Car Examer
NOVEMBER 2, 2024
With PCP, you pay lower monthly payments because a large portion of the car’s cost is deferred until the end of the agreement. At the end, you can choose to make a final payment (called a “balloon payment”) to buy the car, trade it in, or return it. It’s often called the balloon payment.
CarExpert
JUNE 18, 2024
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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CarExpert
SEPTEMBER 27, 2024
Not only that, but novated lease payments include running costs such as insurance, servicing, fuelling or charging, tyres, and registration. Weekly payment (incl. Lease payments are bundled with running costs such as insurance, servicing, fuelling or charging, tyres, and registration.
Drive.com
SEPTEMBER 8, 2024
Between fuel, registration, insurance, servicing, tyres and other bills, keeping your car on the road can be a lot to manage separately. A novated lease makes life easier by bundling the car payment itself with all these expenses into one automatic payment taken directly from your pay.
CarExpert
JANUARY 19, 2024
This means payments are bundled with running costs such as insurance, servicing, fuelling or charging, tyres, and registration. It also means the costs are part of your salary sacrificed payments, boosting the tax benefit. A single payment at predictable intervals, with no surprise rego or insurance bills. .
Car Examer
OCTOBER 19, 2024
Personal Contract Purchase (PCP) PCP is a popular financing option because it often comes with lower monthly payments. You pay a deposit, followed by smaller monthly payments, and at the end of the contract, you have three options: pay a final balloon payment to keep the car, return it, or trade it in for another.
Drive.com
FEBRUARY 14, 2024
This includes everything, such as petrol or recharging, registration, insurance, tyres and servicing. All these various costs are rolled into a single regular payment that is deducted from your payslip. Alternatively, a ‘non-maintained’ novated lease only covers the purchase price and leaves you to cover the running costs.
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