Vehicle Finance

It's important to remember that you have more than one option for vehicle finance.

A car lease is an arrangement where the lender purchases a vehicle on behalf of a customer. This customer then leases the car back from the lender. In exchange for using the vehicle, the customer makes regular payments.

If you are a person or business who regularly needs to change their vehicle, then a car lease could be an excellent option for you.

Be careful though, just like renting a house, leasing a car does not grant you complete ownership, and there may even be some restrictions around its use.

If you are not sure whether a car lease, chattel mortgage or car loan is the right option for you, get in touch with one of our brokers for a chat.

A chattel mortgage is a fancy term for a business or commercial vehicle loan. A chattel mortgage is similar to a regular car loan, with regular repayments, but your company has many more benefits.

You will own your vehicle outright. However, the finance company will place a mortgage over the vehicle as security against the loan. Meaning you can claim certain tax benefits during the life of the loan.

Both businesses and individuals are eligible for a chattel mortgage as long as the car is used predominantly for business purposes. Your vehicle needs to be used primarily for work (51% or more) to be eligible.

For example, if you're a tradie using your ute to move equipment from site to site, you may qualify for a chattel mortgage.

A chattel mortgage may not work for every individual or business, but it's certainly worth a chat.

A secured vehicle loan is a type of loan used solely to buy a new (or used) car. A secured loan is the most common type of loan when purchasing a vehicle.

Just like a home loan, a secured vehicle loan allows you to borrow the money and use your new vehicle as collateral against the loan.

You don't need a deposit for a car loan in most cases, but that will depend on how much you're looking to borrow and your earnings.

But of course, the more deposit you have, the less interest you pay over the life of your loan.

We can often arrange funding for a vehicle loan quickly through our many years in the industry and our strong relationships with our lenders. More often than not, we can also beat the dealerships repayment figure (meaning more money in your pocket).

Make sure to book an appointment with us. We take the time to understand your situation and ensure you're getting your best deal.

This type of finance is used towards a large asset, such as a truck, trailer, or other large commercial vehicle. This can be:

• Chattel mortgage, where you are considered the owner of the vehicle - but if you fail to make repayments and default on the loan, the lender may repossess the asset
• Lease agreement, where borrowers don't technically own the asset, but lease it - and at the end of the lease period you don't own the asset
• Hire-purchase agreement, which allows use of the vehicle as you pay it off and the ownership of the vehicle is transferred to you once the final payment is made.

Talk to us for professional and trusted advice on the type of finance that is most suited to your circumstances.

Whether you're looking to upgrade your car, invest in a motorbike or buy a new boat, we understand it can get a little confusing with so many loan options to choose from (okay, maybe not so much for us!).

Just like a car loan, you would use a secured loan to purchase a new motorbike, boat, caravan (or even a jet ski).

A secured loan is used solely to buy a new (or used) asset and is the most common type of loan for these purchases.

If you have a home loan, another option would be to use the equity from your existing loan to purchase your new asset.

We will work with you to understand your circumstances and ensure that we find the best fit for your needs. Then, we will make all the comparisons for you (so you can concentrate on the more important things - like the model and colour!)