Purchase A Mercedes on Finance: Find The Right Option For You
If you thinking of purchasing a Mercedes, you need to know that it is one of the cars whose price range is rather steep and it's a huge investment. It requires a lot of cash in hand and not many can buy it up front. Fortunately for those of you who have always dreamed of owning a Mercedes, there are a few finance options that you can choose from.
If you thinking of purchasing a Mercedes, you need to know that it is one of the cars whose price range is rather steep and it's a huge investment. It requires a lot of cash in hand and not many can buy it up front. Fortunately for those of you who have always dreamed of owning a Mercedes, there are a few finance options that you can choose from.
Before deciding on a Finance Option, ask yourself.
- Car Loan: This is mostly opted by individuals rather than businesses. It generally covers the full cost of buying the car including insurance, the on-road cost, warranties and loan protection for the car loan itself.
- How much time you going to use it?
- Personal or business use.
- Business or personal cashflow
- Investments in the future, any other purchases or family changes.
- Car Loan: This is mostly opted by individuals rather than businesses. It generally covers the full cost of buying the car including insurance, the on-road cost, warranties and loan protection for the car loan itself.
A car loan is different from a personal loan meaning when the car is sold, exchanged or written off by the insurance company, the car loan must be paid in full. However, the interest rates are more in a personal loan than that in a car loan. There are even loans for new or used cars. A car loan can be paid off in regular repayment option depending on the term and amount borrowed.
-Operating Lease: There is no purchasing involved in this option, it's only a rental agreement and when the agreement is exhausted, you have to return your car. The advantage in this option is that there is a fixed amount that is known at the beginning. It's a great option for businesses as you can budget the cost of your new car.
-Car Finance Lease: This is one of the simplest options for a business whether buying a new or a used car. You get to own the car at the end of the lease while budgeting the repayments throughout the lease. This can be done as there are fixed terms and interest rates.
-Novated Lease: This option is becoming quite popular as it benefits both, the employer and the employee. This is basically an agreement between the employer, the employee (i.e. you) and the financer where the responsibility of paying the lease is with the employer. With this agreement, you own your car and can even take it if you happen to change your job.
Advantages for the employee.
Names of Some Finance Companies.
-ANZ
Ph: 1300 650 516
-Artog Financial Services
PO Box R1942
Royal Exchange
NSW, 1225
Australia
Tel: 1300 782 066
-Bank of Western Australia Ltd.
Tel: 13 17 20
-All Finance Australia
384 Ipswich Road, Annerley
Qld 4103
Phone: (07) 3456 0000
Fax: (07) 3456 0001
-HSBC Bank Australia Ltd.
Tel: 1300 308 880
-Aussie Car Loans
2/350 South Rd
Hampton East VIC 3188
Tel: 1300 302 180
Fax: 1300 787 717
-Operating Lease: There is no purchasing involved in this option, it's only a rental agreement and when the agreement is exhausted, you have to return your car. The advantage in this option is that there is a fixed amount that is known at the beginning. It's a great option for businesses as you can budget the cost of your new car.
-Car Finance Lease: This is one of the simplest options for a business whether buying a new or a used car. You get to own the car at the end of the lease while budgeting the repayments throughout the lease. This can be done as there are fixed terms and interest rates.
-Novated Lease: This option is becoming quite popular as it benefits both, the employer and the employee. This is basically an agreement between the employer, the employee (i.e. you) and the financer where the responsibility of paying the lease is with the employer. With this agreement, you own your car and can even take it if you happen to change your job.
Advantages for the employee.
- Can own the vehicle at the end of the lease.
- Can be for private use only (i.e. only for you)
- If your employer agrees you can lease more than 1 car.
- Can be financed with pre-tax dollars.
- On termination of the employee or the lease, the car is the employer's responsibility.
- Adds value to the remuneration package of the employer.
Names of Some Finance Companies.
-ANZ
Ph: 1300 650 516
-Artog Financial Services
PO Box R1942
Royal Exchange
NSW, 1225
Australia
Tel: 1300 782 066
-Bank of Western Australia Ltd.
Tel: 13 17 20
-All Finance Australia
384 Ipswich Road, Annerley
Qld 4103
Phone: (07) 3456 0000
Fax: (07) 3456 0001
-HSBC Bank Australia Ltd.
Tel: 1300 308 880
-Aussie Car Loans
2/350 South Rd
Hampton East VIC 3188
Tel: 1300 302 180
Fax: 1300 787 717