One Car Group in Sydney, Australia | Financial service

One Car Group

Locality: Sydney, Australia

Phone: +61 1300 616 993

Address: Level 35, Tower One, 100 Baranagroo Ave 2000 Sydney, NSW, Australia

Website: http://www.onecargroup.com.au

Likes: 1589

Add/Update information

Reviews

Tags

• Travel and transport
• Financial service
• Rental shop
• Car rental

23.01.2022 Car sales slowdown in March to bring mega deals in April

23.01.2022 STOP throwing your money away on Car Ownership Owning a car with no ability to claim a tax deduction is in essence owing a liability Australians have a passion for cars. We have a high number of them on the road and a preference for travelling via car as oppose to other forms of transport (e.g buses and trains)....Continue reading

23.01.2022 After 160 laps, it all came down to one: Scott McLaughlin triumphs for Ford in all-time Bathurst 1000 nail biter

23.01.2022 Qualifying 2019 Supercheap Auto Bathurst 1000 - in the wet and temperature down to 9 degrees

20.01.2022 Practice 1 2019 Supercheap Auto Bathurst 1000

20.01.2022 Who is eligible for a novated lease? If you are looking to get a tax deduction on your car repayments and running costs, then the first question you need to answer is do you earn a salary? If the answer is YES, then you need to have a discussion with your boss.... 1. Does your Boss agree to salary packaging your car? If you are self employed and pay yourself a regular wage, then we guess you can ask yourself if you can salary package If you work for someone else, then you will need to speak to your employer if they will salary package of your car. We will speak with your employer to cover off any of their questions prior to proceeding with your novated lease. 2. Choose the car that suits your lifestyle You may already know what car you want to drive, if so then this speeds up the process. If you are at a loss as to what may be a car that suits your lifestyle and budget our consultants will assist you with the decision process including arranging a no obligation test drive of a suitable car. If you prefer to do some online research, we recommend the following sources: Caradvice Drive Once you have found the right car, you secure it via a contract subject to finance. 3. Calculate your cash flow savings! As an example, here is the cost of a $25,000, 3-year secured car loan through a Big 4 bank compared to a salary packaged novated lease. 3-year secured car loan $789 per month # Salary packaged novated lease $478 per month * Cash flow savings $3,732 PER YEAR # Secured car loan rate 8.49%, $12 administration fee per month and $250 application fee. * Assumes $60,000 annual pre-tax salary. Residual due at end of lease. This is the savings for just the finance on the car. There are even more savings by salary packaging your running costs such as fuel, registration, insurance, servicing, tyres, roadside assistance and even car washes. 4. Apply for finance The application for finance on a novated lease is quite straight forward. Our consultants can take the application over the phone or we will send you an application for your completion. Accompanying your application, you will need to provide a privacy consent, divers licence, recent payslip, and recent bank statement. Once the finance is approved, we finalise your salary package for the full running costs of the car. 5. Settle the finance and pay the supplying car dealer The finance documents are signed by you and your employer and we then submitted to the finance company. Upon settlement of the finance the dealer is paid for the car. Now enjoy your new car and the cash flow savings through salary packaging

19.01.2022 Top 6 Tips for Choosing Your Next Car Whether youve decided to upgrade from your current ride or youre taking the plunge to buy your first car, there are a number of things that you should do to put yourself in a position to get the best car thats right for you and your circumstances. The following tips should help guide your decision-making process: 1. Assess your needs...Continue reading

15.01.2022 End of Financial Year Deals are in Full Swing Kluger 2WD GX Petrol | Auto - Driveaway from $41,990... Talk to the team about how you can salary package and get a tax deduction for personal use of this Toyota Kluger. Call us on 1300 616 993 See Toyota offer at this link https://www.toyota.com.au/current-offers

15.01.2022 Budget ONE and Fuel Cards All businesses should adopt an approach to the management of their fleet of motor vehicles beyond the controls that are provided by their accounting system. Accounting systems such as Xero, MYOB, Quickbooks and the larger enterprise accounting systems do not have sufficient controls for the management of motor vehicles. Invariably this leads to a lack of control and understand of the costs of each vehicle in their fleet. Outsourcing the fleet manag...Continue reading

14.01.2022 Business Vehicles - $30,000 instant tax write-off Did you know, you may be able to claim a deduction in your 2019 tax return for business vehicles you bought for your business in the 2018-19 financial year? Using the instant asset write-off, you can claim a deduction for each business vehicle that cost less than the threshold that applied when the asset was first ready for use in your business. Different thresholds apply, so make sure you check which one applies to your asset...: 2 April 2019 from 7:30pm - $30,000 29 January 2019 from 7:30pm - $25,000 $20,000 before 29 January 2019 On your tax return, claim your instant asset write-off deduction under Small business entity simplified depreciation. The usual rules for claiming deductions still apply. You can only claim the business portion of the expense, and make sure you have records to prove it. Business vehicles that cost more than the relevant threshold cant be immediately deducted. You can deduct them over time using the small business pool. Remember, registered tax agents can help you with your tax.

13.01.2022 Novated Leasing Guide for Employers One Car Group has published an easy to read guide for Employers that explains novated leasing for their employees. Read the guide an find out how your staff can save in cash $4,770 with a three year novated lease compared with a BIG 4 bank loan.... Get a free download of your copy here: https://onecargroup.com.au//Novated-Leasing-Guide-for-Empl

13.01.2022 Car Owners: Here is Why You Should Run from the Big 4 As a car owner you should forget about secured car loans that the Big 4 are offering and take up a novated lease. There are 5 key reasons why !!... 1. Lower Monthly Repayments A secured car loan costs you more in cash flow to repay than a novated lease. Lets show you an example. New Mazda 3 G20 Pure Hatchback Under a 3-year secured car loan the monthly repayment with a FAT 4 bank: $250 establishment fee and fixed interest rate of 8.49% = $828 per month. The ex- GST monthly lease payment via a novated lease is $533. The lower repayments through a novated are due to the GST savings and residual value. 2. Income Tax Savings When you borrow from the FAT 4 via a secured car loan there is no tax deduction for the repayment of the car and the running costs. A fully managed novated lease gives you a tax deduction! The best thing is that you get the tax deduction for NO business use How much is the tax deduction? Well that dependents on the cost of the car and the running costs. Using our example of the Mazda 3 G20 Pure Hatch that has a drive away price of $25,990 our estimate of your tax deduction on a three-year lease is $6,814 per YEAR 3. GST Savings The tax deductions from your pre-tax salary exclude GST and so you save on GST as well 4. Bundled Running Costs You can bundle in most of the running costs of the car and have them deducted out of your weekly, fortnightly or monthly salary. This avoids bill shock of annual registration, insurance, servicing and comprehensive insurance. 5. Personalised Service Because we are not one of the FAT 4 we deliver personalised service. From vehicle selection to running cost budgets and selection of the most appropriate term our consultants will guide you.

12.01.2022 Is a Novated Lease better than a Car Loan? There is really only one way to answer this question and it is with a resounding YES! There are many elements to consider when choosing between the two financing options, so lets examine the main ones in more detail:... Tax Deductions The key to a novated lease is that the cost of the lease repayments is taken out of your pre-tax salary, essentially a tax deduction for each pay cycle. This has the effect of lowering your taxable income so that you end up having your income tax calculated on a much lower amount. The tax benefits that you derive as a result of a novated lease are quite substantial adding thousands of dollars back into your pocket over a secured car loan. And the best news is that you get this tax benefit even if you do not use your vehicle for work. Running Costs included In addition, a fully managed novated lease also allows you to bundle in all of the operating costs of your motor vehicle, such as; - fuel - insurance - registration - servicing & repairs - replacement tyres - roadside assistance - even car washes And these are also deducted from your pre-tax salary, adding to your income tax savings (as mentioned above). A secured car loan does not provide you with the ability to bundle in any of the running costs of your vehicle. GST If you take out a secured car loan, then the repayments you make are calculated on the cost of the car including GST. With such a loan, you are unable to claim back the GST component. When utilising a novated lease the pre-tax salary deductions exclude GST and the financing of the car is net of GST. So you save on the GST via a novated lease. Residual A novated lease allows you to include a balloon payment at t-he end of the lease term, otherwise known as the residual. A secured car loan through the big four banks does not allow you to include a balloon in the structure of the loan. A novated lease therefore has a lower cash repayment as it is structured with a residual and you dont pay the balance down to nil. The residual value is normally paid via trading in the car at the end of the lease term. So whichever way you look at this, a novated lease is far and away a more effective method of financing a motor vehicle compared to a secured car loan.

12.01.2022 How much is your car worth? When you decide you wish to sell or trade-in your vehicle on a replacement, it is important to know what your vehicle is worth. There are many factors that will determine the final price for your vehicle. It is important to note that the state of the market at that point in time will strongly influence the price you are able to achieve....Continue reading

10.01.2022 Bathurst 1000 2019: Scott McLaughlin lowers lap record in stunning Top 10 Shootout performance

09.01.2022 Employers: Why should I provide my employees with salary packaging a novated lease? In the past, employers would traditionally provide motor vehicles to their staff as either a tool for the performance of their work duties or as a benefit to some employees based on the seniority of their role. This meant the employer either purchased the vehicles outright (creating a drain on their working capital) or entered into an operating lease which provided limited flexibility, partic...Continue reading

09.01.2022 Novated Lease $20,000 cash for Jennys Car Yes, you can get cash for the car you are now driving and then lease it back under a novated lease arrangement and SAVE on cash flow, GST and income tax. This approach is called a Sale & Leaseback and is one of the greatest secrets of how to free up cash!... Example: Jenny loves her Mazda 3 Maxx Sport and $20,000 in Cash Last year Jenny purchased a Mazda 3 Maxx Sport hatchback in soul red. She saved up for several years to buy the new Mazda and paid $26,990 cash. Jenny is looking to renovate her kitchen and has received a quote for $20,000 to do the makeover that she has always wanted. Jenny spoke with her bank and they will lend her $15,000 for the kitchen at 14.5% and the balance Jenny will put on her credit card at a rate of 21%. Before moving forward with the bank finance Jenny was speaking with her friend Pauline that works in the HR department about her plans for the kitchen renovations. Pauline knew that Jenny paid cash for her new Mazda and so she suggested Jenny look at a Sale and Leaseback on her Mazda to getting the funds to pay for the kitchen renovation. Jenny spoke with the team at One Car Group and they explained the process and the cash flow and tax savings of a novated lease. Through One Car Group Jenny applied for a novated lease. The finance was approved on a Tuesday and Jenny received $20,000 cash for her Mazda 3 Maxx Sport on the Friday! Not only did Jenny get a $20,000 cash injection into her bank account she also saves over $2,000 per year in tax by salary packaging her car. Requirements for Sale & Leaseback Minimum $10,000 market value Maximum 10 years at end of lease (e.g. 7-year-old car can be leased for 3 years) Car has been serviced, maintained, road worthy and has no major damage Independent inspection of the car arranged by the financier The application for finance is the same as if you were purchasing a new or used car.

08.01.2022 Japanese Grand Prix - 11 to 13 October 2019 The Japanese Grand Prix is scheduled for next weekend. With Lewis Hamilton at the top of the 2019 Driver Standings with a clear lead of 73 points over Valtteri Bottas, it should be a great race.... Lewis has had five wins in Japan and is one short of matching the record set by Michael Schumacher who took six wins between 1995 and 2004. Go Lewis !! Catch the race on Channel 10 or Fox Sports.

06.01.2022 How do I get a tax deduction for my car repayments & costs? From July 2015, there are three methods under the ATO guidelines for tax deductions on car repayments and costs: 1. Cents per kilometre method... 2. Logbook method 3. Novated lease Cents per kilometre method With the ATOs revised method, the individuals use is 68 cents per kilometre for all motor vehicles. Your claim is based on 68 cents per kilometre for the income year You can claim a maximum of 5,000 business kilometres per year You are not required to have written evidence (i.e. logbook) but you may be required to produce evidence of work-related trips (i.e. receipts, etc) Logbook method Your claim is based on the percentage of business-use expenses for the car. Expenses such as running costs and depreciation of the car are included as an expenses but not the purchase price of the car, financing or modifications (i.e. alloy wheels) to the car. As you need to work out the business-use percentage, this is where the logbook comes in. You will need odometer readings for the period with a minimum continuous period of 12 weeks. You can claim fuel and oil costs with actual receipts or you can estimate your expenses based on odometer readings. Lastly you will require written evidence (i.e. receipts) for all other car related expenses such as maintenance, servicing etc. Novated lease If you are an employee and receive a salary you can bundle up all of your vehicle running costs including finance and get a tax deduction for the cost of running your car. You can also forget about having to use the cents per kilometre or logbook method with a novated lease and get an even bigger tax deduction. Check out further information about novated lease with our Novate One offering. Budget One The One Car Group Budget One service helps with managing and reporting for business vehicle costs. With the convenience of fuel cards and discounted pre-approved labour and parts rates it provides business with greater certainty over the costs of running their vehicle.

06.01.2022 Top 7 Reasons to Get into a Novated Lease 1. Reduced Cash Flow Low Cost Unlike a Secured Car Loan, a novated lease has a residual at the end of the term. As such the repayments are reduced because you dont pay off the total value of the car over the term of the lease....Continue reading

05.01.2022 Great Photos will Help Sell Your Car Images are worth a Thousand Words You may have been told when you went to school that images are worth a thousand words. Well we thought that meant a 1,000 word essay could be completed with an image ... Yes images are powerful and they create emotion so they are worth a hell of allot when you are trying to sell your used car in a sea of 200,000+ other cars listed on Carsales. We would say that great photos will make or break the sale of your car and may be worth more than 1,000 words How Not to take Photos of Your Car We speed allot of time online and see some very poor attempts of people photographing their cars and publishing to the online classified sites such as Carsales and Cars Guide. Some of the problems you should avoid include taking photos: - Poor lighting - Overcast day - A dirty car - Inside a garage - Inside a carpark - On your driveway - Photos taken in multiple locations confuses potential buyers Location, location, location Your choice of location is important to make your car shine above the competition. People buy on emotion more than you might think. We recommend you pick one of the following locations to make the buyers notice your car: - Near the sea - Near the river - Next to a park - Next to a wall with a mural The car should be feature in the foreground and the background used to support the emotion you are trying to convey to potential buyers. What photos do you need You should use up all the available number of photos that the online platform will let you post. Most allow between 12 and 20 photos so we recommend you take at least 20 crystal clear photos. Shooting them with your smart phone is fine as the quality is quite good on modern phones. The photos you should shoot include the following: - Front head on - Front three quarter each side - Sides left and right - Back tail on - Back three quarter on each side - Driver side interior - Passenger side interior - Rear passenger both sides - Boot - Under the bonnet engine bay - Open sunroof - Accessories e.g. tow bar, roof racks - Dash showing odometer With the exterior photos try and feature your background (e.g. sea, river, etc). First Photo to Feature on the Advertisement Always feature a front three quarter photo as the first photo of the car as this is what will be seen when potential buyers scroll through advertisements. Order of photos in the Advertisement Run from the first photo noted above through the photos from front to the back of the car then inside and the last photo should be a photo from outside that shows the background you have shot the car against (e.g. wall mural, park, etc) Bundle great photos with an emotive description of your car and you will have the buyers making contact with you in no time.

05.01.2022 Cover the GAP Guaranteed Asset Protection Insurance If you have finance on a motor vehicle then you may wish to consider Guaranteed Asset Protection (GAP) insurance. If your car is written off; arising from an accident, flood, fire or theft then your comprehensive insurance will either replace the vehicle or payout the agreed or market value of the ca... r. Many comprehensive insurance policies do not have a new for old replacement policy and if this is the case for you then your will get a cash settlement of either the agreed or market value. If the comprehensive insurance payout is less than the outstanding balance on your finance, then you face a potentially large expense to settle the loan with the financier. So, what does GAP insurance cover? GAP insurance is protection helps cover you from a shortfall between your finance payout and insured value of your vehicle if it is written off. The trigger for a claim on GAP insurance is the full payout on your comprehensive insurance policy for a total write-off. The level of cover depends on what you choose and can range from $7,500 to $30,000. There is normally no excess on a GAP insurance product. Example of GAP Insurance cover in the event of a total write-off A vehicle is a total loss due to an accident, fire or theft. $25,000 is still owing on the finance borrowed, yet the comprehensive car insurance payout for the agreed or market value is only $20,000. GAP insurance can cover the $5,000 shortfall owing to the finance company. How do I get GAP insurance coverage? By paying a once-off premium, GAP insurance can provide you with peace of mind for the life of your car finance. You have the option of paying the premium as an upfront lump sum or adding it to the finance on your car (only available on commercial finance products).

04.01.2022 7 Ways to buy a Used Car with Confidence 1. Set a budget you can afford Firstly, setting a budget is crucial based on what you can afford. Its also a good idea to remember that the purchase price doesnt include running costs such as insurance, fuel, maintenance or the cost of the finance payments (if you require finance)....Continue reading

04.01.2022 NOVATED LEASE Contactless Consultations From the comfort of your home or office, book in a contactless consultation with our consultants. Simply select your preferred date and time and let us know some details about you. Your personal consultant will contact you to confirm your booking.... To book your novated lease contactless consultation follow this link: https://onecargroup.com.au/novated-lease-appointment-booki/

03.01.2022 Chattel Mortgage Balloons Explained If you are financing a car with a chattel mortgage you may choose a balloon structure rather than paying down the loan to zero. What is a balloon structure?... At the end of the term of the chattel mortgage (12 to 60 months) you can opt for a balloon which is a lump sum due at the end of the financing term. As an example, lets assume you are purchasing a new Toyota Hilux SR5 ute which has a drive away price of $60,000. Below are examples of the monthly repayments of financing with and without a balloon over a 4-year term assuming an interest rate of 7%: No balloon - $1,478 40% balloon - $1,002 So, the balloon structure reduces your monthly repayments by $476 or $22,848 lower repayments over the 4-year term. If I choose a balloon structure what do I do at the end of the financing term? At the end of the term of the chattel mortgage you have the following options: Payout the balloon and there is nothing owing on the vehicle Refinance the balloon to pay it down to zero (subject to approval by the financier) Sell the vehicle privately and pay the balloon off with the proceeds Trade the vehicle in and the dealer will pay off the balloon Is balloon structuring a smarter way to finance a business vehicle? Yes. Cash flow is important for a business and using a sensible balloon structure for the vehicle financing will ensure you keep the repayments lower and at the end of the term you have options to quit the vehicle or refinance. What is a sensible balloon for a chattel mortgage? The answer is found in the term of the chattel mortgage and the vehicles historical trade in valuation. As an example: 4-year term financier maximum is 40% 4-year old of the same make and model trade-in value is 45% Therefore a 40% balloon is probably a sensible balloon structure for a 4-year term Ultimately the value of your vehicle at the end of the term is heavily dependent upon: Make and model market perception of it being a good vehicle Kilometres travelled over the finance term Maintenance history Damage to the vehicle If your vehicle has higher kilometre usage and is working in tough conditions, then it is prudent to choose a lower balloon to avoid a gap between its balloon payout and market value at the end of the chattel mortgage term.

03.01.2022 Can Anyone Get a Novated Lease? This is a great question that we get asked this almost every week. The answer is if you have good credit, are employed and your employer is willing to enter the novated lease with you then yes you can get a novated lease.... You need to be in full time employment and not in probation. Boss can I have a novated lease? The discussion with your employer can be less than straight forward if they have not been a party to a novated lease in the past. We help you have the discussion with your employer to explain the process and this takes the burden off you to tray to explain why novated leasing is such a great benefit. Why is your employer required to be involved? The payment of the finance and running costs for your novated lease are deducted from your salary. The pre-tax deductions create an income tax and GST tax saving which significantly reduced the cost of running your car. Do I need to have a big salary for a novated lease? No. Most people that take up a novated lease have an income in the range of $60,000 to $80,000 per annum (before tax).

03.01.2022 Is a Novated Lease Worth it in 2020? If you would like a tax deduction on your car, lower finance payments and bundle up your running costs then the answer to the above question is .. .. YES a novated lease is worth it in 2020.... If you pay income tax as a PAYG earner, then a novated lease is an excellent way to gain an income tax deduction with no business use. Here is an example to demonstrate the financial benefits of a novated lease Julie earns $70,000 per annum before tax She is purchasing a new Mazda 3 for a drive away price of $25,990 She wants to drive it for a few years and then upgrade (just like her iPhone ) Her bank has quoted her repayments of $840 per month on a 36-month term ($250 establishment fee, $12 per month administration fee and interest rate of 8.49%) Other running costs are about $400 per month (fuel, servicing & repairs, tyres, registration, insurance, and roadside assistance) => The average monthly cash flow Julie needs is approximately $1,240 If Julie were to salary package the Mazda 3 via a fully managed novated lease the outcome would be a monthly cash flow cost of $776. The cash flow savings for Julie using a novated lease is approximately $5,500 per year. How do the cash flow savings come about? With a fully managed novated lease Julie gets the following benefits: 1. Tax deduction for the new Mazda 3 of $6,800 per year 2. Benefit of a residual at end of lease term minimizes the monthly repayments At the end of the lease term Julie can upgrade to a new make and / or model and privately sell or trade her car to payout the residual value.

03.01.2022 Hyundai offer up to $1000 cash back for Car Next Door Members Also, get a $15 credit when you join as a new member using promo code carnextdoor.com.au/invited/PETWEK

02.01.2022 Is it worth leasing a car through work? It wasnt all that long ago that cars acquired through work were specifically linked to either a work requirement (for example, if you were a sales person needing to go out to visit your many clients) or as part of your remuneration package if you were in a managerial role. The good news is that leasing a car through work is now available to almost all employees and the car does not need to be used for any work purpose at all. Which beg...s the question, if I dont need my car for work purposes, is it worth leasing a car through work? The answer for anyone wanting to own a car is a resounding YES! Novated leases provide significant tax benefits and therefore financial benefits in acquiring and running a car through such an arrangement. A novated lease is a three-way financial agreement between yourself (as an employee), your employer (who makes the payments on your behalf) and the financial institution (bank or finance company). A fully managed novated lease also incorporates the running costs of a car (fuel, insurance, servicing, roadside assistance, etc). The benefit in this arrangement is that your lease payments as well as all the ongoing running costs for your vehicle are made from your pre-tax salary. This has the effect of lowering your taxable income which in turn provides you with significant savings which amount to thousands of dollars over the term of the lease. A novated lease also allows for a balloon payment at the end of the lease term this is known as the residual amount. This option is not available if you were to take out a personal loan or a car loan from one of the main financial institutions. By having a residual amount, it has the effect of improving your cash flow over the term of your lease. At the end of the lease term, you can either sell the vehicle and pay out the residual amount or you can refinance the residual for another term (with significantly lower repayments as the residual amount is only a fraction of the original purchase price). So if you intend on purchasing a car, there is no more cost effective way of owning one other than through a novated lease.

02.01.2022 Does a novated lease require a credit check? The short answer to the question is YES the financier will conduct a credit check when you apply for a novated lease. The bank or finance company is lending money to you against a motor vehicle for an extended period of time from 12 to 60 months and just like a secured car loan or personal loan they will conduct a credit check.... Why is a credit check performed? The application process is generally one way. You complete an application and then provide evidence of income, identification and a privacy consent. The application process is basically you telling the bank or finance company your financial position and capacity to repay the lease. A credit check is a way of rounding out the application process. The credit score is an independent way of the bank or finance company forming an opinion on your ability to repay the loan amount. What if there is a small mark on my credit file? Generally speaking if there is a small hiccup on your credit file and it has been resolved it will not present as a major issue in your application for a novated lease. Many common small problems arise from missed payments on utility bills and the like. People move address and bills arrive after they have moved and then remain unpaid or paid well after their due date. Such small and resolved marks on your credit file should not present an issue with your application. What are banks and finance companies looking for in my application? Lending criteria generally cover capacity, collateral, character and credit. Capacity - is the assessed ability of you to repay a novated lease given your income, living costs and other financial commitments. Novated lease are treated favourably as the cost of a novated lease is in part paid via an income tax deduction and lower overall repayments due to the structuring of a residual into the lease. Character - is an assessment of your trustworthiness which is evidenced by a truthful application including highlighting any issues in your previous borrowings. A credit check will assist the bank or finance company to cross check what you say with what is recorded on your credit file. Collateral - is the value of the asset (e.g. car you wish to purchase) compared with its market value. The bank or finance company does not wish to lend an excessive amount against a motor vehicle compared with its market value. Credit - is for novated leases your credit score. There are variations on the above lending criteria depending on if you are a business or individual or if you are borrowing via a secured lending facility or an unsecured one. Overall banks and finance companies are using an holistic approach to assessing applications.

02.01.2022 Novated Leases for Small Businesses Big Cash Flow and Tax Savings The key benefits for employees of small businesses is that novated leases dramatically improve employees cash flow and they get the benefits of GST and income tax savings. The annual tax benefits are in the range from $2,000 to $5,000 depending upon the cost of the car and the employees rate of margin income tax....Continue reading

02.01.2022 Bottas toasts perfect day after dominating Japanese GP

01.01.2022 Car Next Door - Eligibility Criteria for Cars Allot of cars are eligible for listing on Car Next Door. Broadly cars should be no older than 18 years and have fewer than 300,000 kilometres on the odometer. The car also needs to be mechanically sound and have no major panel damage. Detailed car eligibility criteria:... Less than 18 years old Driven less than 300,000 kilometres Value of less than $50,000 Be well maintained mechanical, body and interior Have seating for no more than 8 passengers Be a private passenger vehicle with four wheels Have a power rating of less than 200 kilowatts (250 kilowatts for 4WDs) Not have been altered in a way that materially changes the performance, appearance or purpose of the vehicle Your car should be parked full time in one of Car Next Doors target suburbs and 100% available to share with members of car Next Door.