Hi All,
I was looking at buying my first car, I'm a 23 y/o with a entry level job at the moment. Just looking at my best options here.
Thing is, I really wanted to increase my Credit Score because I have little to none at the moment, have always bought things outright.
Few questions I had:
- Do Novated Leases count towards my Credit Score rating?
- Anyone made the decision between taking out a loan / doing a salary sacrafice for a car purchase who could provide some input on what's the better choice?
Thank you in advance!
Please don't make the same mistake like I did. It is best to buy the car outright or used. Novated lease quotes look attractive but they won't often reveal the interest rates and other fees. My issues were mostly with budgeting and the lease company wasn't listed at some of the service centres and tyre shops and was a big pain getting them to authorise any work on the car.