To lease or to buy?

Cindy Anthony - Marketing Assistant | 15/10/2017 8:50:21 AM

A successful company who depends on the efficient running of their fleet requires vehicles which are reliable and safe – that some older models do not demonstrate. But before you go in search of your perfect new addition, you need to think about how you are going to finance it. This raises that age old chestnut; is it better to buy or to lease? Buying When you buy you pay for the entire cost of a vehicle and acquire full ownership. Pros One day you will be free of ca...

Novated Leases: Busting the Myths

Mark Schneider | 21/07/2017 1:39:13 PM

Novated leasing is becoming an increasingly popular way for employers to reward employees with tax benefits and savings when buying a new car. But there are still a large number of misconceptions around novated leasing. We recently asked our sales team for the six top novated misconceptions that they hear on a regular basis. And then, like true myth-busters – we cracked ‘em wide open. Novated Myth #1 Myth: Novated leases are only for upper management on high salaries. Bu...

Budget bonus for first homebuyers

Mark Schneider | 23/06/2017 1:06:52 PM

This year's federal budget contained some good news for hard-pressed people saving up to buy their first home. First homebuyers will welcome the fact that they can now put part of their pre-tax income into their superannuation fund where it can go towards a deposit for a home. From July 1 2017 individuals can put a total of $30,000 into their super fund, or up to $15,000 per year. Couples can put up to $60,000 into super. From there they get the benefits of growing that ...

Novated Leases and beating tax bracket creep

Mark Schneider | 26/02/2016 8:00:00 AM

If you’ve been working in the same job for quite some time and a promotion or pay rise is just around the corner, then you’re probably looking forward to some extra money in your pocket, right? Find out more Find out more But that sweet little pay rise might turn a little bitter if it pushes you into the next tax bracket, increasing the government’s tax take and leaving your pay packet a little thinner than you had expected. S...

Top tips to spot a bad novated lease provider

Mark Schneider | 23/11/2015 3:45:41 PM

Novated leases are the perfect way to get your hands on the vehicle you’ve always wanted, offering great savings and carefree motoring while your novated lease provider takes care of all those boring details for you. But not all novated leases are created equal, and while the right one will have you heading smoothly down the right road in the years to come, the wrong choice could see you heading down a long, winding, bumpy road pitted with unexpected potholes. 1. Pushy sales peo...

Fully Maintained Novated Lease vs. Non Maintained Novated Lease: What’s the Difference?

Jamie Press | 7/08/2015 8:55:00 AM

Novated leasing provides a great opportunity to take off the financial pressure when buying a vehicle, without the hidden costs and huge amounts of interest. By offering you the ability to lease a motor vehicle on behalf of your employee, staff can use pre-tax dollars to make payments and budget stress is significantly reduced. This salary packaging option has become very popular throughout Australia because it provides significant GST savings and income tax. It also allows the employee to ef...

Novated Leasing vs. Other Buying Options

Jayde Ferguson | 30/07/2015 2:33:18 PM

Buying a car is rarely an easy process. Most people can’t afford to buy a brand new car outright in their lifetime, so you look for other options that can take the financial pressure off – like financing or a second hand vehicle purchase. But how do you know which option is right for you? With the interest and hidden costs of many finance solutions, or buying a second hand car that may not be reliable, it can definitely be a time consuming and frustrating journey for many. Nov...

How to pick a great used car

Mark Schneider | 24/07/2015 8:34:14 AM

If you’re thinking of buying a car then one of the first questions that comes to mind is whether to buy it new or used. While that shiny new car offers the security of mechanical soundness and the very latest features you may be tempted by the cheaper price of a used car and the promise of saving money. A quality used car can be a very good choice and there are thousands of well-serviced, well-maintained vehicles to choose from, but how do you ensure the car of your dreams doesn&rsq...

Novated Lease Residual Value Explained

Jayde Ferguson | 23/04/2015 12:49:04 PM

For employees and drivers that are in need of a new car, Novated leasing has offered a practical solution. Almost everyone can relate to the struggles of forking out money for a big purchase. A Novated lease makes for an easy financial solution. When an employer provides salary packaging on a car, it allows the employee to lease the vehicle on behalf of the company, thus leaving the employer responsible for the lease. Combined with the Fringe Benefits Tax (FBT) from the Australian Taxati...

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Save now with a Novated Lease

Jess Wallace | 28/07/2014 3:58:24 PM

When you take out a Fleetcare novated lease you don’t just get a great deal on any new or used vehicle; you get discounts on fuel, maintenance and repairs – plus free roadside assistance. And because everything is taken care of in one regular payment from your pre-tax salary, you have no out-of-pocket expenses and pay less tax. At Fleetcare we take care of the price negotiations on your behalf, so you don’t have to worry about pushy salesmen or out-of-pocket expenses. Wi...

6 Reasons to offer Novated Leasing to employees

Kirsten Brent | 13/09/2013 1:41:19 PM

Attracting, rewarding and retaining quality staff can be an ongoing challenge for many organisations – how can you offer your existing employees added benefits to encourage them to stay, and entice superstar new recruits to your business? One way to obtain and keep your staff is by setting up a Novated Lease program and offering salary packaged vehicles to employees. There are many benefits for both employees and employers, so we decided to outline a few of the key reasons to set up...

A note on the calculators involved in a novated lease

Rory Deegan - Online Marketing Executive | 12/10/2012 3:12:01 PM

Making a big purchase decision is both a time consuming and resource consuming activity. When it comes to the tools you use to prepare for the purchase analysis it’s important you know what can offer an insight and what cannot. It’s equally important to understand specifically what each tool will tell you and whether or not the results will bring you usable information. With all this in mind we thought we would write up a quick note on the use of both a novated lease calculator an...

Accident repairs and insurance - A helpful guide

Lauren Heerey and the Fleetcare Accident Management Department | 27/07/2012 9:11:15 AM

Repair and insurance It’s the guide nobody wants to see. Along with our guide on write offs this one on how to bring your car back to full health is one you don’t want to end up using.  Be that as it may, guides are a massive help should the unfortunate event come to pass. Having a guide can act as a stabilising force at a very unnerving time.   The timeline While the timeline may change depending on the circumstances, it is important to be aware of a rough tim...

The Big Ute Review - Mazda BT-50 4x4 Dual Cab XTR auto

Rory Deegan - Online Marketing Coordinator | 23/02/2012 11:57:32 AM

Very tall. Very, very tall. That’s the first thing that struck me about the new Mazda BT-50. The second generation BT-50 is Mazda’s latest attempt to capture their own section of the utility market. With very serious existing competition from the Toyota Hilux, Nissan Navara and others, it’s very unlikely that Mazda’s new offering will turn the market upside down. The real question here is whether this new model is capable of turning heads and convincing the punters tha...

Buying second hand cars for Novated Leases

Fleetcare Novated Lease Team and Rory Deegan | 18/01/2012 12:55:41 PM

Did you know that it is possible to salary sacrifice a second hand car with novated leasing? However, as with any new car or outright second hand purchase, it is important to do your research before salary packaging any vehicle. We have put together a second hand vehicle buying checklist along with a few other tips so you have peace of mind when leasing a second hand vehicle. The second hand checklist Do your research – Knowing what to expect from a vehicle i...

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