Leases
NEW “No Doc” Vehicle Finance
Commercial / Business Use Only!
* Up to $70,000 per vehicle / Max. Exposure $150,000
* Commercial Vehicles up to 3 tonnes
* Vehicles up to 4 years of age – Private Sales Okay !!!
* Minimum 2 Years ABN/GST Registration
* Minimum Equity In real Estate of $100,000
* No Doc Declaration Only – No BAS, No Trading Statements, etc.
* Interest Rates – Mid to High 7%’s
Standard Commercial Vehicle Finance
Take delivery of your vehicle or equipment in a matter of days !!!
* Choose from 3 products - finance lease, commercial loan (chattel mortgage) and commercial hire purchase
* Take advantage of potential tax benefits1
* Negotiate a repayment structure that suits your budget
* Flexible repayment terms of 1 to 5 years
* Finance lease and commercial hire purchase payments are fixed. Commercial loan is based on a fixed rate, meaning you’re protected from movements in interest rates
There are 3 different vehicle and equipment finance products.
For all 3 finance options:
* Minimum finance amount is $15,000
* Term can be from 1 to 5 years
* Finance lease and commercial hire purchase payments are fixed. A commercial loan (chattel mortgage) is based on a fixed rate
* Revolving limit is available
* Balloon (for commercial loan) or residual value (for commercial hire purchase or finance lease) is available.
| Finance Lease | Commercial Loan | Commercial Hire Purchase | |
|---|---|---|---|
| What is it? | We purchase the asset at your request and rent it to you for an agreed period. | You source and own the asset and we provide a loan secured by the asset. | We purchase the asset at your request and you buy it from us in instalments. |
| Who owns the asset? | We do and you rent it from us. | You do and we hold it as security. | We do until the agreement has been paid when ownership is transferred to you. |
| What is the potential tax benefit1? | The rental payments are generally tax deductible1. | The interest on the finance and depreciation of the asset are generally both tax deductible1. | The interest on the finance and depreciation of the asset are generally both tax deductible1. |
Things you should know:
Any application for finance will be subject to the Lender’s normal lending criteria.
* 1.The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Customers must seek their own independent tax advice in relation to their individual circumstances.
