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Car Finance Options For Business
Businesses have a range of finance options available to them, the choice of which will depend on business structure, cash-flow requirements, GST registration status and tax considerations.
Your options
Finance Lease (Car Lease)
A Finance Lease (Car Lease) is a commercial finance product enabling the customer to have the use of a car or commercial vehicle and the benefits of ownership, while the financier retains actual ownership of the vehicle. More...
Commercial Hire Purchase (CHP)
A Commercial Hire Purchase (CHP) is a commercial finance product where the customer hires a car or commercial vehicle from the financier for a fixed monthly repayment over a set period of time. More...
Chattel Mortgage
A Chattel Mortgage is a commercial finance product where the customer takes ownership of the car or commercial vehicle (chattel) at the time of purchase. More...
Novated Lease (Salary Packaging)
Novated Lease is a method of salary packaging a car, under which an employee leases a car and the employer agrees to take on the employee's obligations under the lease, paying the monthly lease rentals from the employee's pre-tax income. More... |
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