Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


MoneyHub publishes guide to NZ Vehicle Leasing

4 February 2020

MoneyHub has published a guide to car leasing designed to explain and compare vehicle lease options, as well as present a number of popular providers.

MoneyHub Senior Researcher Christopher Walsh said:

“In an effort to understand the variety of car leasing options, both operating and finance-based, our guide explains the pros and cons and obligations in detail. For anyone looking at a car lease or re-leasing, we’ve published a timely resource that helps to explain what’s most important”.

“For example, we’ve highlighted that maintenance packages will most likely exclude tyre replacement. And replacing four tyres can be costly, so it's important to ask what tyre package is available (and negotiate a better one if necessary). A set of tyres generally lasts around 40,000 km, so if you have a 90,000 km mileage lease, this could cost an extra $2,000+ in tyre costs. This makes the lease cost more expensive than the monthly commitment”.

“We want to make it clear there are GST differences depending on whether you take an operating lease or a finance lease. And for anyone in business, you can deduct the lease costs in the same way as their petrol costs, phone bill and marketing expenses. Ultimately an operating lease lets you drive a new car without losing money on depreciation”.

“We expect our detailed guide to vehicle leasing to be popular, and our research team will be updating the details on an ongoing basis”.

More: Vehicle Leasing


© Scoop Media

Business Headlines | Sci-Tech Headlines


NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>


SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>


Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>


Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>