We’ll get you moving with the right car loan

Hire Purchase is a great option for businesses when you need company cars or business vehicles. It’s an agreement to purchase a vehicle subject to certain payment terms – much like hiring a car for a period of time, then keeping it at the end.  There is no need for a deposit, and you can claim interest and depreciation as a tax deduction.  

Our knowledgeable brokers will explain how it works and help you with finer details of Hire Purchase arrangements.

A Chattel Mortgage is available to businesses that use vehicles for business use more than 50% of the time. It’s a loan that allows you to borrow money for a vehicle, and provide security in the form of a mortgage over the asset being purchased.
The advantage of a Chattel Mortgage is that you generally don’t need a deposit, repayments can be tailored, you don’t pay GST on the repayments, and the interest and depreciation is tax deductible.

Speak to one of our brokers about a Chattel Mortgage for your business vehicles.

A Novated Lease is a smart financial option for employees who receive a vehicle as part of a salary package. 

In this situation, the employer pays all rental payments and the employee enjoys full use of the vehicle. 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.