Should You Get a Full Doc or Low Doc Car Loan?
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
When it comes to financing your new car it’s possible to use either a low-doc car loan or a full-doc car loan.
As the name suggests, low-doc loans require less documentation but have some other costs involved, while full-doc
loans might take longer, but work out cheaper. Each has its own set of advantages and disadvantages:
Low-doc car loans - Advantages
With our in-house mortgage broking division we bridge the gap between the countless phone calls and
emails between lender and accountant making your refinancing and borrowing much less stressful.
Low-doc car loans - Disadvantages
Full-doc car loans - Advantages
Full-doc car loans - Disadvantages
When looking for a car loan, it’s important that you assess your situation and know what your options look like. If you’re not sure
where you stand, it’s best to speak to a finance broker who can examine your loan requirements and compare your options.
WEBINAR 25 SEPT // 12PM
The final session focuses on the changing legal environment, highlighting recent amendments to the Fair Work Act, capturing independent
contractors under workers' compensation schemes, payroll tax considerations, superannuation compliance, and practical steps to mitigate
risks.
WEBINAR 11 SEPT // 12PM
In the third session, we'll delve into superannuation guarantee changes, including proposed changes to payday superannuation, new rates and
bases, and the impact on SG liability. Gain insights into employer deductions, termination of employment considerations and more.
WEBINAR 4 SEPT // 12PM
Master allowances and reimbursements, understand their PAYG and super guarantee implications, and learn to navigate travel vs.
living-away-from-home allowances. Gain insights into FBT considerations, new ATO record-keeping requirements, and effective salary packaging
arrangements.