Equipment finance can help grow your business and gain an edge over your competitors
Equipment finance can help grow your business and gain an edge over your competitors
Hire Purchase
Chattel Mortgage
Lease
Novated Lease
Hire Purchase
Hire Purchase is a valuable option for businesses when it comes to buying company cars or business vehicles.
A Hire Purchase arrangement is an agreement to purchase a vehicle subject to payment terms. During the term of the agreement, the financier owns the car or vehicle, and ownership is automatically transferred to you when you make the final payment. It’s like hiring a car for a certain period of time, then keeping it at the end.
The advantage is that there is no need for a deposit, and the arrangement differs to a regular car loan as you can claim interest and depreciation as a tax deduction.
Our knowledgeable brokers will help you with finer details of Hire Purchase arrangements.
Chattel Mortgage
A Chattel Mortgage, also known as a Bill of Sale or Equipment Loan, is available to businesses that use vehicles for business use more than 50% of the time. It is a loan agreement where you borrow funds to acquire an asset, and provide security in the form of a mortgage.
With a Chattel Mortgage, you generally don’t need a deposit, repayments can be tailored, you don’t pay GST, and the interest and depreciation is tax deductible.
Speak to one of our brokers about a Chattel Mortgage for your business that can be applied to a variety of assets.
Chattel Mortgage
A Chattel Mortgage, also known as a Bill of Sale or Equipment Loan, is available to businesses that use vehicles for business use more than 50% of the time. It is a loan agreement where you borrow funds to acquire an asset, and provide security in the form of a mortgage.
With a Chattel Mortgage, you generally don’t need a deposit, repayments can be tailored, you don’t pay GST, and the interest and depreciation is tax deductible.
Speak to one of our brokers about a Chattel Mortgage for your business that can be applied to a variety of assets.
Lease
When you lease a vehicle for business purposes, the financier purchases the vehicle and then leases it to you. You can use the vehicle for an agreed period of time in return for rental repayments.
Under a lease arrangement, you preserve your working capital with 100% financing. If you use the vehicle to generate an income, the rental payments are tax deductible, and you may be entitled to claim an input tax credit.
With a range of leasing arrangements available, speaking to a broker today will give you more options and a better financing deal.
Novated Lease
A Novated Lease is a clever financial option for employees who have the option of receiving a vehicle as part of a salary package with their employer.
In this situation, the employer pays all rental payments and the employee enjoys full use of the vehicle. The employer chooses the type of vehicle and the employee novates the lease to their employer. The employee remains the registered owner of the vehicle throughout the lease and keeps effective control of the car or vehicle at all times.
If the employee leaves the company, the vehicle remains with the employee, so the employer is not left with an unwanted vehicle.
Novated Leases can be applied to a fleet of vehicles or a single car.
Novated Lease
A Novated Lease is a clever financial option for employees who have the option of receiving a vehicle as part of a salary package with their employer.
In this situation, the employer pays all rental payments and the employee enjoys full use of the vehicle. The employer chooses the type of vehicle and the employee novates the lease to their employer. The employee remains the registered owner of the vehicle throughout the lease and keeps effective control of the car or vehicle at all times.
If the employee leaves the company, the vehicle remains with the employee, so the employer is not left with an unwanted vehicle.
Novated Leases can be applied to a fleet of vehicles or a single car.
WHY CHOOSE
Central Coast Home Loans
Complimentary
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Simplicity
Our services save you a huge amount of time, hassle and stress. We do all the research, comparisons, and calculations to present you with the best deals available specific to your needs. We explain everything in a way you’ll understand so you’ll feel confident in making an informed decision about your future.
Certainty
Our advice can be trusted. We value the reputation we’ve built, and love nothing more than seeing you secure the best possible deal for your financial and lifestyle needs. Our team of Directors have years of experience and expertise in the financial industry, and tailor their advice to best suit your needs.