Finance rate ?

[Gladbach]

Yes using the home loan is a great option, if you have a home loan and you are able to draw some equity out of it.

A novated lease is an even better option if you're able to get it though work.

I've looked at a novated lease before (am entitled) but I don't do enough business related km's to make it worthwhile, just end up getting hit with FBT.

[Gladbach]

Home loan options work if the buyer is diligent and ups their repayments to knock it off in the required time - if not can be a good idea to take out a supplementary loan; still same rate but at least they can treat it is a car loan. Given your mortgage these days should be in the 3s it's a good option particularly if you can't access the business products.
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I'm my case, I'm literally withdrawing funds from my offset account, not redrawing from the homeloan.

[Dutch77]

I'm my case, I'm literally withdrawing funds from my offset account, not redrawing from the homeloan.

Always a good way to go - sorry my comment I guess was also aimed more generally. Although offset funds are ultimately equity, so the same rules could be applied.

[Tuan]

I've looked at a novated lease before (am entitled) but I don't do enough business related km's to make it worthwhile, just end up getting hit with FBT.

The rules are now that FBT is a flat 20% using the statutory method (not operating cost method) i.e. the stat method does not take into account business use.

[Dutch77]

The rules are now that FBT is a flat 20% using the statutory method (not operating cost method) i.e. the stat method does not take into account business use.

Correct - the idea is (in simple terms) you use a pay deduction to reimburse/offset the FBT that would be payable on the balance and for cheaper cars you can usually finish ahead. The higher up you go the worse it gets, especially once you crack the luxury car threshold. But always best to analyse it and speak to someone who knows if you don't.

[Tuan]

The OP has many finance options now

[Dutch77]

The OP has many finance options now

No excuse not to get that new Tig now.

[Vwvw1212]

The only way to compare finance is to look at the monthly/fortnightly repayments over the same period.

It doesn't hurt to get a quote. I've found the dealer finance is often pretty competitive.

Great advice. I am a mortgage broker so know a bit about this area don't worry much about the rate 4% or 4.5% doesn't make much difference with a small car loan mostly few dollars a month. The fees are what counts and could end up $500/$1000 etc so look at application fee, any dealer fees and setup fees these can be all waived. As for warranty and insurance, back at my BMW finance days there was 100% markup so $2000 extended warranty really only is $1000. Too much room to negotiate!

[Transporter]

The only way to compare finance is to look at the monthly/fortnightly repayments over the same period.

It doesn't hurt to get a quote. I've found the dealer finance is often pretty competitive.

...or the total amount repaid.

[Pzero]

Hi guys, I'm wondering for those who got vw finance for the Tiguan in 2017, what rates were you offered? Especially interested in Sydney based purchases.