Vehicle Finance Tips

  • Rego/Greenslip/Plate Costs – When financing a car it is best to pay for the registration, greenslip and plates upfront as this is a recurring cost. Otherwise you will be paying for your first years rego for the term of your loan.
  • Chattel Mortgages – If your business uses the Cash accounting method, a Chattel Mortgage will allow you to claim the GST portion of your loan upfront. You can then choose to repay this money back into your loan, thus reducing your payments.

Plant/Equipment Finance Tips

  • Chattel Mortgages – If your business uses the Cash accounting method, a Chattel Mortgage will allow you to claim the GST portion of your loan upfront. You can then choose to repay this money back into your loan, thus reducing your payments.

Home Loans Tips

  • First Home Buyers Grant – Please refer to the Office of State Revenue website which provides information on current grants and exemptions available for first home buyers – www.osr.nsw.gov.au.

Links

Here are some useful links for both business and personal use.

Personal Property Securities Register (PPSR) – The PPSR is where all details of security interests in personal property can be registered and searched. This can provide you evidence if a vehicle you are looking to purchase currently has debt owing against it – www.ppsr.gov.au.

The Red Book – Provides pricing and identification data to the automotive, insurance and finance industries and is the pre-eminent operator in this field – www.redbook.com.au.

Australian Tax Office (ATO)www.ato.gov.au.

ABN Lookup – Provides access to the publicly available information provided by businesses when they register for an Australian Business Number – www.abr.business.gov.au.

Australian Securities & Investment Commission (ASIC) – ASIC is Australia’s corporate, markets and financial services regulator – www.asic.gov.au.

Mortgage & Finance Association of Australia (MFAA) – As well as providing a list of accredited mortgage brokers in Australia, the MFAA provides information to consumers that will help you understand the mortgage industry, what to watch out for, as well as how to find and manage a mortgage. Nathan Edwards of Central Coast Financial Services is an accredited member of the MFAA – http://www.mfaa.com.au” target=”_blank”>www.mfaa.com.au.

Veda Advantage – Veda Advantage provides vital information services to the Australian and New Zealand economies. Our information insights assist businesses of all sizes make decisions on: credit provision, risk management, fraud prevention, customer acquisition and management – www.vedadvantage.com.au.

NSW Office of State Revenue (OSR) – OSR administers State taxation, collects revenue, outstanding fines and penalties, develops policy and implements legislation relating to State taxation for and on behalf of the people of NSW – www.osr.nsw.gov.au