Vehicle FinanceAsk us about the ‘No financials ’option today- so easy approval in less than 24 hours!
Business Car Loans
Niche Finance’s extensive commercial leasing panel allows access to a range of financing options designed to help your business manage its assets in the most cost effective and efficient manner.
Our focus is on providing the best value, service and support for your business.
If you are self-employed and operate under an ABN or require a vehicle for more than 50% business use as an employee, a business car loan is the most cost effective option for you.
For the ABN holders your choice of vehicle finance products includes:
Chattel Mortgage:
- Fixed rate loan
- Equipment owned by client and charge taken by the lender over the asset
- Best suited for those businesses running on a cash basis for GST
- GST on purchase can be claimed in next BAS claim
Advantages:
- Ownership – client owns
- Flexibility – term, structure, deposit/no deposit etc – example balloon/no balloon
- Tax effective – interest and depreciation
- Assists cash flow – being able to claim GST in lump sum
Commerical Hire Purchase (CHP):
- Fixed rate loan
- Ownership of equipment is transferred once final payment been made
- Security taken over the asset
- Ideal for business wanting full ownership at end of term.
Advantages:
- Flexibility – term, structure, deposit – similar to Chattel
- Tax effective – Interest & Depreciation
Finance Lease:
- Requires the lessee to finance 100% of asset cost ( no deposit can be utilized)
- A residual value or balloon payable at the end of the term must be established
- Residual values are determined by the ATO and are based on depreciation value of the specific asset – example 48/30 – 35%
Advantages:
- 100 % financed no cash outlay
- Rental payments are fully tax deductible
You will need to consider the taxation, GST and FBT implications associated with all the products listed above and Niche Finance always recommends you seek advice from your accountant.
Niche Finance specialise in car finance for companies, trusts, partnerships, sole traders and individuals with a business purpose for an asset. For the option that best suits your needs please call us today for an obligation free discussion and quote.
Personal Car Loans
For the PAYG / employees utilising their vehicle for more than 50% business use, your choice of vehicle finance products includes:
Commercial Hire Purchase (CHP):
- Fixed rate loan
- Ownership of equipment is transferred once final payment been made
- Security taken over the asset
- Ideal for business wanting full ownership at end of term
Novated Lease:
- Benefits both the employer and employee
- Provides employer with a complete salary packaging alternative to owning a fleet of motor vehicles
- The employee gains full use of salary packaging
- Requires the lessee to finance 100% of asset cost (no deposit can be utilized)
- A residual value or balloon payable at the end of the term must be established
- Residual values are determined by the ATO and are based on depreciation value of the specific asset – example 48/30 – 35% or for personal / private use.
Consumer Car Loan:
- Flexible contract terms ranging from 1 – 7 years (some lenders max 5yrs)
- Rates are fixed so you know exactly what your repayments are
- No deposit required
- Minimum loan amount of $7,500
- Repayments are fortnightly or monthly
Ask us about the “No financials” option today- so easy approval in less than 24 hours!
Our firm has had an active business relationship with Ms Holly Bertsos and her business Niche Finance over the past five years.
During this time we have referred numerous clients to Holly for their various finance needs including motor vehicle purchases, caravans, capital equipment, general business refinancing and working capital loans.
“The Finance industry is highly competitive, and client needs demand the very best service available. As industry leading providers of Financial Services ourselves, we find that working in conjunction with other providers of quality Financial Services compliments and enhances the capabilities of both businesses.
“Holly and her team have assisted us with finance for several vehicles to date, and each one has been an easy, hassle-free process. We even had the dealer finance department concede they were simply unable to match her quote! A real testament to Holly’s commitment to her clients and her knowledge of the industry. Thanks again!”