Will your vehicle be used predominently
(greater than 50%) for private or business purposes? |
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| Does your employer offer salary packaging? |
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You might want to consider a Novated Lease (Salary Packaging)
Novated Lease
A Novated Lease may be available to employees where your employer offers salary packaging. A Novated Lease is an agreement between your employer, the lender (bank, finance company etc) and yourself (the employee). Where your employer offers Novated Leasing, lease payments are deducted from your pre-tax income and are paid by your employer.
Repayments on a Novated Lease can be flexibly structured depending on the total amount financed, term, interest rate and residual value.
A Novated Lease is also sometimes referred to as Salary Packaging.
LoanLocator gets you on the road faster with a safe and simple application process.
Note:
We endeavour to provide you with the most accurate tools and calculators; however, results from these should be used as an indication only and do not represent a quote or conditional approval for a loan or lease. Each lender applies different lending criteria and therefore it is recommended that you consult a LoanLocator specialist before taking out finance. |
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| Would you like an interest rate that is fixed or variable? |
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You might want to consider a Car Loan with a fixed rate
Car Loan with a fixed rate
A Car Loan with a fixed rate is a personal finance product where a lender (bank, finance company etc) provides finance for the purchase of a car and secures the loan against that car.
Repayments on a Car Loan can be tailored to suit your budget depending on the total amount financed, term, and interest rate.
The interest rate on a Car Loan with a fixed rate remains the same throughout the entire loan term.
LoanLocator gets you on the road faster with a safe and simple application process.
Note:
We endeavour to provide you with the most accurate tools and calculators; however, results from these should be used as an indication only and do not represent a quote or conditional approval for a loan or lease. Each lender applies different lending criteria and therefore it is recommended that you consult a LoanLocator specialist before taking out finance. |
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You might want to consider a Car Loan with a variable rate
Car Loan with a variable rate
A Car Loan with a variable rate is a personal finance product where a lender (bank, finance company etc) provides finance for the purchase of a car and secures the loan against that car.
Repayments on a Car Loan can be tailored to suit your budget depending on the total amount financed, term and interest rate.
The interest rate on a Car Loan with a variable rate may rise or fall throughout the entire loan term.
LoanLocator gets you on the road faster with a safe and simple application process.
Note:
We endeavour to provide you with the most accurate tools and calculators; however, results from these should be used as an indication only and do not represent a quote or conditional approval for a loan or lease. Each lender applies different lending criteria and therefore it is recommended that you consult a LoanLocator specialist before taking out finance. |
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| How will you be applying for finance? |
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You might want to consider a Commercial Hire Purchase
Commercial Hire Purchase
A Commercial Hire Purchase is designed for customers who ultimately want to own their car and where the car will be used mainly for business use.
Regular payments are made over the contract term. Full ownership of the equipment is transferred to you when all repayments have been made.
Repayments are tailored to suit your budget depending on the total amount financed, term, interest rate and whether a balloon (sometimes referred to as a residual or final installment) has been set. You can even use the GST refund to contribute towards paying off the loan, thereby reducing the amount financed and the interest paid over the term of the loan.
A Commercial Hire Purchase (CHP) is also sometimes referred to as a Hire Purchase (HP), Offer to Hire or Corporate Hire Purchase.
LoanLocator gets you on the road faster with a safe and simple application process.
Note:
We endeavour to provide you with the most accurate tools and calculators; however, results from these should be used as an indication only and do not represent a quote or conditional approval for a loan or lease. Each lender applies different lending criteria and therefore it is recommended that you consult a LoanLocator specialist before taking out finance. |
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| Do you use cash or accrual accounting? |
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You might want to consider a Chattel Mortgage or a Finance Lease
Chattel Mortgage
A Chattel Mortgage is a type of loan designed for customers where the car will be used mainly for business use.
A Chattel Mortgage is considered to be a cash sale when you immediately own the car (chattel) on purchase, but the financier takes security over it until the contract is paid in full where the mortgage is then removed.
Repayments are tailored to suit your budget depending on the total amount financed, term, interest rate and whether a balloon (sometimes referred to as a residual or final installment) has been set.
Finance Lease
A Finance Lease is a type of lease designed for customers where the car will be used mainly for business use. Payments are fixed for the term of the lease, providing you with the security of knowing exactly how much to budget for.
For added flexibility, at the end of the lease you have several options which may include refinancing the car, trading it in or purchasing it for the residual value.
A Finance Lease is also sometimes referred to as a Car Lease.
LoanLocator gets you on the road faster with a safe and simple application process.
Note:
We endeavour to provide you with the most accurate tools and calculators; however, results from these should be used as an indication only and do not represent a quote or conditional approval for a loan or lease. Each lender applies different lending criteria and therefore it is recommended that you consult a LoanLocator specialist before taking out finance. |
|
| |
You might want to consider a Commercial Hire Purchase or a Finance Lease
Commercial Hire Purchase
A Commercial Hire Purchase is designed for customers who ultimately want to own their car and where the car will be used mainly for business use. Regular payments are made over the contract term. Full ownership of the equipment is transferred to you when all repayments have been made.
Repayments are tailored to suit your budget depending on the total amount financed, term, interest rate and whether a balloon (sometimes referred to as a residual or final installment) has been set. You can even use the GST refund to contribute towards paying off the loan, thereby reducing the amount financed and the interest paid over the term of the loan.
A Commercial Hire Purchase (CHP) is also sometimes referred to as a Hire Purchase (HP), Offer to Hire or Corporate Hire Purchase.
Finance Lease
A Finance Lease is a type of lease designed for customers where the car will be used mainly for business use. Payments are fixed for the term of the lease, providing you with the security of knowing exactly how much to budget for.
For added flexibility, at the end of the lease you have several options which may include refinancing the car, trading it in or purchasing it for the residual value.
A Finance Lease is also sometimes referred to as a Car Lease.
LoanLocator gets you on the road faster with a safe and simple application process.
Note:
We endeavour to provide you with the most accurate tools and calculators; however, results from these should be used as an indication only and do not represent a quote or conditional approval for a loan or lease. Each lender applies different lending criteria and therefore it is recommended that you consult a LoanLocator specialist before taking out finance. |
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