The Australian Labor Government is changing the rules on FBT completely. If you’re an employer that provides workers with an electric vehicle or plug-in hybrid, you won’t have to pay a cent in Fringe Benefits Tax on that vehicle – so long as it’s below the luxury car tax threshold.
In the past, novated leases have been popular for gas-guzzling utility vehicles like 4WDs, utes and twin-cabs. But with electric vehicles seeing a surge in availability, popularity and affordability, there’s absolutely no reason you can’t choose an electric vehicle when entering a novated lease.
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.
