The ins and outs of vehicle financing
Helping you find the right loan for the right car
Whether it’s a ute, a sedan or a people mover, there’s no doubt that there are a range of cars that Australian businesses need. The great news is that there are also a range of options when it comes to financing cars for your business – and at Aussie, we’ve got various options through our lender panel to help you get the car you need.
What’s a vehicle finance lease?
To put it simply, a car or vehicle finance lease means you can have the benefits of having a car or commercial vehicle for everyday use, but the lender owns the car. This is a great option for companies, partnerships and sole traders where the car will be used to generate income as it may potentially have tax benefits.
Let’s look at the benefits.
Here are some of the reasons people choose to take a lease:
- You’ll have flexible contract terms
- A fixed interest rate
- Monthly payments for easy budgeting
- There may be tax deductions if your car is used for business purposes
- The vehicle is used as security, which means a lower interest rate
- The choice of an up-to-date vehicle.
What’s the process?
If a vehicle finance lease sounds like a good option for you, you’d simply tell your Aussie broker the vehicle you’d like to purchase. The lender will buy the vehicle on your behalf, which you then lease from them on a fixed-payment, monthly amount for an agreed term.
Once the term is up, you can pay the final instalment and take ownership of the car, trade it in, or you can refinance the residual and continue leasing it. It’s up to you.
We’ve got a lot of experience working with Australian businesses, and we do it well. We take the time to get to know your needs and how you work – and that helps us organise the vehicle finance options that will work best for you. Working with Aussie means hassle-free, personalised service. And we can even organise pre-approved finance for peace of mind and better bargaining power.
The good news is that talking to Aussie won’t cost you a cent. So if you’re thinking about vehicle finance for your business, or you’d like more information, contact us on 1300 44 55 66 or enquire online today.