One of the simplest and most popular ways for many motorists to finance a vehicle. This agreement enables you to place a deposit (of an amount that suits you, or not at all) 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 payment (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 scheduled payments built into the structure.
Deposit > Monthly Payments > Ownership
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. At the end of the term, the residual value is your responsibility. 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.
Some of our finance companies offer Operating Leases on new and selected demonstrator vehicles and is available to both private and business purchasers (dependant on the finance company). 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.