About North Esk River Vineyard

Located in picturesque Relbia just south of Launceston, Tasmania on the banks of the North Esk River, this local family owned and operated vineyard is a member of the Tamar Valley Wine Route and producer of many award winning wines.

Wine varieties include Pinot Noir, Cabernet/Merlot, a vintage Sparkling Pinot/Chardonnay, Chardonnay (oaked and unoaked), Riesling, Sauvignon Blanc, Pinot Gris and Noble Late Harvest.

Our cellar door times vary during the seasons. For the most up-to-date times check out The Cellar Door. Wines can also be tasted and purchased Saturday mornings between 8:30am and 12:30pm at the Harvest Market, Launceston.

Novated Lease

Novated Lease

This is a vehicle agreement between three parties. The parties include the owner of the car, the finance company, and the employer. The arrangement is also known as the salary sacrifice or the salary packaging. It is called the salary sacrifice because the owner of the vehicle has to sacrifice part of their income salary to repay the car through the employer. The organization takes care of any agreed cost and other related expenses. This depends on the terms of employment. The employer pays the monthly lease agreement of the car to the finance company by taxing the pre-salary of the owner of the vehicle when they enter into this agreement.

There are two types of the agreement. This includes the fully maintained agreement and the non-fully maintained agreement. Some companies offer only one, but others give the owner a choice to select one. A fully maintained agreement is one where all finance payments and the running costs are included. The non-fully maintained agreement is where the owner of the car takes care of the maintenance and operating expenses.

It is effortless to purchase the vehicle using novated lease because it involves a short process. The buyer selects the vehicle of their choice. They then check the quotation that is provided and confirm if the costs have been included in the running costs and finance payments. The three parties later finalize the agreement. The employer takes care of every cost needed. The car is then delivered to the owner.

A Novated Lease Stratton agreement helps the owner of the vehicle to save the monthly disposable income because the employer is the one who will experience deduction from their monthly salary. It is advantageous than repaying the car using the post-tax salary. The owner eventually saves a lot of money because it is only the income tax that is calculated on the salary. The owner is also in a position to choose the type of vehicle that they wish to drive without any restrictions. They are then allowed to subscribe to the novated lease between the finance car company and the employer.

This also benefits the employee because the car belongs to them. There are no restrictions on who will be driving the car or using it all the time. The Novated lease is also very flexible such that the novation is made between the new employer and the finance company when the employee changes the work of employment. The repayments are also fixed. Any other profit that is realized at the end of the agreement is tax-free. The leasing terms are also flexible. They normally range between one year and five years. This depends on the monthly income salary of the employee.

The Novated lease benefits the employer because there is a significant assistance to their business with less or no cost. The company is held accordingly for any damages on the vehicle. The agreement becomes the balance sheet to the employer whenever the employee loses the job or changes the place of work. This means that the payment is neither an asset nor a liability. It also reduces the employee’s extra costs including the premiums and the payroll tax. The agreement is left to the financier and the owner if they lose a job involuntarily. The owner has the option of paying monthly installments on the car or selling it and covering the remaining amount.

There is a unique formula that is used in the calculation of the fringe benefits of the novated lease. The statutory formula is used. Factors that are usually considered include the base value of the car, the percentage of the regulatory, the total days that the vehicle is used by the owner, the current rates, and the gross up. The salary packaging of the employee is deducted along with the running costs of the car when the fringe benefits are calculated. The kilometers that are covered by the car on a daily basis should be accurate. The individual should find a good leasing company that works in close collaboration with the two parties in order to find the best solutions on how they can manage the cars. The employers should make it easy for the employees to transfer the costs across even if the novated lease still exist.

Biggest Car Finance Mistakes

Biggest Car Finance Mistakes That Borrowers Make

The thought of getting into that new vehicle that you just test drove is itching at you. This can lead to overzealous decision making that can affect your financial future if you are not careful. Be sure to read on below to discover the top car finance mistakes that most people make so that you can avoid them when you get to the dealership.

1.) Negotiating Payments Vs. The Purchase Price 

You need to think in terms of the long-run when it comes to car finance. You should be trying to get an overall low price as opposed to getting a lower monthly price that ends up totaling up to more money in the future. When you go to the dealership, focus on negotiating the cost of the vehicle and don’t tell the salesman the monthly payment amount you can afford. Once they know what monthly payment amount you are comfortable with, they will likely try to talk you into add-ons and extending the term of the loan.

2.) Not Knowing Your Credit Score

Car Finance Stratton options are all about your credit score. Your credit score is a reflection of your financial management abilities. Those with higher scores tend to get better rates because they are at a much lower risk of default on a loan than those individuals with a poor credit score.

You should look up your credit score before ever setting foot inside of the dealership. Know where you range on the credit score index. Attempt to get some preliminary quotes from outside lenders so you can get an idea of the interest rate they will offer you. When you go to the dealership and they start throwing out car finance rates, you can check to ensure they align with your previous car finance research.

3.) Opting For Zero Introductory APR Over The Cash Rebate Offer

There’s just something about hearing zero interest that makes us all want to say yes. The problem is that this lower introductory period is not always the best decision in financial terms. The only way you are going to know whether the zero introductory APR car finance option or the cash rebate option is right for you is to run the numbers.

When a dealership throws out these options don’t be afraid to pull out your calculator and do the math. You don’t need to be rushed to sign anything. You should be calculating the amount of interest you would owe during the introductory period had that been at your regular interest rate for the car finance loan.

Total up the would-be interest payments for the introductory period and compare that number to the rebate amount. If they are more than the rebate, stick with the zero APR option. If they are less than the rebate, go with the rebate option as you will save more money over the life of the entire loan.

These are just a few of the mistakes that borrowers tend to make with purchasing a new vehicle. You should be careful to avoid all of these mistakes to ensure you always get the best rate possible.

Finding a Car Loan

How to Experience Success in Finding a Car Loan

It seems like more people are debt-hungry in today’s world than ever before. Many people bite off more than they can chew, living above their means. They take out expensive mortgages on homes, put many transactions on credit cards, and take out car loans on pricey, new or near-new vehicles. However, although uncommon, it’s possible for some to responsibly take out a car loan.

People who aren’t cash-strapped might not be able to afford the cash purchase of a vehicle, instead opting for a car loan. Vehicles are needed for virtually every day-to-day function, especially for those who live in rural areas.

Whether you plan on being responsible in taking out a car loan, or not, here are several ways to find successful terms on your upcoming car loan agreement.

Shop as many dealerships as possible

No matter how good a deal one dealership can provide to you, it’s a good idea to shop around at as many dealerships as possible. Many consumers trust the largest dealerships around to provide them good deals on vehicles. However, you’ll never know if other dealers have better deals if you don’t try.

Take written estimates from dealerships and banks

It’s often difficult to negotiate favorable car loan terms with dealerships without having proof of what other sources can provide. Get hard copies of offers that various car dealers can offer you, rather than simply writing them down yourself. Also, ask them if they can provide you printed estimates, rather than them writing it down by hand. For all that other dealers know, hand-written estimates could have been written yourself, rather than obtaining them legitimately. Like Car Loans www.strattonfinance.com.au/car-finance/options/car-loan.aspx

Contact financial institutions to find a good car loan

Places that sell cars usually have agreements with specific banks to provide financing agreements. When you limit yourself to only one financier, you forego deals that other banks can provide. Contact financial institutions directly — and don’t forget to shop around — to find what car loan terms they offer.

Don’t be too concerned about monthly payments

Not everybody has gobs of cash to throw around on vehicles — and that’s fine. However, some consumers with financed items care more about minimum monthly payments than total value. It’s more important to weigh the entire agreement’s cost in deciding where to sign a vehicle loan agreement, as it will likely save you more in the long run.

Boost your credit score

Consumers with low credit scores get less favorable loan terms than people with high scores. If you have a low credit score, spend a few months raising it before going car shopping.

on’t let dealerships or banks perform many hard inquiries

Hard inquiries, or when banks and car dealers look at your credit score, reflect negatively on your ever-sensitive credit score. Only sign up for car loans after you’ve decided where to purchase one, as asking multiple businesses for financing agreements will likely make your credit score plummet.