Finding competitive finance solutions for your niche
Vehicle Finance
Business Car Loans
Niche Finance’s extensive commercial leasing panel allows access to a range of financing options designed to help your business manage its assets in the most cost effective and efficient manner.
Our focus is on providing the best value, service and support for your business.
If you are self employed and operate under an ABN or require a vehicle for more than 50% business use as an employee, a business car loan is the most cost effective option for you.
For the ABN Holders your choice of vehicle finance products includes:
Chattel Mortgage
Fixed rate loan
Equipment owned by client & charge taken by the lender over the asset
Best suited for those businesses running on a cash basis for GST
Assists cash flow – being able to claim GST in lump sum
Commercial Hire Purchase (CHP)
Fixed rate loan
Ownership of equipment is transferred once final payment been made
Security taken over the asset
Ideal for business wanting full ownership at end of term.
Advantages:
Flexibility – term, structure, deposit – similar to Chattel
Tax effective – Interest & Depreciation
Finance Lease
Requires the lessee to finance 100% of asset cost ( no deposit can be utilized)
A residual value or balloon payable at the end of the term must be established.
Residual values are determined by the ATO & are based on depreciation value of the specific asset. – example 48/30 -35%
Advantages:
100 % financed no cash outlay
Rental payments are fully tax deductible.
You will need to consider the taxation, GST and FBT implications associated with all the products listed above and Niche finance always recommends you seek advice from your accountant.
Niche Finance specialise in car finance for companies, trusts, partnerships, sole traders and individuals with a business purpose for an asset.
For the option that best suits your needs please call us today for an obligation free discussion & quote.
Ask us about the ‘No financials’ product today!
NICHE FINANCE also assist with PERSONAL CAR LOANS!
For the PAYG / Employees utilising their vehicle for more than 50% business use, your choice of vehicle finance products includes:
Commercial Hire Purchase ( CHP)
Fixed rate loan
Ownership of equipment is transferred once final payment been made
Security taken over the asset
Ideal for business wanting full ownership at end of term.
Novated Lease
Benefits both the employer and employee
Provides employer with a complete salary packaging alternative to owning a fleet of motor vehicles.
The employee gains full use of salary packaging.
Requires the lessee to finance 100% of asset cost (no deposit can be utilized)
A residual value or balloon payable at the end of the term must be established.
Residual values are determined by the ATO & are based on depreciation value of the specific asset. – example 48/30 - 35%
OR for personal / private use:
Consumer Car Loan:
Flexible contract terms ranging from 1 – 7 years (some lenders max 5yrs)
Rates are fixed so you know exactly what your repayments are