FINANCE
Our experts can tailor a finance solution for any of the following:
New, Used or Commercial VehiclesBusiness EquipmentManufacturing Plant & MachineryAgricultural EquipmentRecreational Boats & Jet Skis
Our experienced Asset Finance Team can set up the right finance facility for you on competitive terms and pricing that will give you the flexibility and peace of mind.
The following are examples of finacial packages:
Chattel Mortgage
Best suited to business clients on a cash basis in order to claim full GST amount via BAS returnClient owns the asset and Lender takes security over goodsGST inclusive amount is financedDeposits or trade-in equity allowedInterest and depreciation generally tax deductibleBalloon payments may be included in structureInterest rate and payments are fixed for term of loanCommercial Hire Purchase
Best suited to business clients on an accrual basis for GST or clients not registered for GST, but have "business use" of an asset GST inclusive amount is financedDeposits or trade-in equity allowedInterest and depreciation generally tax deductibleClients on accruals method claim FULL GST amount via BAS vs clients on cash method who must claim GST on a prorate basis over term of contractBalloon payments may be included in structureInterest rate and payments are fixed for term of loan Finance Lease
Lender (Lessor) owns the assetClient (Lessee) rents the asset via a fixed paymentGST exclusive amount is financedNo deposits or trade-in equity allowedRentals are claimed by the client as a tax expenseGST is levied on rentals and claimed via BAS returnResidual values must meet ATO guidelinesClient indemnifies the lender for residual valueRentals and interest rate are fixed for term of lease Novated Lease
Used by PAYG applicants wishing to salary sacrifice the cost of owning and financing a car of their choiceDoes NOT have to be used for business or work purposes.Lender enters into finance lease with the client (employee)Client then enters into a novation agreement with their employerEmployer makes the rental payments to the lender via the client/employee's pre-tax salary and claims the deductionCredit decision is based on credit-worthiness of the client/employeeIf client leaves the employer, responsibility for the lease (including repayments) reverts to the clientResidual values set in accordance with ATO guidelinesClient indemnifies the lender for the residual valueOff balance sheet facility for employer Some of our preferred Lenders and Insurers:
Esanda, ANZ, Liberty Financial, Go Getta, NAB, Macquarie, Westpac, Commonwealth Bank, Yamaha Finance, Avea, Select Warranty and another 20 more lenders on hand to support all types of finance applicants.
The following are examples of finacial packages:
Chattel Mortgage
Best suited to business clients on a cash basis in order to claim full GST amount via BAS returnClient owns the asset and Lender takes security over goodsGST inclusive amount is financedDeposits or trade-in equity allowedInterest and depreciation generally tax deductibleBalloon payments may be included in structureInterest rate and payments are fixed for term of loanCommercial Hire Purchase
Best suited to business clients on an accrual basis for GST or clients not registered for GST, but have "business use" of an asset GST inclusive amount is financedDeposits or trade-in equity allowedInterest and depreciation generally tax deductibleClients on accruals method claim FULL GST amount via BAS vs clients on cash method who must claim GST on a prorate basis over term of contractBalloon payments may be included in structureInterest rate and payments are fixed for term of loan Finance Lease
Lender (Lessor) owns the assetClient (Lessee) rents the asset via a fixed paymentGST exclusive amount is financedNo deposits or trade-in equity allowedRentals are claimed by the client as a tax expenseGST is levied on rentals and claimed via BAS returnResidual values must meet ATO guidelinesClient indemnifies the lender for residual valueRentals and interest rate are fixed for term of lease Novated Lease
Used by PAYG applicants wishing to salary sacrifice the cost of owning and financing a car of their choiceDoes NOT have to be used for business or work purposes.Lender enters into finance lease with the client (employee)Client then enters into a novation agreement with their employerEmployer makes the rental payments to the lender via the client/employee's pre-tax salary and claims the deductionCredit decision is based on credit-worthiness of the client/employeeIf client leaves the employer, responsibility for the lease (including repayments) reverts to the clientResidual values set in accordance with ATO guidelinesClient indemnifies the lender for the residual valueOff balance sheet facility for employer Some of our preferred Lenders and Insurers:
Esanda, ANZ, Liberty Financial, Go Getta, NAB, Macquarie, Westpac, Commonwealth Bank, Yamaha Finance, Avea, Select Warranty and another 20 more lenders on hand to support all types of finance applicants.