Car Loans, Asset & Equipment Finance

 

Car Loans

When it comes to buying a new car, finding the right finance to suit the purchase often isn't the most exciting part, but it can be the easiest! 

 

We know that your choice of car isn't the only thing that matters – you also need to be confident that you have the right finance in place for your purchase.

When you're in the market for a car, it's easy to accept the finance solution offered by your dealer or bank. But chances are you could save money by shopping around. And we know how important that is.

That's where we can help. We give you access to a wide range of lenders all competing for your business. We can explain the options and help you decide which vehicle finance option is best suited to your needs - no matter whether you're buying through a dealer or private sale.

 

Car loan pre-approval

Car loan pre-approval gives you a budget, spending limit and guidelines to stick to when you are shopping for your new car. This will keep you from spending more than you should or being hassled by car salesman. 

Mortgage Choice will find you the right home loan, complete the paperwork and secure pre-approval so you can shopping!

 

 

Our car buying service

No time to search for the right car yourself? Our car buying service gets you the right car at the right price, delivered to your door.

Use our national buying power to get a great deal with no haggling & no hassles! We search a national network of car dealers to get the best deal, then deliver your new car to your door. We can even help you with the trade-in of your old vehicle.

 

Equipment Finance

No matter whether you’re just starting out in self-employment, or you have an established business enjoying strong growth, chances are at some stage you’re going to need new equipment.

As a small business operator, I understand how challenging it can be to know which funding option is right for your business. With access to an extensive panel of lenders, I can pinpoint the financial strategy that works for your business and the most competitively priced lender to suit your cash flow.

Using this form of finance removes the need to spend large sums on equipment by enabling you to essentially rent or lease items over a set period of the contract.

This form of finance can be used to acquire a range of expensive equipment, such as vehicles, forklifts, IT hardware, telephony systems, industrial machinery and other forms of plant and assets. 

This finance does not cover trade and operating expenses or property.

Equipment finance is particularly helpful for businesses that want to manage their cash flow, and finance companies may take into account seasonal cash flow variation when creating a finance payment plan.

 

Choose the right arrangement

Various types of equipment finance are available, including hire purchase, finance leases and equipment loans.

Hire purchase will suit a business that wants to eventually own the assets outright, although the finance provider owns the equipment until the contract is paid out. A deposit is usually not required.

An equipment finance lease is similar to a hire purchase arrangement, but rather than making payments with the goal of owning the equipment, the business negotiates a new arrangement at the end of the lease contract, and either continues leasing the existing item or opts to lease a new item. This enables a business to have access to the latest equipment without constantly spending capital.

Another option is an equipment loan (sometimes known as a chattel mortgage), which is a fixed interest loan secured by a mortgage over the asset. This arrangement has some tax advantages, in that GST is not paid on loan repayments.