Car Finance & Car Loan Options
YOUR CAR FINANCE OPTIONS
Businesses and individuals have different options available to them - to find out more, see Car Finance & Car Loans for Businesses or Car Finance & Car Loans for Individuals. If you are an individual you may also wish to consider the significant savings possible through a Novated Lease (Salary Packaging).
A Finance Lease (Car Lease) enables a business to have the use of a car or commercial vehicle and the benefits of ownership, while the financier retains actual ownership of the vehicle.
Commercial Hire Purchase (CHP) is a commercial finance product where a business "hires" a car from the financier for a fixed monthly repayment over a term, and has the option to purchase the car at the end of the term
A Chattel Mortgage is a commercial finance option under which a financier loans money to a business to purchase a car or commercial vehicle (chattel), and then secures the loan with a mortgage over the vehicle.
Novated Lease is a method of salary packaging a car, under which an employee leases a car and their employer pays the lease repayments from the employee's pre-tax income. Novated Leasing can be a tax-effective way for an employee to purchase a vehicle, and can also be a great way for employers to offer an extra incentive to their employees with little or no extra cost.
Fully Maintained Novated Lease is a method of salary packaging a car and it's operating expenses, under which an employee leases a car and their employer pays the lease repayments and operating expenses from the employee's pre-tax income. Fully Maintained Novated Leasing can be a tax-effective way for an employee to purchase a vehicle, and also allows employers to offer an extra incentive to their employees at little-or-no extra cost.
Car Loan, or more specifically a secured Car Loan, is a type of loan where the financier lends money for the purchase of a vehicle and also takes security over the vehicle to protect the loan.
A Personal Loan is a type of unsecured car loan, whereby the financier lends you money but doesn't take any security over the vehicle.
Not sure which finance option is best for you or your business?
If you're not sure which finance options is best for you or your business try our "Which Finance Option Is Best For You?" online assistant, a convient online tool that can help you find out which finance option best suits your or your business' needs.
Or, you can send us an online car finance enquiry and one of our expert finance consultants will contact you shortly to discuss your needs and answer any questions you may have.