Hi all,
Is it good idea to buy a car with company lease? We have enough money in our offset account.
It's quite complicated to understand the benefit of the car lease.
Appreciated with any reply!
Buying a Car with Company Lease?
emiko on 16/10/2015 - 22:20
Last edited 17/10/2015 - 09:43 by 1 other user
Last edited 17/10/2015 - 09:43 by 1 other user
Comments
good if you cant afford to pay for the car from your home loan or from pocket.
Lease is not always a pleasant thing. Remember they own the car.Most of the time people who buy with lease will have to sell the car because they still cant afford to pay the residual. But if you plan it well right from the start you might be a winner.
Some lease companies are very flexible but some are not at all ( eg: where you service the car , insurance etc)
Lease is an experience as well, gives you your dream car, flexibility with you money, etc
First make sure you can trust your employer ( you shdnt loose your job )
Read this. May give some ideas on your questions.
As a general rule, pay yourself or tied with home loan would almost certainly be cheaper in interest. lease company would have to make money somewhere.
Benefits may include and not limit to - fleet discount from dealer. easier accounting, no cost up front, free up your own money to do other investment, interest and car expense are tax deductible anyway if job/business related.