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Business Car Finance Leasing HP & Chattel Mortgage

12 Jul Today's
best rates
Today's Business Rate
From 2.85 %*
Fixed

*The Interest Rate is calculated on a Secured Loan for business use, effective 12/07/2020 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Today's Consumer Rate
From 3.85 %
Fixed
Comparison Rate
From 4.65 %**
Fixed

**The Comparison Rate is calculated on a Secured Loan of $40,000 fixed for a term of 5 years, new goods, effective 12/07/2020 and subject to change. WARNING: The Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.

Jade Car Loans provides the full range of commercial finance facilities for the purchase of motor vehicles for business purposes. Our portfolio includes products to suit all types of businesses including self-employed, SMEs and large corporations for single, multi or fleet vehicle purchases. We also offer novated lease with salary sacrificing for individuals who choose to make this arrangement with their employer.

Our Jade consultants are highly experienced business vehicle finance specialists with the resources and network of lender contacts to source an exceptional car finance deal to suit your business requirements.

All our business lending products feature:

  • The Jade signature low interest rate
  • Interest rate fixed for the term of the finance contract
  • Fixed monthly repayments
  • Fixed finance term
  • No deposit car loan options available

Selecting which is the most suitable business motor finance or leasing facility for your business will be determined in consultation with your accountant.

Major differences across business vehicle finance products:

  • Suitability for different methods of business accounting method
  • GST treatment
  • Tax deductibility of the repayments, interest, fees etc
  • Depreciation
  • On or off balance sheet item
  • Ownership/title of the vehicle during the term of the finance contract

Car Lease – Key Features

  • Fixed interest rate, fixed loan term, fixed monthly repayments.
  • GST on repayments and the residual is paid and claimed by the borrower.
  • Off-balance sheet item. Repayments treated as operating expense.
  • Lender retains ownership title until all payments are finalised.
  • Residual set according to ATO guidelines.
  • More Information On Car Lease

Novated Car Leasing and Salary Sacrificing – Key Features

  • Financial agreement between employee, employer and lender.
  • Employer pays monthly lease payments from employee’s pre-tax salary.
  • Fixed interest rate, fixed loan term, fixed monthly repayments.
  • More Novated Lease Information

Commercial Hire Purchase (CHP) – Key Features

  • GST on the vehicle purchase may be claimed on the next BAS.
  • GST does not apply to monthly repayments and interest but does apply to fees and other charges.
  • Monthly payments are not tax deductible. Interest is tax deductible.
  • Fixed interest rate, fixed loan term, fixed monthly repayments.
  • Lender retains ownership title of vehicle until loan is finalised.
  • Learn More On Commercial HP

Chattel Mortgage – Key Features

  • Monthly payments not tax deductible, only the interest is deductible.
  • GST on full purchase price claimed on next BAS at time of purchase, so GST does not apply to monthly repayments and interest. GST charged on any charges and fees.
  • Fixed interest rate, fixed loan term, fixed monthly repayments.
  • Depreciation on the vehicle account at EOFY.
  • Lender takes a ‘mortgage’ over the vehicle until all repayments including balloon are finalised.
  • More Information On What Is A Car Chattel Mortgage

Please review more detail on each of our business vehicle finance products on the dedicated web pages or just call us and your consultant will explain the details to you.

Speak with a Jade Consultant to discuss a financing solution for your business vehicle. Call 1300 000 003

Car Finance Calculator

This finance calculator is developed to provide estimates based on the input data only. It does not allow for individual application variances. The loan offer and repayment amount you receive from your Jade consultant may be higher or lower than the result you have calculated.

 

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