Australia Wide Sheds

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Australia Wide Sheds provides you with sheds & storage solutions for every space, including farming & rural sheds, industrial sheds, all purpose storage sheds, four wheel drive sheds, boat sheds, truck sheds, warehouses … no shed is too big for our experienced team to design.

Our team has over 10 years experience at building sheds ourselves, from single garages through to complete industrial parks. We’ve been through the challenges & know how to design the best solution for you, while still saving you money. Browse our website for useful tips on creating your ideal shed, including colors, styles & helpful tips.

A Basic Novated Lease Calculator

A Basic Novated Lease Calculator

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Here’s a simple way – or, at least as simple as one can find or use – to calculate the value of a novated lease. For those that aren’t entirely sure of what a novated lease is, read this short example, then get to crunching numbers using this Novated Lease Calculator Stratton Finance

The Basics Of A Novated Lease

Most residents of Australia are hunkered down with personal debt, with the Land Down Under collectively considered the most indebted nation per capita on planet Earth. While some debt is good, and shows that an area’s economy has things worth buying, too much debt – which is exactly what we see in Australia – is never good for consumers, considering debt’s mentally-taxing and financially-restricting nature.

Vehicles are typically secured by Aussies through purchases or loans, called financing agreements. However, with such an open willingness of taking on consumer debt, many Australians might not have enough financial wherewithal to assume such loans.

Novated leases are those that involve three parties: yourself, an employer that offers the novated lease, and whatever group that’s supplying the vehicle.

The benefits of novated leases are far and wide, ranging from fewer taxes paid to be able to purchase nicer vehicles. Employers are also incentivized to offer novated leases, as well, As such, many employed Australians will find opportunities for novated leases via resources already available to them.

Let’s break down the basics of a novated lease calculator, and how ours will help you make sense of your personal finances.

How Much Is That Car Worth?

Once you’ve picked out a car – or several cars, and are first running calculations on how much you’ll owe to make a better decision – find out its purchase price. For this novated lease calculator, that number you owe through a novated lease will be the same as purchase price.

The next step for this novated lease calculator is to determine how much you’ll owe each month. Knowing the total cost is only important for your personal life, whereas the monthly cost is relevant for this novated lease calculator.

After discovering what the annual percentage rate is, multiply it – in decimal form – times twelve months’ worth of payments. That’s what your lease will cost, as seen in this novated lease calculator.

You might not get the total cost right, down to the penny, but with this calculator, you’ll be sure to get a reasonably close estimate.

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Car Loans 101

Car Loans 101: What You Should Know About the Different Types

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When you begin the process of searching for car loans, this can be rather mentally taxing. Not only is it a huge financial step, but you might not really understand what you’re getting yourself into due to all the technical jargon. You can use this guide to better understand the offers that are out there, and ultimately make informed choices about the various offers for car loans.

Secured vs. Unsecured Car LoansFrom the most basic standpoint, car loans are either secured (backed by some sort of collateral) or unsecured. If you apply for a loan and the lender decides you’re eligible for a secured solution, they will ask that you place a lien on some sort of eligible asset. A lot of times, the asset is the car itself. Other times, it might be another vehicle owned by the borrower, their home, or other high-value belonging. The lien ensures that the debt can be repaid through the asset in question should the borrower ever default on the loan.

On the other hand, unsecured loans are not protected by any collateral; they are approved in good faith. Unsecured loans are more often given to those with higher credit ratings or favorable borrowing histories. If a borrower defaults on an unsecured loan, action is generally taken via legal means.

Short Term vs. Long Term Car Loans

When you apply for Car Loans Stratton, term lengths will likely be brought into question. You and the lender will ultimately decide whether the loan will be repaid over a short or long term. Short term loans are generally repaid in full within a period of 1-3 years. A short term loan’s only pitfalls are usually high payment amount requirements and increased interest.

Long term loans are those that can be repaid over a longer period of time; generally at least 4-5 years. The drawback of long term loans is that it takes a lot longer to get rid of them, but they do have their advantages. They usually carry lower payment requirements, and interest usually low.

Other Types of Car Loans

A common type of car loan that doesn’t exactly fall into the category of the secured/unsecured loan options is the title loan. This is a loan that is taken out against a car title by the owner in exchange for a certain amount of money from a lender. If the borrower defaults on the payments, the lender can repossess the vehicle in question to satisfy the debt.

Likewise, lease buyouts exist for those who prefer to lease. Lease buyout car loans are ideal for people who want to purchase a vehicle after their lease terms have ended, but don’t have the resources to purchase at the time of expiration.

Novated Lease Makes Life Easier

How a Novated Lease Can Make Your Life Easier

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If you’re like many people, you might always be busy. This means that you might always be looking for ways that you can streamline your life and make it easier. One way that you can do so is by choosing to participate in a novated lease program through your employer. These are some of the reasons why this type of arrangement can make your life a whole lot easier.

Avoid Having to Worry About Making a Car Payment

For one thing, you might find that paying your bills can be a big pain. Having to make sure that your car payment or lease payment is made on time can take time out of your day. With a novated lease arrangement through your employer, however, this is no longer something that you will have to worry about. The money that is required to pay your lease payment will come straight out of your paycheck, even before taxes are taken out. Then, your employer will pay your lease payment on your behalf. This can help you check one thing off of your to-do list each month without actually having to do anything yourself.

Make Bookkeeping Easier

Another good thing about a novated lease is the fact that it can make bookkeeping for yourself a whole lot easier. Right now, you might track the amount that you spend on things like your car or lease payment and your car maintenance. With a Novated Lease Stratton Finance, this is not something that you will have to worry about. All of this will be handled in one handy payment that is taken care of by your employer. If you would like to still keep track of these expenses, you can always ask your employer for a copy of the statement at the end of the month or year. You might not find that it’s even necessary to do so, however.

Avoid Worrying About Car Maintenance

Dealing with car maintenance can be a big hassle. Plus, it can take a chunk out of your budget when you least expect it. With a novated lease, you can actually include your car maintenance costs into your lease, and it will all be handled for you before you even get your paycheck. Then, all you really have to worry about is taking your car to be serviced.

As you can see, a novated lease can be great for making your life easier. If you would like to streamline your life and save a little bit of money at the same time, you may want to consider talking to your employer about a novated lease. If this is a program that your employer decides to participate in, you might find that it’s incredibly beneficial for you. Plus, your employer is sure to like the idea of improving your salary and benefits package without having to pay out any extra money. In many situations, it is truly a win-win situation for both the employer and the employee.

Car Finance Deal

How to Save Money on a Car Finance Deal

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Even though you might wish that you had the money to buy a car straight out in cash, the truth is that you might be looking for a company that specializes in car finance deals so that you can make payments on your purchase. However, you might want to ensure that you get the best car finance deal that you can. Luckily, following a few tips can help you save on your car loan.

Buy a More Affordable Car

If you buy a more expensive car, you can expect to pay more in interest charges on the vehicle than if you bought a cheaper one. Plus, you can expect for your monthly payments to be a lot higher. If you’d like to keep your car finance costs as affordable as possible each month and if you’d like to avoid paying more in interest than you have to, buying a used car can make a lot of sense. For example, you can usually save a huge percentage of your purchase price by buying a car that is a couple of years old rather than one that is brand new.

Save Up a Big Down Payment

The more that you put up as a down payment when buying your car, the less you will have to finance through your Car Loans at Stratton Finance company. This can help increase your chances of an approval, can help you lower your interest rate and can help you enjoy lower monthly payments. Therefore, if at all possible, consider taking a few months to save up as much as you can for your purchase.

Find Out Your Credit Score

Before you ever go in and talk to someone about a car finance deal, it’s a good idea to be aware of what your credit score is. Then, you will know if you are getting a good interest rate or not. There are websites online that can help you pull your credit score. If you spot any false information on your report, it’s also important to take the time to fight them. Then, you can help ensure that your credit score is as high as possible when you go in to talk about your car finance deal.

Shop Around for Lenders

When you apply for a car finance deal, you might just be happy to be approved. Because of this, you might end up going up with a lender that charges you more in interest than what you have to pay. Instead of just signing the first contract that you are offered, take the time to apply for multiple loans and to talk to multiple lenders. This can help you find the one that is going to offer you the lowest interest rate.

Buying a car can be costly, but if you follow a few steps, you can help ensure that you get the best possible deal when financing your vehicle purchase. Therefore, consider following these tips if you’d like to prevent your costs from being higher than they have to be.