Truck loans, Plant and Equipment loans
– we are the experts!

Individual owner/operator? Small business, medium to large company? Makes no difference to us! Your business is our business! Whether you need a truck or excavator, any wheels or equipment for your business, our goal is to match you to the ideal loan.

We finance all kinds of wheeled goods, equipment and machinery. Whatever it is, we have the loan to suit.

• Trucks
• Buses
• Forklifts
• Factory fitouts including Plant and equipment
• Earthmoving machinery
• Farm machinery
• Trailers

We can even structure the repayments to suit your specific businesses cashflow needs: Monthly, quarterly, seasonal and irregular.

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 liaise directly with your accountant to make the approval process as smooth as possible.

Is your Income difficult to prove?

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

Loan Types

Chattel Mortgage

This loan type has become massively popular since the introduction of GST. The title of the goods remains with you, 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 goods as well as any 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 balloon can be tailor made to suit your unique use of the goods (equipment life expectancy/wear and tear/ disposal strategy etc)

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 goods and interest on the loan. 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 goods. On the flipslide, The financier is able to claim this GST component, thus enabling the lease repayment figures to be based on the goods purchase price less GST. And although the buyer is unable to claim GST on the purchase price of the goods, the GST component of the lease repayments can be claimed. A lease requires a residual payment that is governed by the ATO. However, there is scope to go outside these minimum or maximum guides with accountant supported reasoning. Leasing these days is usually used to reduce tax liablity given that the entire lease repayment is generally claimed as a tax deduction.

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 goods depreciation and the interest component of the loan. Unlike a Chattel Mortgage however, the goods title is deemed to remain the property of the financier (you are considered to be “hiring” the goods, with a view to outright purchase at the end of the term. The GST is paid by you as part of the repayments, and is generally claimable. This is worth discussing with us in conjunction with your accountant as there are differing views on when GST may be claimable, either amortisted over the life of the loan or up-front.

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 truck 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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