When considering finance for your vehicle the following options are available. We do recommend that you consult your accountant about which option suits your business/personal interests the best.
Available for companies and business professionals to buy business goods such as motor vehicles, motorbikes and boats. A hire purchase arrangement is an agreement to purchase vehicles subject to payment terms. During the term of the agreement, the financier owns the vehicle. Ownership is automatically transferred to you when you make the final payment.
Download application for hire purchase here, or phone us today on (02) 4365 5899.
Available for companies and business professionals to buy business goods such as motor vehicles, motorbikes and boats which are for business use more than 50% of the time. It is a loan agreement where you borrow funds to acquire an asset. You provide security for the loan by way of a mortgage to the Bank over the asset financed.
Download application for chattel mortgage here, or phone us today on (02) 4365 5899.
Financier purchases the vehicle you require and then leases the goods to you. You then enjoy the use of the vehicle for an agreed time in return for rental payments.
Download application for lease here, or phone us today on (02) 4365 5899.
For employees who have the option of receiving a car as part of their salary package. The employer pays all rental payments to the financier and the employee enjoys full use of the motor vehicle. The employee chooses a car and leases it from the financier. The employee then novates the lease to their employer, who assumes some of the employee's rights and obligations under the lease, including responsibility of meeting the lease rentals. The contract is in the name of the employee who remains the registered owner throughout the lease and keeps effective control of the vehicle at all times. If the employee leaves the compnay,the vehicle remains with the employee. In this situation generally the employee takes over the payments or gets another employer to make the payments. This means the original employer is not left with and unwanted car and the employee keeps the vehicle.
Download application for novated lease here, or phone us today on (02) 4365 5899.