Should you pay cash or finance a new car?
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
When you start the search for a new or second-hand car, the first thing you need to think about is how much you’re going to spend. For the
most part, the decision will come down to how much of your own money you’re prepared to spend and how much you’re going to borrow from a
lender.
When determining whether you should pay all cash or look to finance the car is always going to be based on your personal
situation and there are positives and negatives to both approaches.
The biggest advantage of only paying cash is that you will own the car outright. The other benefit is that you won’t have to pay interest and that could save you a substantial amount of money over the lifetime of the loan.
When you finance a car, the best part is you can start making the most of it from day one. There are different types of finance options for cars and some might even be available without putting any money down – assuming you meet certain criteria and have a stable source of income.
We'll help you manage your lending commitments. The team at Smart Mortgage and Lending
are here to drop your stress and make financing easy.
WEBINAR 11 SEPT // 12PM
The final session focuses on the changing legal environment, highlighting recent amendments to the Fair Work Act, capturing independent
contractors under workers' compensation schemes, payroll tax considerations, superannuation compliance, and practical steps to mitigate
risks.
WEBINAR 4 SEPT // 12PM
In the third session, we'll delve into superannuation guarantee changes, including proposed changes to payday superannuation, new rates and
bases, and the impact on SG liability. Gain insights into employer deductions, termination of employment considerations and more.
WEBINAR 28 AUG // 12PM
Master allowances and reimbursements, understand their PAYG and super guarantee implications, and learn to navigate travel vs.
living-away-from-home allowances. Gain insights into FBT considerations, new ATO record-keeping requirements, and effective salary packaging
arrangements.