Newsagency Finance

Asset Finance

Motor Vehicle

Vehicles to be Financed Through the Business

Which Finance Type is Most Suitable For Me?:

If I would like to fully pay off the vehicle over the term
Or - Would like to contribute a deposit or trade in amount
Or - If the vehicle cost is over $57,009
Or - Get high deductability in the early years of the contract
Or - Have flexibility with deposits and balloons

Then I need a

Commercial Hire Purchase Quote

Due to interest rate considerations, we do not offer finance for amounts under $10,000 as the interest rates are prohibitive.

If I need this flexibility

Plus my turnover is less than $1 Million

and I need to claim back the GST in the purchase price

Then I need a Chattel Mortgage Quote

Due to interest rate considerations, we do not offer finance for amounts under $10,000 as the interest rates are prohibitive.

 

If I am not interested in having ownership of or equity in the vehicle
And I would like equal tax deductions each month and year from the vehicle
And I want the payments to be based on the net purchase price of the vehicle with a residual amount at the end which should equal the vehicle value at that time

Then I need a Lease Finance Quote

Due to interest rate considerations, we do not offer finance for amounts under $10,000 as the interest rates are prohibitive.

 

Input Term (months)

Input Amount Financed

Input Residual Value

Input Interest Rate

36 or 48 months

 eg enter $20,000 as 20000 

 eg enter $3,000 as 3000 

 

Monthly Repayment

  • The above repayments are quoted monthly in advance, i.e. the first rental being payable on settlement
  • With Commercial Hire Purchase and Leasing contracts there is a once only $110 document fee which is payable with the first rental
  • With Chattel Mortgage finance there is a $350 document fee which can be paid with the first rental or financed with the vehicle purchase
  • Monthly repayment quoted does not include stamp duty which varies from state to state
  • The tax deduction is the depreciation of the vehicle plus the interest portion of the repayments

 

 

 

 

Newsagency Finance

Copyright Robert Mayor & Associates P/L 2007