Financial Advisor

Most people cannot imagine living without the freedom and convenience that ownership of a vehicle provides. But owning a car is not free from hassles. You either need to take a loan or make a sizeable payment upfront. Is there an alternative? Yes, you can own a car of your choice with novated lease.

Novated lease is a method of salary packaging a car. Under this system the employee leases the car and the company owner takes on the employee’s obligation of paying the monthly lease rental from the employee’s pre-tax salary. In short, a novated lease is a three-way agreement between the employer, employee, and the lease company.

Australian businesses offer employees novated lease as part of a financial package agreement. This type of alternative salary-sacrifice arrangement has become very popular with the employees. Continue reading ‘Enjoy Car Ownership With Novated Lease Agreement’ »

If you’re planning to buy a new car, you might want to consider leasing instead of taking out a car loan. Although a loan means you’ll eventually own your car, after four or five years of making payments you’ll have to pay hundreds perhaps thousands of dollars in maintenance and repair costs including buying new tires, having your vehicle tuned up and replacing other parts that have worn out.

There are a number of good reasons why you should lease instead of buying. We feature five of those reasons here. Continue reading ‘5 Reasons to Lease Your Next Car’ »

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If one was the average independent in 1971, you saw a few large lessors who were not your competition, but were evolving in the market place. Some auto dealers were thinking about being in the business, but generally, never mustard up the guts. In short, independents were doing small fleets, consumer leases, with and without maintenance, and pickup and delivery for service for your best customers. One could have a thousand (10000) units out, with a combo of closed and open end leases, and make a good living. Maybe, you even had insurance in the package. This kept up for a number of years feeding off the investment tax credit. For those too young to remember, it was a 10% tax credit right off the top and you never had to give it back. That tax credit migrated to a 6% credit with IRS rules about guarantees rules, and recapture terminology. Continue reading ‘Vehicle Leasing: How Did We Get Here?’ »

If you live in a flat, then it is likely that you will be living there on a lease. When you moved in, you should have been made aware of how long the lease had left to run as well as given information as to who owns the freehold of your building. If you are a leaseholder, then you are able to extend your lease by up to ninety years.

Lease extension is a provision laid down by the 1993 Leasehold Reform Act (as amended). It allows tenants to apply for a leasehold extension that is charged at a peppercorn rent – which essentially means that you will get the extended lease rent free. The original term of your lease will be added to the extended version. Continue reading ‘The Basics of Lease Extension’ »

When starting a man and van hire business, options arise on the acquisition mode of the van for transport. You can rent, buy or lease the van. Taking into consideration that you are just starting out and saving money is vital to your business start up success, leasing seems to be the best option. It has many advantages over purchasing the vans.

One of the advantages of leasing is that considering you are venturing into new grounds with unknown level of success and risk at first, leasing does not require a big initial outlay or exorbitant deposit on the vehicle. The initial payment is mostly only around 3 to 4 times the monthly installments, thus freeing up your cash for other vital expenses like advertisement. Continue reading ‘Advantages of Leasing a Van When Starting a Man and Van Business’ »

Equipment leasing is a well tuned financing alternative. Outlined below are a few pros and cons it has.

An important drawback of equipment leasing is there will be expenditures for the equipment for the duration of your agreement; you do not become the owner of the asset. With equipment leasing you need to make payments monthly for the ability to use it nonetheless you do not have ownership. This can turn into be a plus depending on the sort of equipment you have acquired

Leasing equipment is normally more costly than buying it. This can be a substantial issue but only at times you do not need financing in order to acquire it. When you are leasing equipment for three years which costs $5000 to buy and you make monthly payments for $40, you will have a cost of $7200 in total after the 3 years. Continue reading ‘Equipment Leasing For Your Business’ »

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People are often very misguided about leasing equipment against cash purchasing, and the benefits you gain from doing it – in the vending world, it is very rare for a company to actually purchase outright any equipment for a number of reasons. If you are thinking of buying a vending machine for use in your offices, think carefully about your options first.

WHAT IS LEASING?
The basic concept of an equipment lease is pretty simple – A lease is a tri-party (meaning an agreement between you, me and the leasing company) legally-binding agreement and facilitates the ability to acquire high-cost equipment when you need it, not when it can be afforded. In essence, the leasing company actually purchases from a supplier, for example myself, and in return for regular payments to cover the cost of the machine, grants exclusive right of use for it over an agreed period (1,2,3,4,5 etc years) to the hirer, providing use without ownership (and that brings a whole WORLD of benefits attached to it). Just remember very clearly, a lease agreement is not a Hire Purchase agreement – Title of Ownership of the equipment never passes to the hirer. Continue reading ‘Seven Reasons Why Leasing Is Better Than Owning’ »

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