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 which 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 organisation moving their own people, you need a business vehicle finance deal that keeps the work flow 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 as the different finance products offer varying treatments and benefits in relation to tax deductions, GST and depreciation. We advise that you consult with your accountant in making this decision as the decision involves the accounting method used to prepare your company accounts and your business financial objectives.
One of the most popular forms of business vehicle finance, Chattel Mortgage suits many business set-ups that use the cash accounting method. Many sole traders operating a chauffeur business, SMEs running tourist charters and tours and hire car businesses and 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, but 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.
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 treatment of GST and tax deductions, CHP is also a commonly used form of finance for business vehicles.
With Jade Car Loans sourcing your finance, you will receive a finance quote which has been individually sourced and negotiated to suit your individual requirements and at the cheapest 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 prior to 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 synonymous with luxury vehicles and superb German engineering. Features which are sure to enhance your charter company image. To enhance the productivity of your Mercedes-Benz Sprinter Transfer Mini-Bus, your Jade Car Loans consultant will source you the cheapest motor vehicle finance offer which best meets your specs.
Jade Car Loans is accredited with many banks and lenders which provides our consultants with more choices in sourcing you the cheapest finance deal 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 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.