Insurance....merged Topic....

[Cro]

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

Thanks heaps for that!

[Guest DZ.]

Happy to help :D

Now if only my company would allow salary packaging!

[CJF077]

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.

[Guest DZ.]

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.

[BAXR6T]

RACV $745

31YO Rating 1 NCB

:D B)

[richdave]

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

[Dagabond]

Draggin an old topic back up:

Got a few quotes today.

Rating 1

32 year old driver.

AAMI - $817.00 (dont have monthly payments )

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.

Suncorp Metway - $901.85

CGU - $1204.00

and a long shot my current insurer:

Shannon's - $1400.00

[Superoo]

Nice numbers from where I stand but your location no doubt helps.

[AMoffat]

The cheapest of the main players I could find was AAMI at $790. I'm 40, country address, 60% NCB with one claim in the last five years.

[cvanxr]

NRMA $900 approx. Probably cheaper with our fleet discount. That was just with my basic details. Our finance dept sorts out that stuff. I just drive em. B)