03 9581 2525

58 Nepean Highway, Mentone Vic 3194

Finance Options For Your Next Car Loan

Our mission is simple - to put you behind the wheel of the vehicle of your choice. We’ll make sure you get a vehicle loan to suit your personal finances.

Choose from one of the following:

Secured Loan: Buy the car of your dreams

Fast Approval:
Apply today and we will usually have your loan approved by the next working day.
No Annual Fees:
No Annual or account-keeping fees to pay.
Match your budget:
Choose from 1 to 5 years and match the repayments to suit your budget.
Fixed Rate:
Repayments are fixed so you will know exactly what your repayments are
Make Extra Repayments:
You can always pay more off your loan
No Deposit:
Use your cash for other things as 100% finance is available to approved purchasers. Registration and Insurance can also be included in the loan.
Repayment Frequency:
Fortnightly or monthly
Repayment Methods:
Direct Debit, BPAY, Cash or cheque

Novated Lease: Drive the car you want

Purpose:
For employees who have the option of receiving a car as part of their salary package. The employer pays all rental payments the financier and the employee enjoys full use of the motor vehicle.
How it works:
The employee chooses a car and leases it from the financier.
The employee then novates the lease to their employer, who assumes all the employee’s rights and obligations under the lease, including responsibility of meeting the lease rentals.
The contract is in the name of the employee who remains the registered owner throughout the lease and keeps effective control of the vehicle at all times.
If the employee leaves the company, the vehicle remains with the employee. In this situation generally the employee takes over the payments or gets another employer to make the payments. This means, the original employer is not left with an unwanted car and the employee keeps the vehicle.
Benefits for employees:
Use of the vehicle without having to budget for the repayments. Option to buy the vehicle without a deposit or the hassle of being reimbursed from your employer.
Complete choice about what car you buy and where you buy it from.
Retain the car even if changing employment.
Benefits for employers:
If the employee leaves, the company is not left with an unwanted car.
The employer can provide the employee with a car without having to reflect it on its balance sheet.
Interest rates:
The rentals are fixed throughout the life of the loan.
Term:
One to five years
Loan amount:
$10,000 and upwards
Repayment frequency:
Monthly, quarterly, semi-annually, annually, seasonally or irregularly
Repayment methods:
Direct debit and periodical payment from a nominated bank account, BPAY® and cash/cheque deposits via a cash booklet

Hire Purchase: Offer to Hire

Purpose:
Available for companies and business professionals to buy business goods such as motor vehicles, trucks, industrial plants, professional or earthmoving equipment.
How it works:
The hire purchase agreement is a contract where the financier (the "owner") gives the "hirer" possession and use of an item of equipment in return for regular payments.
When the final payment is made, the "hirer" owns the goods.
Tax deductible:
Depreciation on the equipment and the interest component of the rental are tax deductible if it is used to produce assessable income or the expense is necessarily incurred in carrying on a business. Speak to your accountant for further information about tax benefits.
No deposit:
An offer to hire can be arranged with no deposit or an amount that suits you.
Free up other valuable assets:
The equipment being purchased is normally sufficient security for the finance – your other business assets are not required as security.
Match your cash flow:
Tailor the repayments to suit seasonal cash flow. You can also arrange to make a balloon payment at the end of the loan to reduce repayments throughout the term.
Early repayment:
You have the flexibility to repay the contract in full before the term ends
Interest rates:
The repayments are fixed throughout the life of the loan.
Term:
One to five years.
Loan amount:
$10,000 and upwards.
Repayment frequency:
Monthly, quarterly, semi-annually, annually, seasonally or irregularly.
Repayment methods:
Direct debit and periodical payment from a nominated bank account, BPAY® and cash/cheque deposits via a cash booklet.

Chattel Mortgage: For business use

Purpose:
Provides finance for companies and business professionals to purchase goods such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment, which are for business use more than 50% of the time.
How it works:
You take ownership of the goods upon delivery and the financier secures the loan by registering a charge over the goods.
Minimal capital outlay:
You own the goods your business needs without paying for them up-front with a chattel mortgage. So you can put your day-to-day cash flow to better use.
Tax deductible:
A chattel mortgage may provide tax benefits if the financed goods are used to produce assessable income. Speak to your accountant for further information about tax benefits.
No deposit:
100 per cent finance is available to approved customers, so you don’t have to tie up your day-to-day cash flow.
Match your cash flow:
Repayments can be tailored to suit seasonal cash flow. You can also arrange to make a balloon payment at the end of the loan to reduce repayments throughout the term.
Early repayment:
You have the flexibility to repay the contract in full before the term ends
Interest rates:
Your new equipment acts as the security for the loan, so we can offer you a competitive interest rate, which will be fixed throughout the life of the loan.
Term:
One to five years.
Loan amount:
$10,000 and upwards.
Repayment frequency:
Monthly, quarterly, semi-annually, annually, seasonally or irregularly.
Repayment methods:
Direct debit and periodical payment from a nominated bank account, BPAY® and cash/cheque deposits via a cash booklet.

Finance Lease

Purpose:
Available for companies and business professionals to buy business goods such as motor vehicles, trucks, industrial plants, professional or earthmoving equipment.
How it works:
The financier purchases the equipment or vehicle you require and then leases the goods to you. You then enjoy the use of the vehicle or equipment for an agreed time in return for a series of rental repayments. You can finance the outlay you’ve already made for goods purchased in the last six months.
What is the lease agreement?:
The lease agreement sets out the:
Residual value of the goods
Term of the lease in months
Monthly rental
Depreciation rate
When the lease expires:
You can choose to:
Return the equipment to the financier who can sell it in the market place (you would need to make up the shortfall if the net sale was less than the agreed residual value). Take up any invitation the financier may give you to purchase the equipment
No initial cash outlay:
A finance lease gives you immediate access to the goods your business needs without a capital outlay so you can put your day-to-day cash flow to better use.
Negotiate your payments and residual value:
Within an approved range allowing more flexibility in budgeting
Flexible terms:
Match your finance to the length of time the asset is required – from one to five years
Match your cash flow:
Tailor the repayments to suit seasonal cash flow. You can also arrange to make a balloon payment at the end of the loan to reduce repayments throughout the term.
Tax deductible:
Rental payments are fully tax deductible if the equipment is used solely for earning assessable income. Speak to your accountant for further information about tax benefits.
Free up other valuable assets:
The equipment being purchased is normally sufficient security for the finance – your other business assets are not required as security.
Interest rates:
The rentals are fixed throughout the life of the loan.
Term:
One to five years.
Repayment frequency:
Monthly, quarterly, semi-annually, annually, seasonally or irregularly.
Repayment methods:
Direct debit and periodical payment from a nominated bank account, BPAY® and cash/cheque deposits via a cash booklet.
Other details:
The residual value of the leased goods is established in accordance with a schedule issued by the Commissioner of Taxation.
Lease rentals are usually tax deductible if the leased goods are used to produce assessable income.