scubacam Posted February 29, 2020 Share Posted February 29, 2020 Hi all.We’ll be making our move by May hopefully. We are a family of 4 so will need a car and we’re campers so ideally a big family car. How have people found getting finance or leasing with no history out there ? Quote Link to comment Share on other sites More sharing options...
Marisawright Posted February 29, 2020 Share Posted February 29, 2020 (edited) Credit rating isn't nearly so important in Australia so it should be easier. A couple of things to consider, though. I've never leased a car in the UK but in Australia, leasing is generally a very expensive way of owning a car - you pay an awful lot more than the outright purchase price by the end of the lease. You'd be much better off settling for a second-hand car and getting a car loan from your bank. The exception of that is if your employer is willing to let you salary sacrifice to lease a car through work. It's called a Novated Lease and if the company allows it, they'll put you in touch with a company that organises it. There are major tax benefits to leasing a car that way, provided you do more than 10,000 km a year, and it will work out cheaper than buying a new car direct. There's another good reason to choose one of those options rather than getting a lease on your own.. If you take a lease and for some reason, you have to move back to the UK, you won't be able to sell the car - and yet, you'll remain liable for the ongoing payments to the end of the lease. No one moves to Australia with the expectation of going home again, but you never know what the future holds - so best to set yourself up so you're flexible. Edited February 29, 2020 by Marisawright Quote Link to comment Share on other sites More sharing options...
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