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A Novated Car Lease
Lots of banks and financing companies can offer a novated car lease. There are several ways to finance your car and a novated car lease may a great option for you to consider. A novated car lease is similar to a car lease and involves regular payments like a car loan against the finance and can be on a new or used car. What makes novated car lease different is that the repayments are paid by your employer and they then deduct this amount from your gross wage. The agreement for a novated car lease includes a form for your employer and yourself, to form this arrangement.
Why would an employer arrange a novated Car Lease? Employers may want to offer employees incentives that will motivate them to work better and stay committed to the company or organisation. A novated car lease is a great incentive for employees. The financial responsibilities and ownership of the car remains with with the employee and if you leave your job the responsibility of the lease is left to you the employee .
There are several advantages of a novated car lease and these include being able to pay for the car with your gross wages . In case you choose to terminate the lease or employment you could still continue to repay the loan for the car and own it.
Things to consider when taking a novated car lease
Once you have selected the car you wish to lease you may have to negotiate the price and monthly payments for it. Thereafter you need to decide on the amount of fixed payment and the term of the lease. The term of the lease can be between 12 months to about five years.You may have the option of paying the residual amount at the end of the term and buy ownership of the car. The novated car lease is a unique way for employees to pay for a car, initially with small fixed payments, and thereafter with a lump sum payment. This kind of lease is agreed upon between the employer, the employee and the financing company.
Fully Maintained Car Lease
It is crucial that you are able to meet the fixed payments for the car lease. You may want to opt for a fully maintained lease. This may increase the monthly payments but will assure you proper maintenance and care for the car.If the car is predominately for business use it may be tax deductible.
A car lease is valuable for personal as well as for commercial use. The hire purchase contract is a unique way to slowly buy equity into the car until the end of the lease when with a final payment the car can be purchased.
Loans for people on DSS benefits: Acquire sufficient cash help
Physical instability and disabilities is no more a barrier while availing a loan. With the advent of loans for people on DSS benefits now people living on benefits can easily entail quick fiscal aid, without any hindrance. This helps such people to meet their unexpected financial troubles on time. With these loans all your unexpected monetary dues can be easily sorted out well on time.
DSS refers to department of social security. Government gives DSS benefits to those people who do not hold any income source to survive their day to day needs. This is because of their physical or mental disability or being underemployed. Therefore, the fruitful provisions of loans for people on benefits have been designed for such disabled people, which provide them quick monetary backing so that they can easily fulfill their urgent needs.
For the approval of these loans the borrowers are required to qualify on certain grounds. For this they need to be more than 18 years old and must have active healthy bank account with a saving of at least £500. Plus they need to be living on DSS benefits since 8 months at least.
An amount that can be entailed through these loans varies from £00 to £1500, for a short time period of 2 to 4 weeks. As these loans are of short term by nature, thus carry a bit high interest rates because of short term nature of funds. If you want a best loan deal a careful online research is advisable.
With the help of these loans all your urgent needs can be easily settled down. This may include paying for sudden medical expense, grocery payment, car repairing cost etc.
Loans for people on DSS benefits are free from tedious and hectic formalities of credit checking, faxing and lengthy paperwork. This means the loan will get sanctioned by the lender quickly and easily. Just after applying and getting approved quickly the entire loan amount will be deposit directly to your bank account in least possible time.