Most experts are predicting that the best case scenario will be mid 2022, and the worst case will be early 2023. But really, it depends on for how long there’s a component shortage, and then a little while longer after that while we wait for car manufacturers to finish building new cars with said components.
COVID-19 required the world to use social distancing methods to stop the spread of the virus. This then forced many car factories around the world to shut for a period, meaning there were barely any new cars being produced for a long time. Since then, the waiting time on new vehicles has increased tenfold, turning people to the used car market.
To the fingo family We’ve managed to prove for a second year in a row that we really can achieve anything if we give it our all. 2021 came with compounded challenges from the year before in the form of ever-repeating lockdowns, as well as new ones that came as a surprise – such … Continued
Novated leases are an awesome way to get a new vehicle. There’s a ton of perks to novated leases, including tax deductible income, saving on vehicle running and maintenance costs and no deposits or up-front costs.
Novated leases and Taxbreak are two things that Fingo specialise in. They help you choose the best option for you, and get you the best car for the best deal. Whether you’re buying, selling, trading or leasing a car, the experts at Fingo can help you out massively.
The balloon payment is the amount of money that you owe after your novated lease or car loan has ended. It’s calculated as a percentage of the finance amount required to purchase the car.
Testing driving a new vehicle, when done correctly, is a lot of fun. You’re experiencing a completely new car that could possibly be yours, if you fancy it enough. There’s a bit of an art to test driving a car, especially if it’s a used one.
Fuel cards are important tools that are used by the vast majority of businesses with registered vehicles. They can save businesses a ton of cash, make admin processes quicker and more effective and they can also reduce the risk of diesel theft.
Haggling. It’s a lost art form that’s only really been rehashed by sites like Facebook Marketplace and Gumtree, where people offer you 80% less than what you’re asking in some kind of desperate attempt to rip you off.
If your business requires a fleet of vehicles, it’s needless to say that the fleet is going to be a big part of the operation – and the budget. Not only does your fleet of vehicles help you to generate cash flow, but it also generates expenses in running costs and repairs.
Car allowance is a set amount offered to you by your employer to contribute to the use and expense of a motor vehicle aka car. And there are no limits or restrictions on how you use the car.
Chattel mortgages are one of the most sensible ways of financing a vehicle. All over the world, businesses and individuals alike use chattel mortgages to purchase new and used cars, so there’s no wonder why you’re considering it too.
