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Australasian Business Intelligence, July, 2002
Jul 04, 2002 (BRW
ABIX via COMTEX) -- More automobile finance options are available for Australian consumers in 2002. For incorporating a car loan into a salary package, the most common format is a novated lease, where regular payments are made by the employer and then deducted from the employee's salary. Consumers are also moving to finance a car purchase through mortgage loan facilities. Consumer residual personal loans are a further alternative. The communications manager for General Motors Acceptance Corporation in Australia, Brad Nagle, says that many car dealerships offer residual loan options. General Motors Acceptance offers financing through Suzuki dealerships, Subaru dealerships, Saab dealerships and Holden dealerships.
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