CASE STUDY – Vacant land purchase
Vacant Land Purchase – the clients: Mr A and Mrs A (not their real names!) run their own individually successful
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A vehicle finance refers to a loan, usually secured against the vehicles (car, truck, ute, etc.) and is paid monthly over a term, usually between 3 and 7 years.
There are several options you can choose from for your vehicle finance, namely:
Nina and Carlos are opening a food truck business on the Sunshine Coast. They have little capital, so they need the monthly repayments to be minimal, at least in the first 2 years while they establish their business.
The total cost of the truck is $50,000.
Nina has a Permanent part time position and Carlos has 2 years of financials having worked for himself.
The truck was financed over 5 years with a 20% balloon payment at the end under a chattel mortgage. This allows lesser monthly payments of $823 per month (6% comparison rate), and a final repayment of $10,000 after 5 years. They opted for this balloon payment as they estimate this would be the residual value of the vehicle after 5 years. Legally they own the truck from Day 1 and so can make any modifications they desire.
The interest on the repayments are tax deductible and hence this proves a very manageable payment for Nina and Carlos.
Nina and Carlos are opening a food truck business on the Sunshine Coast. They have little capital, so they need the monthly repayments to be minimal, at least in the first 2 years while they establish their business.
The total cost of the truck is $50,000.
Nina has a Permanent part time position and Carlos has 2 years of financials having worked for himself.
The truck was financed over 5 years with a 20% balloon payment at the end under a chattel mortgage. This allows lesser monthly payments of $823 per month (6% comparison rate), and a final repayment of $10,000 after 5 years. They opted for this balloon payment as they estimate this would be the residual value of the vehicle after 5 years. Legally they own the truck from Day 1 and so can make any modifications they desire.
The interest on the repayments are tax deductible and hence this proves a very manageable payment for Nina and Carlos.
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Vacant Land Purchase – the clients: Mr A and Mrs A (not their real names!) run their own individually successful
Na Austrália, a compra de uma casa é um dos maiores passos financeiros que a maioria das pessoas dará em
En Australia, la compra de una vivienda es uno de los mayores pasos financieros que la mayoría de las personas
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