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Insurance....merged Topic....


Mondie

Insurance companies...  

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  • Flower Power
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  • Member For: 21y 5m 9d
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  • Location: Sydney

DZ, I just got off the phone with Prosperion, this deal sounds awesome! I love it, never heard anything better.

Thanks heaps for that! :)

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  • The Noble Leader
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  • Member For: 21y 5m 7d
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  • Location: Sydney Australia
DZ, I just got off the phone with Prosperion, this deal sounds awesome! I love it, never heard anything better.

Thanks heaps for that! :)

Whats the deal with them? It looks pretty good.

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Guest DZ.
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If you're company does Novated Leasing you basically do a thing where part of your loan/lease payments and all of your car expenses are paid for with pre-tax dollars - tyres, fuel, insurance, registration etc.

From the tax office's perspective, your employer is leasing the car. From your employer's perspective, they are increasing your salary without having to pay you anymore cash by giving you tax deductions you would otherwise not be entitled to, while lowering their payroll tax bill.

From Prosperion's view, they take a management fee and commissions on the services they provide - three way win win situation. If you purchase the car through them you can also get Fleet discount deals I believe.

It's a bit more complex than that - there's a Fringe Benefits thing that has to be considered but for the majority of people, particularly those on higher incomes you usually end up with more cash in your pocket - or a car you couldn't otherwise afford.

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  • SLOJAM, Gone but not forgotten
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  • Member For: 21y 5m 8d
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  • Location: Outer east - Melbourne

I've started a new thread in the chit chat section dedicated to leasing

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  • 1 month later...
  • Bored Member
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  • Member For: 21y 4m 5d
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  • Location: Dé·jà vu

Draggin an old topic back up:

Got a few quotes today.

Rating 1

32 year old driver.

AAMI - $817.00 (dont have monthly payments :cry: )

Ford Insure - $867.17 (same as above.....)

RACV - $875.68 - $79.63 a month (+ join the club $50 i think) <- ranking no.1 so far with me. :yes:

Suncorp Metway - $901.85

CGU - $1204.00

and a long shot my current insurer:

Shannon's - $1400.00 :rolleyes:

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