Finance

Our experts can tailor a finance solution for any of the following:

• New, Used or Commercial Vehicles
• Business Equipment
• Manufacturing Plant & Machinery
• Agricultural Equipment
• Recreational 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 return
• Client owns the asset and Lender takes security over goods
• GST inclusive amount is financed
• Deposits or trade-in equity allowed
• Interest and depreciation generally tax deductible
• Balloon payments may be included in structure
• Interest rate and payments are fixed for term of loan

Commercial 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 financed
• Deposits or trade-in equity allowed
• Interest and depreciation generally tax deductible
• Clients 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 contract
• Balloon payments may be included in structure
• Interest rate and payments are fixed for term of loan

Finance Lease

• Lender (Lessor) owns the asset
• Client (Lessee) rents the asset via a fixed payment
• GST exclusive amount is financed
• No deposits or trade-in equity allowed
• Rentals are claimed by the client as a tax expense
• GST is levied on rentals and claimed via BAS return
• Residual values must meet ATO guidelines
• Client indemnifies the lender for residual value
• Rentals 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 choice
• Does 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 employer
• Employer makes the rental payments to the lender via the client/employee's pre-tax salary and claims the deduction
• Credit decision is based on credit-worthiness of the client/employee
• If client leaves the employer, responsibility for the lease (including repayments) reverts to the client
• Residual values set in accordance with ATO guidelines
• Client indemnifies the lender for the residual value
• Off 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.