Would You Take the Cash or Drive the Car?

A car these days is no longer a luxury… it’s an absolute necessity. It’s nothing new for businesses to offer employees cars as part of their compensation and benefits package. So if an employer offered you either a car allowance or car leasing in Melbourne, which one would be best for your needs?  Here’s a little insight on the pros and cons of both to help you decide.

Anticipated Issues with Buying New Cars Online

Those who want a more convenient and safe travel to their school or workplace should consider buying their own car. It has to be anticipated, though, that since car purchase involves a great deal of money, the process can be a bit daunting. This process is about to become more difficult for both buyers and sellers, and the prices can go higher should the Federal Government’s proposal to permit new cars to be ordered online be passed.

Life After Lease: What to Do After a Car Lease

Like all financial arrangements, car leases eventually expire, usually after a span of four years (the most common car lease term duration). Once the lease ends, buyers have a number of options available to them: they can either choose to return their vehicles to their lenders, extend their leases for a few months more, or opt to purchase the vehicle from the owner. Learning when to choose one or the other is important in order to get the most out of a vehicle lease.

Rides for Work: Financing a Business Vehicle

Transportation is an invaluable asset to anyone who needs to get to his workplace on time. It becomes even more important to those whose businesses require the movement of goods from one point to another. Businesses and companies will certainly need transportation of their own, for as long as the automobiles are used for official purposes. However, it can be costly to maintain a fleet of vehicles for business use without some form of financial arrangement in place.

Fortunately for businesses, they can secure business car loans to purchase vehicles of their own. Many lenders offer special car loans marketed exclusively for business clients, which makes it easier for companies to find a loan flexible enough for their funds. Business car loans differ from regular car loans in that the vehicles purchased through the former are considered business expenses, and will be taxed to the company who owns it, while vehicles acquired through the latter are considered private property and thus taxed normally.

To take out a business car loan, a company first needs to check its credit report to ensure a smooth loan approval. Next, the company needs to shop for the best possible quote among lenders; if a good deal is possible, it should not be missed. Finally, the company should decide between a fixed and an adjustable rate loan. The first is suitable for when current interest rates are low, while the second is better for higher rates.