GST, will it affect Leasing?

Finance institutions will shortly have to review the way in which car dealers are selling Finance Lease. For many years now car dealers have been selling finance lease to private clients primarily because it makes the monthly payments cheaper. The reason for this is...

Car Dealers Quoting Monthly Loaded Payments

A deceptive practice which is often used by Car Dealers, how does it work? When customers want to know how much the monthly payment is on a chosen vehicle, the salesperson gives them a monthly inflated figure that represents a higher vehicle purchase price thus...

Fringe Benefit Tax. What does it mean?

FBT? What does it mean? Lady Gaga’s Fame Ball Tour? The nickname for a Canadian Poker Player? An internet hacking technique or an Italian audio equipment manufacturer? But for the purposes of this exercise, Fringe Benefits Tax is the tax applied to most, but not all,...

10 Steps to Leasing a Car

The process for car leasing should be an open one. It should begin with a client referral, and then proceed to gain an understanding of the client’s needs and background. Finance Brokers/Providers should talk with more understanding to the accountant than anyone else;...