Whether you are a sole trader, own your own company, in a partnership, employer or individual looking for car finance that will cater for business use. There are various factors that will determine which options is best for you. Please call an experience lambfinance commercial loan expert to discuss options available to you.

Novated Lease

Employee Contribution Method

A novated lease is a form of salary packaging a car and all of its running expenses. The employee leases the vehicle through the financier and the employer take on the obligation to make repayment from the employee’s salary before tax or pre-tax salary. It is the most tax effective way for an individual using their vehicle for personal use to get GST savings on the purchase price of the car and income tax savings. The employee contribution methods offset all the FBT payable on the lease. It is the easiest method as it requires no log book.

Operating Cost Method

This method of novated lease is only available for people with significantly high business use. This method requires a log book however can drastically increase the tax saving.

Chattel Mortgage

A commercial loan that is structured to suit companies and individuals who use their vehicle for more than 50% business use. The financier takes a mortgage on the vehicle as security for the loan. For GST registered companies they can claim the GST on the purchase price of the car. There is also no GST on the monthly repayment to the financier. You can also choose to factor in your operating costs to make it more convenient to manage your vehicles expenses.

Finance Lease

A Finance lease is a commercial finance product by which the customers or business can enjoy the benefits of owning a vehicle whilst leasing it from the financier. The financier purchases the vehicle on behalf of the customer, who then leases the vehicle back from the financier. The customer can have the option to buy the vehicle at the end of the lease usually by paying the residual balance. There is an upfront GST saving on the purchase price of the vehicle and is a product suitable for companies, sole traders, partnerships and individuals who have minimum 50% business use.

Car Allowance

If you company pay you a car allowance or simply add the allowance onto your gross salary it means that you are eligible for all the above commercial finance products. Don’t get caught out purchasing the wrong car and wrong finance product for your allowance.

Regular Car Loan

  • Upfront GST Savings
  • Business Use
  • Private Use
  • Low Doc Loan
  • Car Allowance
  • Brand New Car Discounts
  • Trade Vehcile Allowed
  • Save Money On Tax
  • GST Claim On Finance Repayments
  • GST Claim On Car Price
  • No Deposit Required
  • Salary Packaging Tax Savings
  • Residual/Balloon Value Compulsary
  • Fleet Discounts On Brand New Cars
  • No Early Termination Charges
  • No Interest On Payout

Novated Lease

  • Upfront GST Savings
  • Business Use
  • Private Use
  • Low Doc Loan
  • Car Allowance
  • Brand New Car Discounts
  • Trade Vehcile Allowed
  • Save Money On Tax
  • GST Claim On Finance Repayments
  • GST Claim On Car Price
  • No Deposit Required
  • Salary Packaging Tax Savings
  • Residual/Balloon Value Compulsary
  • Fleet Discounts On Brand New Cars
  • No Early Termination Charges
  • No Interest On Payout

Chattel Mortgage

  • Upfront GST Savings
  • Business Use
  • Private Use
  • Low Doc Loan
  • Car Allowance
  • Brand New Car Discounts
  • Trade Vehcile Allowed
  • Save Money On Tax
  • GST Claim On Finance Repayments
  • GST Claim On Car Price
  • No Deposit Required
  • Salary Packaging Tax Savings
  • Residual/Balloon Value Compulsary
  • Fleet Discounts On Brand New Cars
  • No Early Termination Charges
  • No Interest On Payout

Operating Lease

  • Upfront GST Savings
  • Business Use
  • Private Use
  • Low Doc Loan
  • Car Allowance
  • Brand New Car Discounts
  • Trade Vehcile Allowed
  • Save Money On Tax
  • GST Claim On Finance Repayments
  • GST Claim On Car Price
  • No Deposit Required
  • Salary Packaging Tax Savings
  • Residual/Balloon Value Compulsary
  • Fleet Discounts On Brand New Cars
  • No Early Termination Charges
  • No Interest On Payout

Finance Lease

  • Upfront GST Savings
  • Business Use
  • Private Use
  • Low Doc Loan
  • Car Allowance
  • Brand New Car Discounts
  • Trade Vehcile Allowed
  • Save Money On Tax
  • GST Claim On Finance Repayments
  • GST Claim On Car Price
  • No Deposit Required
  • Salary Packaging Tax Savings
  • Residual/Balloon Value Compulsary
  • Fleet Discounts On Brand New Cars
  • No Early Termination Charges
  • No Interest On Payout
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