Car Dealerships

Dealerships are in the business of offering financial services to help sell more cars. Most of them have built strong business relationships with lenders. If you use their services, you are sure to get a car loan quickly and without having to put a lot of effort. However, remember they usually make a lot of money on loans. You can be safer if you understand the interest rate and other terms and conditions before making the next step. If you have an alternative source of a car loan, consider their service first.

Whether you choose a bank, credit union, online lenders, car dealerships, or any other source of a car loan, remember the interest rate you get when financing a car often vary slightly from the advertised rates. Your credit rating is likely the biggest influence on your interest rate. Also, consider taking short-term loans.

Welcome to Salvage Bazaar

Salvage Bazaar provides the general public, builders, tradies, architects, designers and material suppliers a forum to buy and sell recycled building materials such as: recycled timber and decking, second hand bricks, scrap steel, timber flooring, second hand doors, second hand windows, second hand kitchens and more.
In the past looking for recycled building materials has been more akin to a scavenger hunt; a difficult and time consuming process. Materials are available from a wide variety of sources and tend to be geographically dispersed.
Salvage Bazaar makes it simpler. We aggregate salvaged, scrap, surplus and recycled building materials from people across the country into a one-stop shop. In doing so, we facilitate easy access for all to these unique, beautiful and environmentally friendly building materials for cost effective construction solutions.
Salvage Bazaar helps you:
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 What-ever your building project, this site is for you.  If you need it, we have it.  If you don’t want it, we connect you with someone who does.
It’s that simple.
How It Works

Salvage Bazaar is a specialized online classifieds designed specifically for use by those trading recycled building materials such as: recycled timber and decking, second hand bricks, scrap steel, timber flooring, second hand doors, second hand windows, second hand kitchens and more.
The benefits of Salvage Bazaar over other generic sales portals are:
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How Much Does it Cost?

Salvage Bazaar offers two advertising solutions to allow you ultimate flexibility in how you use the site. Our payment options are simple and hassle-free; you can choose to Pay-As-You-Go or Subscribe:
Pay-As-You-Go
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