Business vehicle loans - we are the experts!

We are the Business Loan specialists. Whether you need a Lease, Corporate Hire Purchase or Chattel Mortgage, we can help.

All kinds of wheels. Regardless of model or make, we have the loan to suit.

• Sales Representatives
• Tradies
• Couriers
• Hairdressers
• Pizza delivery...you name it...

...we have the loan to suit. It doesn’t matter if it’s short, medium or long term, we have the right lender for you. We can deal direct with your Accountant to make the approval process as smooth as possible.

Is your Income difficult to prove?

Been in business for one year (Esanda) or more?

Accountant not finalised your figures but need your vehicle yesterday?

We have fast, hassle-free LOW DOC Vehicle loans available.

Loan Types

Chattel Mortgage

This loan type has become massively popular since the introduction of GST. Technically, the title of the goods remains with the buyer. As the goods are “one the books” as an asset rather than a “goods hire” situation, you have the ability to claim a tax deduction against the depreciation on the vehicle as well as and interest charges related to the loan itself. Additionally you may you have the potential to reclaim GST on the purchase price, depending on how your accountant has set up your books (it always pays to check with your accountant before final selection of a finance product). Chattel mortgage has all the payment flexibility of a good old fashioned CHP, with the added advantage of having the ability to reclaim GST. The loan term and residual can be tailor made to suit your unique use of the vehicle (kilometers you travel, time you intend to keep the vehicle as well as the of wear and tear on the vehilce).

Lease

A Lease is a useful product in which any business use tax claim is made against the repayment (rental) on the lease, rather than against depreciation on the vehicle and interest on the loan. This is because technically the goods remain the property of the financier rather than the buyer (you are considered to be renting the goods). Unlike a Chattel Mortgage, as the vehicle title remains with the Leasor (the financier), the buyer (Leasee) is not able to claim reimbursement of the GST component of the purchase price of the vehicle. On the flipslide however, the financier is able to claim this GST component, thus enabling the lease repayment figures to be based on the vehicle purchase price less GST. And although the buyer is unable to claim GST on the purchase price of the vehicle, the GST component of the lease repayments can be claimed.

Hire Purchase

A Hire Purchase is similar to a chattel mortgage in that it allows the buyer to level any business use tax claims against the vehicle depreciation and the interest component of the loan. Unlike a chatell mortgage however, the vehicle title is deemed to remain the property of the financier (you are considered to be “hiring” the vehicle, with a view to outright purchase at the end of the term. As such, the goods are technically not “on the books” which means that the buyer is not entitled to claim GST on the purchase price of the goods.

At National Finance Solutions and we pride ourselves on doing things a little differently. Unlike a lot of banks, we understand urgency. That is why we guarantee you can have an answer to your loan request within 24 hours or less.
We don’t make assumptions on approvals, our job is to fight for you with various lenders to get you the loan that’s perfect for your situation

“You are our primary concern and we promise to put you first - not the bank!”

After establishing your exact situation, needs and wishes, we will compare loans from a range of reputable banks and institutions to determine the loan package right for you. With our team of experienced staff, this won’t take long..

Cut through the red tape now and call us now on 13 50 55. One of our skilled consultants local to you is standing by now to assist.

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