Motor Vehicle Loans

    Novated Lease

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

    You obtain car finance for a car of your choice from the finance provider, for a fixed period of time. Your employer then takes the repayments out of you “pre tax” salary (a “salary sacrifice), thus reducing your taxable income. While the contract for the finance is between you and the finance provider, if you change jobs, you take your novated lease and your car with you.

    At the end of the term of the novated lease you have the option to purchase the car for a set residual or you can sell or trade. If you find you make a profit from selling the car, then it’s your’s to keep!

    Novated Lease

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

    You obtain car finance for a car of your choice from the finance provider, for a fixed period of time. Your employer then takes the repayments out of you “pre tax” salary (a “salary sacrifice), thus reducing your taxable income. While the contract for the finance is between you and the finance provider, if you change jobs, you take your novated lease and your car with you.

    At the end of the term of the novated lease you have the option to purchase the car for a set residual or you can sell or trade. If you find you make a profit from selling the car, then it’s your’s to keep!

    Benefits for Employees

    No GST purchase on the price

    No deposit required

    Save on your vehicle running and maintenance costs

    Save thousands in income tax

    .

    Take vehicle with you if changing job

    Just one easy monthly payment for all your vehicle expenses

    Benefits for Employers

    Cheaper and easier to manage than providing company cars

    Provide a more attractive remuneration package to potential and existing employees

    No residual risk

    Lower Payroll Tax and Work Cover premiums. No surplus vehicles if an employee changes jobs

    .

    Bridgecoast Finance takes care in arranging everything so you can focus on important business matters instead of organising car finance

    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
    BOQ Logo
    Capital Finance Logo
    Macquarie Bank Logo
    Metro Finance Logo
    NAB Logo
    Pepper Money Logo
    St George Bank Logo
    Westlawn Logo
    Westpac Logo

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