Car Loan / Finance

Technology Hire Purchase
Technology Rental

Plant & Equipment Finance

Tailored made car finance / car loan solutions for your business needs.

Novated Leases

A Novated Lease is a three way agreement between:

Financier
Employer
Employee

The employee leases the vehicle of their choice for a fixed period of time. The employer then agrees to make the lease repayments whilst the employee remains in their employment. The repayments are deducted from the employees pre-tax salary, thus reducing taxable income.

Click here for more information on Novated Leases

Vehicle Leasing

Leasing is a very tax beneficial way to obtain vehicle finance. Lease is an arrangement between the finance company (the lessor) and the client (the lessee); whereby the finance company agree to rent a particular piece of equipment over generally a set term with a predetermined residual value.

The Lessor obtains legal ownership of the car to be leased, by paying the amount as advised on the supplier's invoice. The Lessee then has the use of the vehicle and pays rent for that use for the term of the finance lease agreement. During the term of the finance lease agreement, the Lessee merely pays rent and does not obtain ownership or equity in the vehicle they are leasing. Under a finance lease agreement, the Lessee is responsible for all maintenance and running costs, vehicle insurance and registration fees for the leased vehicle.

Finance Lease Benefits:

Terms from 1 to 5 years fully with a predetermined residual payment at the end;
Fixed interest rates and set monthly repayments;
No need for a deposit;
100% of the Finance Lease is claimable. Note FBT may be payable;
GST on the purchase price of the vehicle is claimed back by the finance provider on your behalf. This lowers the amount financed to the purchase price minus GST;
Customers registered for GST can claim the GST on the monthly finance lease payments;
Lower interest rates due to the finance lease being secured against the vehicle.

Chattel Mortgage

A Chattel Mortgage is an attractive financial option for businesses that use the "cash" method of accounting for the Goods and Services Tax (GST). Under the cash method, the GST component of the acquisition price of the motor vehicle can be claimed back on the entity's next Business Activity Statement, rather than claiming the GST over the term of the finance contract.

Chattel Mortgage features:

Fixed interest rate for the contract.
Balloon payment at the end of the contract is available to reduce monthly repayments if required.
No GST payable on the loan or repayments.
The loan can be repaid at any time during the term of the agreement.
The interest component of the payments and depreciation on the vehicle may be tax-deductible.

Commercial Hire Purchase

Commercial Hire Purchase is an agreement to purchase a vehicle over time for use in your business.

During the hiring period, the lender has security over the equipment, with you as the owner paying regular payments.

Commercial Hire Purchase features:

Fixed interest rate for the contract.
Balloon payment at the end of the contract is available to reduce monthly repayments if required.
No GST payable on the loan or repayments.
The loan can be repaid at any time during the term of the agreement.
The interest component of the payments and depreciation on the vehicle may be tax-deductible.

Fully Maintained Novated Lease - Individual

A Fully Maintained Novated Lease can be a tax effective way for your employees to lease a vehicle through their salary package.

Offering vehicle choice to employees will help attract and retain valued employees.

Your employees can roll all or some of the costs into a fixed monthly payment that is deducted from their salary; making novating a vehicle simple and easy to use for employers and employees.

Full FBT reporting direct to employees helps them track the kilometres travelled and manage your FBT liability. Drivers are issued FBT reporting six times per year.

A Novated Lease offers a host of employee benefits:

Maximise their take home salary
Total flexibility in choice – vehicle type and lease term
Fully budgeted lease, including projected fuel, maintenance, registration and insurance costs
Unlimited private use
Substantial GST savings

Fully Maintained Lease

If you prefer to avoid the hassle of managing costs and the ongoing maintenance of a fleet, a fully maintained operating lease is the simple solution. The benefits of this type of lease include specialised account management to reduce administration, one fixed monthly rental and better cost control. All with no residual risk, no maintenance risk and access to vehicle discounts from superior purchasing power.

Non Maintained Lease

If your business needs its own fleet, but you prefer to look after the maintenance and servicing in house, a non maintained operating lease is the ideal choice. A non maintained lease gives you many of the benefits of a fully maintained lease, with the control you require.

Commercial Fleet Leasing

Clients with heavy commercial fleets are assigned a Business Development Manager, who specialises in your industry sector. Understanding the industry demands placed on fleet operators means they can provide a unique service tailored to your needs.