Car Loans
Types of Loans
- Basic car loans (consumer)- Low doc: Motor Vehicles - Provides a fast and efficient finance offering for Companies / Self employed ABN holders.
- Low doc: Prestige – Finance options for commercial customers using prestige vehicles
- Low doc: Easy upgrade finance (EUF)
• Used for replacement, refinance, residuals, baloons
• Available to replace other mainstream financier lending
• A quick and easy assessment process (no financials are generally required*)
• Flexible payment structures
Low doc: Trucks, Trailers, Earth moving/Agriculture/Cranes
Provides a fast and efficient finance offering for Companies / Self-employed ABN holders.
Low doc: Professional Packages
Provides a fast and efficient finance offering for eligible professionals and no financials are generally required.*
TAX Treatment
- Chattel mortgage and Commercial hire purchase (CHP)
Client claims depreciation on goods and interest via income tax return
Client claims GST on goods (and terms charges/fees for CHP) upfront via BAS return
- Finance lease and Novated lease
Lender claims depreciation on goods
Client claims rental as a deductible expense
Also claim back GST on rentals via BAS return
Client claims depreciation on goods and interest via income tax return
Client claims GST on goods (and terms charges/fees for CHP) upfront via BAS return
- Finance lease and Novated lease
Lender claims depreciation on goods
Client claims rental as a deductible expense
Also claim back GST on rentals via BAS return