![]() The Material is assembled from information which includes information prepared by the Macquarie Group or its related bodies corporate but may not include information made known to the Macquarie Group’s officers. The Material is not intended as an offer or solicitation, or as the basis for any contract, for the purchase or sale of any security, loan or other instrument. While Macquarie Group provides the information in good faith and derived from sources believed to be reliable, Macquarie Group does not represent or warrant the completeness, reliability, accuracy, timeliness or fitness for any purpose of any of the material it accepts no responsibility for the accuracy, completeness or timeliness of the information. Past performance is not a guarantee of future results. No representation or warranty is made that any indicative performance or return indicated will be achieved in the future. The assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such quotations, disclosure or analyses. Opinions, estimates and other information in the Material may be changed or withdrawn without notice.Īny indicative price quotations, disclosure materials or analyses have been prepared on assumptions and parameters that reflect good faith determinations by us and do not constitute advice by us. The Macquarie Group may not, and has no obligation to, update the Material or correct any inaccuracy which subsequently becomes apparent. However, the Macquarie Group has not verified all of the Material, which may not be complete or accurate for your purposes. The Material is provided in good faith and has been derived from sources believed to be reliable and accurate at the date indicated. Basis Of Provision Of Material – Use At Your Own Risk The information contained therein is not an offer or solicitation for the purchase of securities, units or investments (regardless it appears on any indicative termsheet or elsewhere), unless expressly stated otherwise. persons or residents of the United States or other countries. The information on this Internet site is directed and available to residents of Hong Kong only, and is not directed to any U.S. The information on this site is subject to change without notice and, accordingly, the Macquarie Group recommends that you make direct contact with Macquarie Group staff for further information of the Group. You may access to this website: for information of MBL (including annual report). and is regulated by Australian Prudential Regulation. The residual value is calculated by multiplying the cost of the vehicle by the applicable percentage according to your lease term.This web site is operated by and on behalf of Macquarie Group Limited (ABN 94 122 169 279) ("Macquarie") and its related bodies corporate (the "Macquarie Group").Īs an affiliate of the Macquarie Group, Macquarie Bank Limited ABN 46 008 583 542 (“MBL”) is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The residual value is set by the Australian Tax Office and is shown in the scale below. As such, vehicles usually sell for more than the residual value. The ATO minimum is generally a very liberal value, when compared to most sales values of vehicles at lease end. The intent of the Residual Value is to reflect a likely market value at the end of the lease term. The ATO provide a scale of Residual Value ‘minimums’ (these are not set in stone in fact). The residual value, also known as a balloon payment, is the payment required by the Australian Tax Office at the end of a novated lease term. The key fact to understand here is that the Australian Tax Office set the residual guidelines for all vehicle and asset leasing in Australia. When customers reach out to us for a quote, we are often asked “‘Why does my novated lease have a residual?”.Ī novated lease has to have a residual value at the end of the lease due to the Australian Tax Office (ATO) based legislation. You will enjoy great fleet discounts, GST savings and a reduced taxable income, along with the convenience of a single payment for all vehicle expenses. Novated leasing is a salary sacrifice arrangement, which means your vehicle and associated running costs are bundled into a single payment, which is deducted from your pre-tax salary. Customers can take out a personal loan, take out a car loan, or pay cash, but many Australian drivers are enjoying the bigger savings and getting into their next vehicle with a novated lease.įor buyers looking to smooth their budget and save on tax, novated leasing is a great alternative. When it comes to purchasing a car, customers are spoilt for choice in the way that they can purchase. ![]()
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