Fringe Benefits Tax (FBT)
FBT is a tax applied to employers who provide their employees with fringe benefits such as a vehicle as part of their salary package.
A fringe benefit can help reduce the employee's income tax by reducing their salary. Though the employer is responsible for paying FBT, many will recover it from their employee as part of the packaging arrangement.
Personal Property Security Register - PPSR
A register where Volkswagen Financial Services records its security interest against vehicles we are financing. The PPSR replaced REVS and other security registers in January 2012.
The amount of money you’ve borrowed.
Principal & Interest (P&I)
Repayments that cover the interest charge and reduce the principal.
A state government tax on a finance contract. As of June 30 2012, New South Wales is the only state that charges stamp duty on a goods mortgage including automotive finance contracts.
Where the payments for your Lease, Novated Lease, Hire Purchase or Chattel Mortgage are structured. For example, you make one payment in the first month, then none for six months and then regular monthly repayments after that. Structured asset finance may offer you tax savings.