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CULA Grows by Double Digits in 2024, Saves Credit Union Members ~$63M Annually with Vehicle Leases

Dealer World

CULA partner credit union members saved a total of more than $63 million on lease payments in 2024, and an average of $159[1] per month versus traditional auto loan payments. Founded in 1988, CULA provides best-in-class program assistance, analytics reporting, compliance support, dealer management tools and member services.

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Highnote, Fasten Rewards Launch Consumer Credit Card Rewards Program

AutoSuccessOnline

Leveraging Highnote’s customizable platform, Fasten aims to strengthen the relationship between drivers and dealerships by providing access to an innovative credit card which rewards consumers for auto loan or lease payments while increasing dealership loyalty, engagement and sales velocity. trillion in auto loan debt.

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What is novated leasing, and how does it work?

CarExpert

Making lease payments before tax is deducted reduces your obligations by $3300 per annum or $16,500 over a five-year lease period. While five years is the period chosen in this example, generally novated lease providers let you opt for periods between one and five years. . So, should you consider a novated lease?

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2022 BMW X3: Finance or lease?

Shawn Ryder

Advantages of Leasing a BMW X3 Lower Monthly Payments : Generally, lease payments are lower than finance payments for the same vehicle, allowing you to budget more easily. Warranty Coverage : Most leases run for the term of the manufacturers warranty, meaning fewer out-of-pocket costs for repairs and servicing.

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How a novated lease could put cash back into your pocket

Drive.com

There are currently around 350,000 novated leases in Australia^. Between fuel, registration, insurance, servicing, tyres and other bills, keeping your car on the road can be a lot to manage separately. Plus, your regular lease payment covers not only your car but all your driving expenses too – like rego, insurance, servicing, tyres.

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Bad time to extend car lease?

Shawn Ryder

The depreciation of your current leased car should be considered, as it could affect future lease payments. Extending your lease may provide a practical solution until the inventory stabilizes and consumers can select their desired model without delays.

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Benefits of an electric vehicle and the EV Discount

Drive.com

And avoid paying GST on car-related expenses by bundling running costs including charging, insurance, rego and servicing into your one regular lease payment. Plus, you can manage everything on the go using Oly’s handy app. How can Oly help me score an EV? From sourcing the car, and arranging finance to sorting your insurance.