FAQ

Name: Jade Car Loans
Brand: Car Loans - Cheap Car Finance From 6.94%* | JADE
Rating: 4.95 (1378 reviews)

Below are a few frequently asked questions that may help you when choosing a loan that's right for you.

Can't Find What You're Looking For?

FAQs Commercial Hire Purchase

Jade offers a number of financing facilities for business vehicles – CHP, Leasing and Chattel Mortgage. The decision as to which one to select will depend on the accounting method used by your business, your approach to the balance sheet and financial objectives.

The treatment of GST differs for Leasing compared with CHP and Chattel Mortgage. With CHP the income tax benefit is realised at the end of the year with depreciation while with Leasing, the repayments are tax deductible.

Your accountant is usually the best person to consult on these matters as they have an in-depth knowledge of your business structure. It is not the role of Jade to advise on those types of decisions. Our objective is to source you the cheapest CHP deal that suits your requirements
No. Jade Car Loans arranges Commercial Hire Purchase vehicle finance at a fixed interest rate. The interest rate is negotiated individually for each customer. We source the cheapest rate that suits your requirements from across our large lender panel.

The rate is fixed at that amount for the entire term of the CHP agreement. The fixed rate then determines the fixed repayments to provide certainty in planning cash flow. The fixed interest rate applies to the repayments and to any balloon amount that you have chosen to include in your loan.

As a fixed rate, the interest payable will not vary with fluctuations in official interest rates as determined by the RBA.

The full amount of the repayments is not tax deductible, only the interest portion of the repayment is deductible. The borrower realises a tax benefit or deduction, at the end of the financial year through the depreciation allowance. The allowed amount of depreciation is deducted from pre-tax income and reduces the tax obligation.

The car is depreciated as per ATO rulings as a certain percentage each year over the depreciable term of the asset. That term may be spread over a longer period than the actual CHP loan term. Cash or accrual GST claims can vary on how the GST method is claimed against the motor vehicle.

Jade recommends you discuss with your taxation professional or accountant when deciding on the best method for your business.
No. When hiring a car, you enter an agreement for the use of a vehicle owned by someone else for a short term period. You use the vehicle, pay the hire fee and return the vehicle at the end of the day/week/month.

Commercial Hire Purchase is a form of loan which works towards the borrower owning the automobile. The borrower enters into a hire agreement with the lender. The borrower makes hire payments in accordance with the loan agreement and when all payments including any balloon are finalised, the borrower assumes ownership of the goods.

CHP is a versatile form of finance which can be used for the purchase of a wide range of business vehicles and equipment.

Can't Find What You're Looking For?

How we have helped Australians like you

      EXCELLENT  
   Based on 1378 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Alessio Mosticone 
 
 
 
 Trustindex verifies that the original source of the review is Google. I recently organised equipment finance through Jade Finance and had the pleasure of dealing with Barry throughout the entire process. From start to finish, he made everything incredibly easy and stress-free, keeping me informed every step of the way.

What really stood out to me was Barry’s genuine commitment to getting me the best possible deal. It’s clear that he truly cares about his clients and goes above and beyond to achieve the best outcome for them. Having someone you can trust who genuinely has your best interests at heart makes the whole experience so much more comfortable and reassuring.

I’m honestly so impressed with everything Barry has done for me and couldn’t be happier with the service I received. I would highly recommend Barry to anyone looking for finance. An absolute pleasure to deal with!
  
 
      Posted on Google  
   
   Kyle Best 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great to deal with , find you the best possible rate , fast and efficient service would highly recommend
  
 
      Posted on Google  
   
   Mark Jackson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Really good to work with thanks heaps
  
 
      Posted on Google  
   
   Allan Bryant 
 
 
 
 Trustindex verifies that the original source of the review is Google. Like was great help even after a few sticky situations with the seller. Will do business again with him 👌🏽
  
 
      Posted on Google  
   
   Stephan Graham 
 
 
 
 Trustindex verifies that the original source of the review is Google. Such a helpful service and Skye made the application process easy to understand, with freedom to choose a product which was right for me with financing my new car. Thankyou Skye @ Jade finance 😃
  
 
      Posted on Google  
   
   Treyden Brotherton 
 
 
 
 Trustindex verifies that the original source of the review is Google. Really great first experience, hassle free and consistent communication. Ethan was also extremely nice and helpful
  
 
      Posted on Google  
   
   Thomas Shaun 
 
 
 
 Trustindex verifies that the original source of the review is Google. Amazing service. Spoke with a few brokers all were not willing to have a go. I was pleasantly surprised when Ethan gave it a go and got the result we wanted. Very impressed and great communication would highly recommend. Pleasure to work with
  
 
      Posted on Google  
   
   Shaun O'Toole 
 
 
 
 Trustindex verifies that the original source of the review is Google. Thomas Koenig was first class in his efforts for me.I enquired on the Monday and by Friday I picked up my new boat!! He is a credit to the company and highly recommended. Communication was excellent alsoThanks again.