Asset and Personal Loan
The right type of Asset Financing helps business owners to invest and grow their business. Asset financing covers all aspects of personal and business lending for assets ranging from vehicles for commercial and personal use to office fit-outs, machinery, specialised vehicles, trucks, warehousing equipment and racking, tools and more.
When it comes to asset finance, rate is not always everything. Often the monthly repayments and ongoing fees are more relevant to the operation and cash flow of your business.
When thinking about asset finance, you should consider the implications to your current and future growth of your business. The questions below are part of the decision process and relevant to the lending products that we will present to you as options:
- What monthly repayments can I afford?
- How long will I need the equipment/asset for?
- What impact will this financing have on my overall tax position?
- Do I want to own or lease the asset?
If you are uncertain as to what type of finance option best suits you?
Call us today for an obligation-free chat, either over the phone, or book in a time to come down to our office.
"Good Old Fashioned Service" - Every Day
Depending on whether the finance is for consumer or commercial can determine the different options available. All options available to both consumer or commercial customers are; Finance Lease / Car Lease, Chattel Mortgage, Novated Lease, Fully Novated Lease, and Commercial Hire purchase.
A commercial finance option where the money lent to a business to purchase a car or commercial car, is secured against that asset.
A popular finance option in Australia, which involves three parties – you, your employer and the lender.
The car is leased by your employer on your behalf, in return for regular lease payments, which is deducted from your pre-tax income amount, reducing your taxable income.
By salary packaging the employee’s vehicle, it is a cost-effective way to incentivize the businesses staff.
In addition to the features of the Novated Lease, the employer also undertakes the vehicle operating costs and not just the lease amount that is involved in purchasing the car/vehicle.
This structure permits businesses/individuals to hire a car from the bank/lender for a fixed monthly repayment amount, over a certain term.
The benefit also, is that at the end of the finance term, the businesses/individuals have the option to purchase the car.
Personal Loan
Personal Loans can help you purchase that boat, caravan, special holiday or just about anything that you have been dreaming about or working towards.
There are many lenders in the market that cater for this type of lending, however they are all different which is why finding the right loan to fulfil your dream can often be stressful, daunting and time consuming.
Our Finance Specialists can assist you in working through the maze of loans out there, including secured or unsecured loans available, term of the loan and associated fees.
You can get a personal loan, if you are employed, 18 years or older and can demonstrate propensity to make the repayments.
We assist our clients in finding the right loan that best meets your needs, preparing and lodging the application and follow through to approval.
Depending on the individual position, Personal Loans can be relatively quick to receive. Once the loan is approved, money will be deposited into your bank account.
