You have selected that you are an company, partnership or sole trader using the cash accounting method.
If you wish to change this selection please go back and make another selection.
If your are registred for GST you can benefit through using a Chattel Mortgage or a
Finance Lease. Being registered
for GST means you can claim back the GST component of the vehicle's purchase price under a Chattel Mortgage, or
under a Finance Lease reduce the amount financed by the GST component of the vehicle's purchase price.
If you are not registered for GST then an appropriate option would be a Commercial Hire Purchase (CHP)
Another option that is a common choice for customers with larger fleets or for those wishing to remove the residual risk
is an Operating Lease (maintained or non maintained). An Operating Lease is an arrangement where the lessee agrees
to lease the motor vehicle for a predetermined period, where at the end of the term the motor vehicle is handed back to
the leasing company. The leasing company assumes the risk with regards to the residual value of the motor vehicle
at the end of the lease. The lease can include operating costs (such as lease rental, servicing and maintenance,
registration and tyres) of the motor vehicle are covered by a single monthly payment.
Disclaimer: We recommend that prior to entering into any financial arrangement that you seek independent financial advice.
The information contained herein is of a general nature only and does not take into account your personal circumstances.
Southgate Financial Services Pty Ltd, its agents, employees and lenders accept no responsibility for any loss that may arise.
