Discounted cheap car loans with low repayments. We provide loans through all the major lenders such as ge, esanda, liberty. Both business and consumer loans, chattel morgage, hp and leasing finance at best rates.
Personal Loan
Consumer Loans can be obtained for buying a car and generally it is a variable rate loan. The lenders will allow the costs of stamp duty, registration and insurance to be included in the loan. Similar loans can be obtained for personal use such as for wedding expenses or for an overseas trip.
Low Doc Loans
For self-employed with ABN, however, they don't need to have recent tax returns to prove their income. These loans are can be used for purchasing vehicles either for personal or business use. They have to provide evidence of assets and make a declaration on their ability to service the loan. We can quickly find the right lender for you.
Chattel Mortgage
Chattel Mortgage the lender finances the purchase of the vehicle and the vehicle is used as the security for the lenders loan and so allows the owner (borrower) of the car to claim GST on the purchase and interest and depreciation(up to the luxury car tax threshold)among other expenses to keep it on the road. At the end of the term, if there is a residual the options available are same as for CHP The tax implications are different in each case. In both cases the lender has the equipment or vehicle as security or ownership, so the interest rates are the same and tend to be quite low compared,to say, consumer rates.
Commercial Hire Purchase
With Hire Purchase (CHP), the lender owns the equipment under terms of the agreement with the borrower. If the customer is registered for GST the lender can claim the GST and adjust the loan amount. The borrower,registers the vehicle and can claim the full costs of business use of the vehicle against the business income including interest and depreciation. There is a fixed period with a fixed regular amount of repayment. On final payment, the borrower has the option of: paying out the residual and taking ownership or selling the vehicle and paying out the residual or re-financing it for another period. |
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