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Guide to the Common Dealership Terms When Buying A Car

Car Examer

APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage. Deposit Contribution A deposit contribution is essentially a discount offered by the dealership or manufacturer when you finance through their specific program.

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Why Tesla sales have tanked and why the price will keep dropping

CarExpert

At the end of your lease period, you have the option of paying a balloon payment on the vehicle (that is the cost of the vehicle depreciated in alignment with the government schedule), refinancing the vehicle to continue paying a monthly rate or, in some circumstances, just handing the car back. And in some cases that works.

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Guide How to Finance a Used Car

Car Examer

Here’s a step-by-step guide to help you understand your options how to finance a used car and get the car you want without the stress. Buying a used car is a smart way to get on the road without spending a fortune, but how do you go about financing it? Personal Loan A personal loan is a simple and direct way to finance a used car.

Finance 59
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How you can save by getting an EV on a novated lease

CarExpert

Put simply, it’s a three-way agreement between you, your employer, and a finance or leasing company that could reduce your tax obligations. It’s a form of salary sacrificing, with your vehicle payments deducted from your pay before taxes are deducted. Weekly payment (incl. Get the experts on your side and score a great deal.

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What is novated leasing, and how does it work?

CarExpert

A novated lease is a three-way agreement between you, your employer, and a finance or leasing company that can significantly reduce your tax obligations. It’s a form of salary sacrificing, whereby your new (or used) vehicle payments are deducted from your pay before the tax office takes its cut.

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Is buying an electric car on a novated lease worth it?

Drive.com

Novated leasing involves ‘salary sacrificing’, where your employer takes the payments out of your pay packet and sends them to the finance company that arranges the lease. This includes everything, such as petrol or recharging, registration, insurance, tyres and servicing. How does novated leasing work? Car loan 8.5%

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How a novated lease could put cash back into your pocket

Drive.com

Imagine financing a new car that bundles all your driving expenses whilst having the opportunity to save on tax. Instead, you can use salary sacrificing to make payments with your pre-tax salary. Between fuel, registration, insurance, servicing, tyres and other bills, keeping your car on the road can be a lot to manage separately.