If you're in the competitive field of transporting people, you need competitive vehicle finance to get the edge on the market. Transporting VIPs, chauffeur services, airport transfers, tourist charters, community groups, school and sporting teams and transporting work crews from site to site required quality vehicles with safety, efficiency and passenger appeal.
Many organisations in this sector need to regularly upgrade their people-mover transporter due to wear and tear from the large kilometres covered and to maintain their business image. VIPs and wedding groups especially don’t want to pile into a clapped-out mini-bus that looks like it may not even make it to the destination. They want to alight from a stylish vehicle befitting their special occasion.
For those in the charter and hire business your rates can be a critical factor in winning the work. For an organisation moving their people, you need business car loans deal that keeps the workflow going without pressuring the cash flow.
But upgrading constantly can be a costly exercise if you don’t have the cheapest vehicle finance deal. Jade Car Loans keeps the people-moving sector moving with cost-effective, individually structured vehicle finance at the cheapest interest rates.
Your Choice of Finance Types
Selecting the right type of finance is essential to ensure your car loan delivers the optimum tax and other benefits to your business. Jade Car Loans offers the full range of commercial finance facilities so our customers can choose which will deliver the most positive outcomes to their business.
This is an important stage of the finance process, especially when considering a new business car loan, as different finance products offer varying treatments and benefits related to tax deductions, GST, and depreciation. We advise that you consult with your accountant in making this decision, as it involves the accounting method used to prepare your company accounts and aligns with your business financial objectives.
- Chattel Mortgage
One of the most popular forms of business vehicle finance, Chattel Mortgage suits many business set-ups, including those looking for sole trader car finance, especially those that use the cash accounting method. Many sole traders operating chauffeur businesses, SMEs running tourist charters and tours, and hire car businesses, as well as companies running airport transfer operations, implement the cash accounting method. The GST can be claimed on the purchase price on the BAS return immediately following the vehicle purchase. The full repayments are not tax deductible; only the interest is deductible. However, as the asset is on your balance sheet, your business receives the depreciation benefit.Chattel Mortgage may also suit your business to take advantage of the Instant Asset Write-Off measure which is on offer through a Federal Government COVID-19 business support package until 31 December 2020.
- Vehicle Leasing
Also a popular type of finance and suited for those businesses that use the accruals method of accounting. GST is charged and claimable on the repayments and as the repayments are an operating expense, they are tax deductible. Leasing is an off-balance sheet finance facility so the people-mover is entered on the lender’s balance sheet and your business does not claim the depreciation.
- Commercial Hire Purchase
Similar in structure to Chattel Mortgage in regards to the treatment of GST and tax deductions, car hire purchase is also a commonly used form of finance for business vehicles.
With Jade Car Loans sourcing your finance, you will receive a finance quote that has been individually sourced and negotiated to suit your requirements and at the cheapest business car loan interest rates achievable. To assist with the planning of your purchase, we provide pre-approved finance for business vehicle purchases. You can have your Jade Car Loans arranged and approved before discussing a deal with the seller.
Top Mover: Mercedes-Benz Sprinter Transfer
So which people-mover will you purchase? One of the top vehicles in this category on the market is the 2020 Mercedes-Benz Sprinter Transfer, which has received some good wraps from motoring reviewers.
The Sprinter Transfer Mini-Bus has recently received an update and is now modelled on the very popular and high-tech Sprinter. The mini-bus is available in both standard and high roof heights and can be configured to seat 11-12 people. Spacious, comfortable and packed with tech and that trademark Merc style, passengers are sure to be impressed when you arrive to collect them in your Sprinter Transfer.
The 3 pointed star is emblematic of luxury vehicles and top-notch German craftsmanship. These features are bound to elevate your charter company's reputation. To further augment the efficiency of your Mercedes-Benz Sprinter Transfer Mini-Bus, your Jade Car Loans consultant will seek the most cost-effective commercial vehicle finance solution tailored to your needs.
Jade Car Loans is accredited with many banks and lenders which provides our consultants with more choices in sourcing you the cheapest finance deal, including options like ABN car loan, and negotiating the loan terms that will deliver the optimum returns for your business. Returns and benefits that give you the edge in your competitive industry.
For a finance quote on a mini-bus, contact Jade Car Loans at 1300 000 003 and discuss your requirements with one of our consultants.
DISCLAIMER: ALL INFORMATION WHICH IS PRESENTED IN THIS ARTICLE IS INTENDED SOLELY FOR THE PURPOSE OF PROVIDING GENERAL INFORMATION. IT IS NOT UNDER ANY CIRCUMSTANCES INTENDED AS PROVIDING FINANCIAL ADVICE. FOR SPECIFIC FINANCIAL ADVICE ON INDIVIDUAL FINANCIAL CIRCUMSTANCES, READERS ARE ADVISED TO CONSULT WITH A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR INCORRECT OR OUT OF DATE DETAILS IN REGARD TO GOODS, SERVICES, POLICIES AND PROGRAMS MENTIONED IN THE ARTICLE. THE INFORMATION AND DATA QUOTED HAS BEEN SOURCED FROM PUBLICLY AVAILABLE SOURCES INCLUDING MANUFACTURER AND GOVERNMENT WEBSITES.