Business Car Finance - Commercial Vehicle Finance
Better cheaper rates first time. No strings attached! We will not be beaten on car loans, guaranteed! If you can find a cheaper package, we will not only match it but give you $200*So we offer a cash guarantee. If you can source a cheaper finance package than our offer, we’ll not only match that offer but we’ll also give you $200**
| Today's Business Rate | |
| From 3.45 |
%*
Fixed |
Interest Rate from 3.75%
We offer you a better car loan or motor vehicle finance package whether you’re an ongoing business, just starting out, or are a ‘no financials, no docs’ business.
We don’t like to ‘bettered’ when it comes to car loans and especially interest rates. If you can find a cheaper deal, we’ll will not only match that offer, we’ll make it even better with $200** cash hand-out to you.
Business vehicle finance is specialised and with our expertise, you are assured you are receiving the highest level of professional advice across the details of all the options available to you. As experienced brokers, we’re focused on your requirements and save you time and hassle by handling the entire process on your behalf and with your consent.
Our systems, process and procedures have been developed to suit the specific needs of our business car finance customers. You’ll receive expert, professional information on commercial car finance products and personalised attention from your dedicated consultant in a timely, organised manner. Jade Car Loan consultants have the knowledge, experience and the connections with exactly the right lenders to suit your requirements. Outcome – our best offer, quickly, straight up and with approval and settlement finalised promptly.
As Aussie finance brokers, we have access to a wide range of lenders, including exclusive industry-only sources that expand our options for sourcing the best business car finance solution at the best interest rate for your vehicle.
Your personal Jade consultant, acting like your personal business manager, will structure a cost-effective, workable finance deal that suits your business from our portfolio of Car Chattel Mortgage, Commercial Hire Purchase (CHP), Car Leasing, Business Car Loan and Novated Car Lease or Salary Sacrifice. A deal designed specifically to work with your business tax requirements and cash flow and drive your business growth.
We’ve built an enviable reputation, grown an impressive customer base and developed a track-record based on performance. Our objective is not only to provide you with one highly effective car loan, but to partner with your business as an integral member of your advisor team to provide commercial finance solutions across other areas of your operations.
To successfully navigate through the complex nature of business car finance products, you’ll need more than an app or a GPS. The options feature differing treatments of GST, tax deductibility, balance sheet approach and the right choice depends on your business accounting method and company structure. Fortunately, your Jade Business Car Finance consultant is fully conversant with all aspects of each finance product and will explain and simplify the details for you. In consultation with yourself and your accountant, your consultant will structure a package designed to deliver tax effectiveness, ease pressure on cash flow and operating expenditure and facilitate moving forward with your business plans.
Commercial finance for business vehicles, options include:-
For all sized businesses from the smallest owner-operators, through to the largest corporations, and for all types of business vehicles – new and used – all Jade Business Car Finance packages include the Jade trademark cheap interest rates, terms negotiated to support your business objectives and the one-to-one services of our professional finance consultants.
Especially if you are in a situation where you have low docs or no financials, you want to know that your application for a business car loan is handled professionally with a respectful understanding of your personal circumstances. At Jade, you have our assurance that our trained, locally-based consultants will provide a service which is totally focussed on you and your needs.
Established for a long period and with accreditation with many financial institutions and lenders, Jade has access to a wide range of lending products and provide both personal and commercial finance for many purposes.
In stark contrast to some in the finance sector, Jade has always prioritised you, the customer. Not profits and obligations to shareholders. Our service is structured with you at the epicentre and our consultants work towards assisting you achieve your financial goals with the best lending products available.
You will deal with your own Jade business car loan consultant who is a licensed representative and an expert in this particular field and well-qualified to take you through every stage of your loan procedure.
100% Australian owned and a member of the FBAA, Jade Finance Australia adopts the nationally recognised Code of Practice, overseen by the Australian Prudential Regulation Authority (APRA). You can discuss your personal situation with your Jade consultant in the knowledge that you are dealing with a person who not only cares about your loan requirements, but has passed stringent checks and attained the required education and training qualifications.
With recent changes in the financial sector, many institutions have tightened their lending guidelines even further. Making it somewhat challenging for people with low docs or no financials to arrange a car loan for their business.
*The interest rate is for a commercial new car loan where the goods are used for more than 50% business use. Please contact our office for consummer personal use interest rates. Effective 26/02/2020 and subject to financier loan approval.
Rate quotes are to be provided to Jade Equipment Finance Pty Ltd (ABN 84 925 494 047 ) by writing on the lenders letterhead. It must be current within 7 days. Only lenders which are on our panel of finance companies and banks are included in the guaranteed offer. $200 is paid on the acceptance in taking the Jade Finance matched quote. Providing a better package against financiers or banks not on our panel we are happy to assist, though we cannot guarantee.
Manufacturer subsidised discounted interest rate incentives do not apply with this promotion.
Knowledge is power and also recognizing a ballpark on your loan payments offers you self-confidence to progress with your acquisition. Utilize our car financing calculator for a price opr estimate on month to month payments.
Finance for the purchase of business vehicle is quite a technical and somewhat complex lending area as it involves a number of accounting and taxation issues. We have provided quite detailed information on each of the finance facilities in our web pages and in these FAQs we provide more precise answers to direct queries. With decisions around which type of business vehicle finance is best suited for your business, we highly recommend you consult with your accountant. For a quote on your car loan or to answer more questions, please call us on 1300 000 003.
The treatment of tax deductions varies with the different types of business vehicle finance products. The monthly repayment includes interest and paying off the loan principle. It will also include an amount to cover any recurring lender charges.
With leasing, the repayments are tax deductible.
With Chattel Mortgage and CHP, the interest portion of the repayments is the only tax deductible element.
A tax benefit is realised by Chattel Mortgage and some CHP loans by way of asset depreciation. With these types of finance the vehicle is entered in the balance sheet of the borrower and is subject to a depreciation allowance in accordance with ATO rulings.
With Vehicle Leasing, the vehicle is not entered in the borrower’s balance sheet as ownership is retained by the lender. So the asset is not subject to the tax benefit of depreciation by the borrower.
So Leasing provides a tax benefit with the monthly repayments and Chattel Mortgage and CHP receive a tax deduction when the asset is depreciated in the end of year accounts.
The treatment of GST varies for Leasing, Chattel Mortgage and Commercial Hire Purchase. GST is charged on the purchase price of a car but not on the interest charged on the loan.
With Chattel Mortgage and CHP the full GST which is applied to the purchase of the automobile can be claimed by the borrower/buyer when the purchase is finalised. That means on the next BAS return. As the full amount of GST applicable to the purchase has been claimed, no GST then applies to the repayments.
With Leasing the GST is applied to the repayments and claimed by the borrower on the relevant BAS returns either monthly, quarterly or annually according to their BAS lodgement schedule.
The same guidelines apply to the balloon and residual payments.
Please note claims maybe upto luxury car tax threshold.
We offer the full portfolio of commercial finance facilities for business vehicle purchases:
Each lending type offers tax benefits and has varying treatments of GST and other finance and accounting elements. The ownership of the vehicle during the loan term also varies. With Chattel Mortgage and CHP the borrower has ownership and use of the vehicle when the purchase is finalised. With Leasing, the borrower has full use of the vehicle but ownership is retained by the lender.
The different types of business vehicle finance – Chattel Mortgage, CHP and Leasing – have different features in regard to the treatment of GST, tax deductions, ownership of the vehicle, balance sheet entries and suitability to either the cash or accruals methods of accounting.
Due to the accounting implications, it is strongly recommend that business owners refer to their accountant, chief financial officer or financial advisor for advice as to which finance product is best suited to achieve their financial objectives.
It is not within the scope or responsibility of the role of Jade to advise on the specific selection of finance products for individual customers or businesses.
The Federal Government introduced a number of accelerated asset depreciation measures as part of the coronavirus economic stimulus response. These include Instant Asset Write-Off and temporary full expensing.
Both these measures relate to depreciation or writing off the value of the asset, that is the vehicle in the year of purchase rather than over time under usual ATO rulings.
In order to depreciate the car as an asset, the borrowing company must have that asset on their books. That is, as an asset for their company. This is the case with Chattel Mortgage but not with Leasing. So our understanding is that Chattel Mortgage is most suited to realise the benefits of these measures.
