company car finance

Ah, company car finance – the corporate chariot conundrum. Essentially, it’s a way for businesses to fund vehicles for their staff without shelling out the full price upfront. You can lease or loan the car, often with tax advantages and fleet discounts that make accountants smile. Key points:

• Leasing: Lower monthly payments, but you don’t own the car.
• Loan: Higher payments, but you own the asset at the end.

Prices vary wildly depending on make, model, and finance terms, but new company cars can start around $25,000 AUD, with used options cheaper on sites like CarShowroom or Tradingpost. Always read the fine print or you might be stuck with a lemon and a hefty bill.