Car Finance and Car Loans

Luxury Car Tax does not apply to your car finance when you buy a car above the LCT threshold if:

* it was sold by a retail sale in Australia before 1 July 2000
* it was imported into Australia before 1 July 2000 and nobody was entitled to quote for
sales tax purposes
* there was an application to own use (AOU) of the car before 1 July 2000 for sales tax
purposes, and a special credit under section 16 of the GST Transition Act does not apply
* the date of the supply of the car is more than two years after the date of the car’s local
manufacture or date of entry for home consumption
* it is a prescribed emergency vehicle
* it is not GST-free and is specially fitted out for transporting disabled people seated in
wheelchairs
* it is a motor home or campervan, or
* it is a commercial vehicle that is not designed for the principal purpose of carrying
passengers
* LCT does not apply to a private sale of a luxury car

What is a commercial vehicle?
A commercial vehicle is a motor vehicle designed principally for carrying goods.

In today’s car finance market we find more and more people are choosing to utilise a car finance broker to get the best motor finance deal available when they are searching for a personal car loan.

In times passed, we had found that car buyers would just turn to their bank or arrange dealer car finance.

We now find that more than ever before, car buyers are turning to finance brokers to assist with arranging their new car finance and used car finance. Car finance brokers are affiliated with many different lenders including banks and finance companies. As such a car finance broker is able to quickly and easily locate the most cost effective personal car loan for you.

The advantage of seeking a broker when searching for a personal loan is that you don’t have to waste your own time running around looking for the cheapest car loan interest rates.

A finance broker has access to the best available personal car loan deals to give you the best car finance options and car loan products available in the marketplace.