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Car Loan Packages

 

Chattel Mortgage


A Chattel Mortgage is where the customer takes ownership of the vehicle at the time of purchase. The financier takes a "mortgage" over the vehicle as security by registering a charge with ASIC.

 

 Here are some advantages of a Chattel Mortgage:

  • Fixed Contract terms
  • A residual or Balloon can be applied, which helps adjust monthly payments to suit client financial position
  • No GST on monthly repayments & residual
  • GST can be claimed on next BAS

With a Chattel Mortgage, GST is financed in a original loan amount. Under a Chattel Mortgage the customer can claim interest charge on contract and depreciation within ATO guidelines. 

 

 

Car Lease


The financier purchases the vehicle on behalf of the customer, customer then leases the vehicle back from the financier and pays a fixed monthly lease rental. With a car lease, the GST on the purchase price is claimed back by the financier, only the vehicle price excluding GST is financed by the customer. 

 

GST is charged on the monthly lease rental and the customers can claim some or all the GST contained in the lease. 

 

 

 

 

Novated Lease

 

A Novated Lease is also known as "salary sacrifice". This is a way for companies to offer an added incentive to their staff at no extra cost to the employer.

 

It is an agreement between employer, employee and finance company. This is where an employee enters into a finance lease with the financier and the employer agrees to pay the installments from the employees pre -  tax income.

 

If the employment ceases the obligation assumed by the employer reverts back to the employee.

 

Some benefits of a Novated Lease are:

  • You select the vehicle 
  • You can take the vehicle and lease to a different employer
  • Great for employers as reduced administration costs compared to company cars, reduced payroll tax
  • Employer is not stuck with extra vehicles if employee leaves
  • Employer can offer more attractive remuneration packages
  • Employer claims Input Tax Credit for GST

 

 

Bad Credit Car Loans

 

Bad Credit Car Loans are available for people who have paid or unpaid defaults, discharged from bankruptcy, judgments etc. 

 

Bad Credit Car Loans have slightly higher interest rates than your main stream lenders but keep in mind, that this is because it relates to the level of risk.

 

Our Bad Credit Car Loan Professionals have access to over 10 Bad Credit Loan Lenders. Our team will run you through directed questions then liaise with the lender that would  cater to you request prior to submitted application to allow maximum success rate.

 

 

Clean & Bad Credit Personal Loans

 

A Personal Loan is an unsecured loan are often used by borrowers for small purchases, home improvements, holidays on unexpected expenses.

 

A Personal Loan means the lender relies on the borrowers promise to pay it back. Due to the increase risk to the lender, interest rates tend to be a higher.

 

We have lenders who can offer Bad Credit Client up to $3000 unsecured. These applicants have the option of loan amount up to $20,000 but will require to provide  security for the loan.

 

 Personal Loan benefits are as follows:

  1. A fixed interest rate means fixed repayments
  2. You can borrow an amount of $500-$80,000
  3. Loan terms from 3 months to 7 years.

 

Credit Reform Australia

Call us today on 1300-281-133