We are a complete one-stop shop to save you time, hassle and money. Our car loan specialist will help you complete your application and then navigate the minefield of lender requirements for you, negotiate with the lender for you, and arrange settlement.
Our loan specialist know the market inside out and will find you a great deal.
We select loans from only the best lenders who are thoroughly vetted for price, service and ethics.
We know precisely what our lenders need to say “yes” so we can get through to approval fast.
We quick and simple process has taken the hassle out of getting a truck loan.
Due to the intent to purchase, you are able to claim as a tax deduction, the depreciation on the asset and the interest component of your repayments. You will also have the ability to claim any GST on the purchase of the asset and the GST on any fees and terms charges (interest).
You can finance the total purchase price or use a deposit or trade-in to reduce the loan amount and repayments. You can even use the GST refund to make a lump sum repayment at a set point of the contract. This has the effect of reducing the loan amount and interest payable over the term of the loan.
Unlike a Chattel Mortgage, the terms charges and any loan fees are a 'taxable supply' making them subject to GST and this is due and payable at the beginning of the contract. You can have the option to finance this additional GST or pay it upfront and this can make it a more costly structure than a Chattel Mortgage if you don't have the ability to claim back all the GST.
The benefits of a Commercial Hire Purchase include; fixed repayments over the term of loan, ownership of the vehicle when all debt as per contract is finalised, flexible loan terms from 12 months to 60 months and some lenders may extend this, option for a balloon payment at the end, the ability to finance loan and vehicle protection, deposit or trade allowable to reduce the borrowed amount.
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