A commercial car finance product where the vehicle is used predominately for business purposes (more than 50%) for business purposes.
Benefits of a Chattel Mortgage include:
- Fixed interest rate
- Trade in and deposit options
- Possible GST Savings (Ask your Accountant)
The financier purchases the equipment on behalf of the customer, who then pays the financier a fixed monthly lease rental for the term of the lease.
Benefits of a Finance Lease include:
- Tax deductions for the lease payments can be claimed
- A residual is applied to a lease, lowering monthly payments
- Your equipment does not sit “on your books” as an asset/liability
Low Doc Loans
Haven’t completed your Tax Return or still finalising your accounts? If you are a business or Sole Trader looking to purchase a car, we have a number of Low Doc options that make organising finance quick, easy and hassle free.
Benefits of Low Doc Loans include:
- Less documents required
- Private and Dealer Purchases
- Flexible, efficient loan option for your business