Buying a Car

There is nothing like getting a new car or upgrading, that new car smell! We have helped hundreds of clients get the right solution for their finance needs. Whether your car is for business or pleasure we will provide you with the most competitive finance to secure your next purchase. We have a wide range of solutions and low rates for you.

Vehicle Finance

A secured loan or sometimes referred to consumer loan or car loan, is mostly for personal use but can also be tax deductable if it is for business use. The finance company lends you your funds to purchase your vehicle and then secures the loan against the vehicle.
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Commercial / Car Lease

If you use your vehicle for more than 50% a Lease may be an option for you. Under a lease agreement the financier purchases the vehicle and you lease the vehicle back from the financier by paying a fixed monthly payment for the term. You acquire the vehicle one payment at a time until the last payment (residual) is paid. At the end of the term you have the option to buy the car, trade it in for a newer model, or extend the lease agreement.

Chattel Mortgage

A Chattel Mortgage is a commercial product, so if you use your vehicle for more than 50% business use, you are eligible. A Chattel Mortgage works by the financier providing the funds to you for the purchase. The finance company take a mortgage/ charge over the vehicle as security and you have ownership at the time of purchase. When your finance term finished the charge is removed and the vehicle is yours outright.

Novated Leasing

Salary packaging and Novated Leasing go hand in hand.

A Novated Lease (fully maintained) allows the employer to deduct a portion of the entire vehicle expenses out of the employee’s Pre-Tax income. Paying for a vehicle this way results in reducing your taxable income and consequently decreases the amount of tax that you pay. Substantial savings can be achieved by acquiring and operating a vehicle using pre-tax income.

The savings on tax effectively means that a Novated Lease can be one of the cheapest and smartest ways to own and operate a vehicle. In most cases it is cheaper than paying cash for the car.

Note: Calculators are illustrative only – we assess your borrowing capacity based on your current financial position. Apply now to receive accurate information.