We are looking at the Hyundai Santa Fe II, but before we purchase, I was wondering if you could help us out with a question regarding finance.
I own a contract harvest header business and at times, I'm running around picking up parts for the header. Would we be better off buying a car through the business? is there any incentives?
I'm not a financial adviser but if you buy through your business using the finance instrument called a chattel mortgage, you are generally allowed to claim the GST on the purchase in the first BAS after the purchase. That’s about $5k right there. Obviously, there is the ability to claim the depreciation on the asset as well, if you own it through the business. (Before purchase, you should confirm the best way to go here with your accountant - everyone’s situation is different, and the rules change all the time.)
As with all these things, business type incentives are only part of the picture – it’s still vitally important to get the car as cheaply as possible and also not to get ripped off on the finance. Contact me here >> for assistance with that. You also need to make sure the car is completely right for you.
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I took a loan offered from dealer, but they kept pushing me towards the taking gap shortfall insurance. I did not take it. My thoughts were that I did not want to spend another $800 on top of the loan (plus interest on it for five years) just to make sure that if my car gets written off, the shortfall is paid to the lender. I believe that if I get a comprehensive insurance policy then that should cover it off in the event my car is written off?
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I have just suffered the indignity of a low trade-in figure. That got me thinking, how many years after purchase is the best time trade-in a car? I understand depreciation, but is there a magic period of the least sacrifice?
I'm considering buying a Toyota FJ Cruiser and would appreciate your thoughts on this vehicle.
I now travel from Brisbane to Gold Coast for work and the second car is getting tired. I am wanting to replace with a comfortable highway cruiser but would also love some sporting performance for a bit of fun. I have looked at everything from older, big, luxury German cars to new hot hatches and plenty in between but am confusing myself such that I can't decide.
If Luxury Car Tax hit only the richest one per cent, we’d all be okay with that. But it doesn’t. Plenty of ordinary car buyers find themselves kicking the Luxury Car Tax tin. You could easily pay it, next time around. Cars are the only consumer item in Australia, with a levy imposed on their alleged luxury. Luxury Car Tax is out of step, and extortionate. This is what happens when too much fluoride leaches into the water in Parliament House...
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