Motor Vehicle Loans

    Finance Lease

    This type of finance gives you 100% finance for vehicles for business use. You lease the vehicle from the financier for an agreed period of time.

    Lease agreements are subject to GST but you may be entitled to claim a GST credit if your business is registered for GST.

    Chattel Mortgage

    This is the most common type of Vehicle loan for business use!

    A Chattel Mortgage is a commercial finance product where the customer takes ownership of the asset (chattel) at the time of purchase.

    Under a Chattel Mortgage the financier advances funds to the customer to purchase an asset, and the customer takes ownership of the asset (chattel) at the time of purchase.

    With Chattel Mortgage the customer can claim the interest charges on the contract and depreciation (in the case of vehicles up to the depreciation limit*) as a tax deduction.

    The Benefits of a Finance Lease

    With 100% finance, your working capital is preserved
    You can set the term with a fixed interest rate so your repayments can be planned throughout the leasing term
    It is possible to make an offer to acquire the vehicle at the end of the lease
    If you use your vehicle to generate assessable income, you may be able to claim the rental payments as a tax deduction

    .

    Bridgecoast Finance has other Vehicle Loan options

    Consumer Loan

    This is the most common loan used for individual finance

     

    Novated Lease

    This type of finance is an arrangement between you, your employer and the financier.

    Commercial Hire Purchase

    This option gives you flexible repayments and you will own the vehicle at the end of the loan term

    Finance Lease

    This type of finance gives you the option to rent a vehicle for an agreed period of time and at the end of the loan term you have the option to upgrade.

    Chattel Mortgage

    The most common type of vehicle or equipment plan.

    Fully Maintained Operating Lease

    A fixed fee to cover your vehicle management, such as maintenance, registration, renewal, tyres etc. At the end of the term, you simply return the vehicles to the financier.

    Call us on 1800 803 428 or:

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    Accredited Lenders

    ANZ logo
    Commonwealth Bank Logo
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    Capital Finance Logo
    Macquarie Bank Logo
    Metro Finance Logo
    NAB Logo
    Pepper Money Logo
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