Credit Agreement/Loan and Security Agreement/Loan Agreement
One of the simplest and most popular ways for many motorists to finance a new or used vehicle. This agreement enables you to place a deposit (or not) towards the contract, either as cash or by using equity in your current vehicle as a trade-in.
Flexible terms are available including the option to have a balloon amount (larger final payment) built into your contract giving you the ability to tailor the repayments to best suit your budget, as well as your vehicle trading cycle. It is also possible to have structured payment over the term.
Business Lease - for GST registered businesses
This flexible leasing plan for business users offers possible tax benefits while improving cash flow. The advantage of a Business Lease is that it enables you to structure the contract by selecting a term and you agree a suitable residual value with us, this allows you to tailor you monthly rentals to suit your budget. Residual value is is carried by you. And because the rentals are fixed and known in advance, you have firm control over your budget.
After the lease period is over, the vehicle is returned to us. You then have the option to take out a new lease and upgrade your vehicle to the latest model.
Our finance companies offer Operating Leases on new and selected demonstrator vehicles and is available to both private and business purchasers (on some brands). An Operating Lease can best be described as a long-term rental arrangement based on a term and specified kilometre allowance, and can be incorporated to include servicing over the term.
*When considering the above finance and leasing options, we recommend that you seek independent financial/legal advice based on your individual circumstances.
Further information can be obtained relating to these products along with their relevant fees & charges by clicking on the links to the three finance providers we use.