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Q: I have 50K that I want to invest into a managed fund. How do I go about deciding which one ?
A: +1 for Viral Thakkar. Very knowledgeable in his field and has helped me personally!
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Q: Hi, starting a new job as a contract courier and have to set up an ABN. I don’t have an accountant (anyone know a good one in the Shire) – my question is do I have to keep a log book for just one month or so I have to all the time for claiming expenses back?
A: Hi Mate, speaking with a good accountant is key as there are several methods of claiming. with the log book it is 3 months and will last you 5 years.
If you are a Pty ltd company, my understanding is you can claim 100% if its a commercial vehicle.
I have accountants i can recommend out west (Blacktown/ Oran park) if you get stuck. If you require finance for the van please let me know and i will be happy to help.
Regards,
Tareq
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Q: What's the best rate I can get on a new car lease for $46,000 over 4 years with a 40% RV?
A: It does. text me your email address i will send you over some info and repayments
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Q: What's the best rate I can get on a new car lease for $46,000 over 4 years with a 40% RV?
A: Hi Joe,
Would depend on a few factors such as wether its a commercial or consumer loan, what loan to value ratio it is, property ownership and overall profile.
give me a call on 0410755009 or email tshnoudi@sbfin.com.au and i will be happy to assist further.
regards,
Tareq
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Q: I have just started working for a new employer as a full time Sales Representative and the employer is paying fortnightly a car allowance reimbursement. Car allowance of $20k annually which also includes fuel and running costs. I am not sure if I should purchase a new or used car or lease a car and which is the best option tax wise, given the car will be used for business purposes 80- 90% time? Thank you Gen.
A: Hi Mate,
speak with your accountant, but generally you can claim back the depreciation, interest, gst and running costs to the proportion of business use. with a new car you may find that you will have more depreciation to claim back than you would on a used one.
happy to have a chat with you if you like. i am a car finance broker and come across these scenarios all the time.
regards,
Tareq - 0410755009
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Q: Hi,
Self-employed and about to buy a new car – is it better to get a lease and finance the car or use the redraw on our home loan?
A: Hi Tim,
To re-iterate some of what has been said, speak to your accountant to see what best suits your situation.
If the vehicle is going to be used for predominently business use, then a chattel mortgage may be the option. Also speak to your accountant about claiming back the GST, running costs, depreciation and interest if you choose that option.
regards,
Tareq
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Q: i run my own business. I like cars and they are my golf membership! I buy 2-3 year old models and follow trade prices. i sell well & typically get close to what i paid (if not more) 12-18 months. have high deposits, 4-5 years & 40% residual. Extinguish within 18 mths. Use chattel mortgage. seeking a 2007-9 car, what options might exist for a little older car?
A: Hi Mate,
there are lenders that will do upto 20 years at the end of term but all the main lenders will be 12-13 years end of term.
on a chattel mortage, there genreally wont be exit charges with most lenders but a portion of the interest payable. happy to discuss further with you if you like. i have access to many lenders including, liberty, pepper, volkwagen finance, macquarie etc.
Tareq - 0410755009 or www.sbfin.com.au
