Products Offered

Consumer Sale by Installment / Hire Purchase
The most common form of finance, Hire Purchase facilities are often associated with standard vehicle finance and involve over 80.00% of finance arrangements. They differ from a lease in that the vehicle becomes yours once the final repayment has been made to the lender. This means the vehicle is effectively owned by the lender until the final payment is made - the case in all finance circumstances. These payments are tax deductible for business purposes. You can also include a balloon or residual payment at the end of the loan to reduce your normal monthly repayment (ask your finance manager). You may also choose to include a deposit or trade in to reduce your borrowing amount and monthly repayment. These loans have a maximum of 60 months or 5 years.

Chattel Mortgage
This is essentially a loan that holds a charge over your purchased vehicle to be held as security. This is usually done only for business purposes after consultation with your account or taxation/financial adviser and those who operate under a cash accounting basis for GST purposes. Loan structures are set the same as a hire purchase facility.

Finance Lease
This is a formal lease where the vehicle is taken for an agreed term and amount. The vehicle is then returned at the conclusion of the rental term and the vehicle is also given a guaranteed value to reflect the pay out of the finance against the vehicle. The vehicle is owned by the finance company at all times, but the monthly lease payments are tax deductible for the business that holds the lease.

Company cars and novated leases
Novated leasing is popular with larger companies providing vehicles or incentives to employees but keeping the actual vehicle fleet owned by the company as small as possible. It is effectively an agreement between the employee, the company and the finance company over the purchase of a car. While the individual is employed by the company the payments are made to the finance company by the employer. However if the employee leaves their employment the responsibility of repayment returns to the individual. They are popular as it allows the employee to choose their own vehicle and the employer is not left with the Ownership or responsibility of repayments should the employee ever resign from their position - this finance should be discussed with your account or taxation/financial adviser before taking up.

Personal loans
As an additional service we are able to provide personal loans to those who purchase a motorized vehicle, boat or caravan privately and not through a dealership. We are also able to assist those who would like to consolidate debt or borrow funds for any other worthwhile purpose from $5,000.00 to $50,000.00. If you are interested, please download our brochure and application form and forward it for approval today.