It doesn’t matter if you are a small business or a large corporation, The Broker Team specialises in sourcing the right finance for the right job. We have finance options to suit most business needs. These options include Chattel Mortgages, Hire Purchases, Finance Leases and Novated Leases.
It is very important to speak with your accountant prior to entering into any of these types of finance structures to make sure you are maximising your tax or cash flow benefits.
This is a popular choice for business wanting to purchase business assets (cars or equipment) they are the owner of the asset but the lender takes a mortgage over it.
Hire it now, own it later. The lender takes ownership over the goods and gives you permission of the use of the goods with regular monthly repayments. When the final payment is made, you own the goods.
The financier will purchase the goods and lease them to you at an agreed monthly amount. Traditionally, the lease repayments will be structured around the residual value of the goods at the end of the lease term. Choose then to return the goods, extend the rental term or make an offer the purchase the goods outright.
A popular option for employees. The lender makes a lease arrangement with your employer to finance the car for your personal use through salary sacrifice. Typically, the lease payments are made by the employer and are deducted from your pre-tax income.