A Finance Lease is used by businesses or individuals for the specific purpose of purchasing a new or used Holden that is for wholly or predominantly business or investment purposes In applying for a Finance Lease, you are applying to finance the Holden for the explicit purpose of using a vehicle for business use in return for regular rental payments over an agreed period of time. The financier owns the Holden until the residual is paid out. It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.

• Lease payments are tax deductible to the level of business use
• As it is the financier who owns the Holden, it is just the payment that ‘is on the books’
• No capital outlay is required and cash flow is protected
• Term can be flexible and fixed repayments make for easy future budgeting
• No monthly charges or administration fees
• For your convenience, all finance documentation completed at the time your new Holden is delivered

A Commercial Hire Purchase (CHP) is a particular type of finance product used by businesses and/or employees that require a vehicle for business use. A CHP is similar in agreement to a Chattel Mortgage, only that the lender holds title of the security until all monies are paid.

For tax purposes you may claim Depreciation, Running Costs and Interest charges against your business income at the percentage of business use applied.

Business operators may also be bale to amortise the GST component of the Holden in your B.A.S. for the term of the loan. This depends on how you remit your GST (cash or accrual).

The CHP is popular with employees who receive car allowances.

It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.

You have the option of including an upfront deposit or trade-in to reduce your monthly finance commitment, while also a balloon/residual payment can be employed at the end of the term to allow greater flexibility in payments.

Alternatively, you may chose to structure your payments to clear the debt in full over the term of your finance agreement (fully amortised).

Commercial Hire Purchase – Benefits

• Interest paid and depreciation of the vehicle are tax deductible (equal to the level of business usage)
• No capital outlay required and cash flow protected Terms can be flexible and fixed repayments make for easy future budgeting
• After full payment of the hire purchase agreement, ownership of the goods is transferred to you o You have the options to structure a loan with or with deposit and with or without a balloon payment
• No monthly fees are administration charges
• For your convenience, all finance documentation completed at the time your new HSV is delivered.

A Holden Finance Consumer Loan is the product to use when purchasing a vehicle for private or domestic use.

The vehicle is used as security for the loan, however you have ownership from the beginning of the contract. Upon the final payment you get clear title to the vehicle. A Consumer Loan is regulated under the terms of the Consumer Credit Code.

Features:

• Terms range from 12 to 60 months
• Interest Rate is fixed for the term of the loan as are your repayments.
• You can pay your loan via the convenient method of Direct Debit or BPay
• You can make a deposit to the transaction of any amount.
• Payments can be made as often as you like (ie Weekly, Fortnightly) via the Bpay method.
• Other costs associated with the purchase can be financed on the contract (like, Comprehensive Insurance, registration and on-road costs)
• You can specify a larger final payment (known as a balloon)

Benefits:

• Payments can be structured to suit you individual needs, with your budget and cashflow taken into consideration.
• With a fixed interest rate you are protected against the market fluctuations
• More frequent payments reduce your interest charges and the term of your loan.
• By financing other costs and insurance you can preserve your cash for other purposes.
• A deposit will reduce your repayments and your interest charges by reducing the amount borrowed.
• A Balloon payment has the effect of lowering your regular monthly payments and making your car more affordable.
  

  GST:

  GST is not payable on any part of the Consumer Loan transaction however may be payable on the purchase price of the vehicle or other items like Insurance.

A Novated Lease is a particular type of Finance Lease used by individuals for the specific purpose of purchasing a new or used Holden.

Similar to a Finance Lease, it involves obtaining finance for a new or used Holden in return for regular rentals over an agreed period of time. The difference is that your employer agrees to pay the rentals out of your pre-tax salary. A Novated Lease is a three way agreement between the Financier, Employer and Employee. The employer is commits only to making the payments whilst you are under their employment. If you are no longer employed by the employer in the Novated Lease agreement responsibility for the payments is transferred to you. In recent years, the popularity of Novated Leases has increase as employers seek to move away from traditional company vehicle arrangements and look for more incentives to attract and reward their employees.

It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.

Novated Lease – Benefits

• Greater flexibility with the choice of car (hopefully a Holden!)
• Finance repayments may be paid out of pre-tax income
• The Holden may be leased for 100% private use

A Chattel Mortgage (also known as; Commercial Terms Purchase) is a particular type of finance product used by businesses and/or individuals that require a vehicle for business use. A Chattel is essentially a Mortgage over your Holden.

For tax purposes you may claim Depreciation, Running Costs and Interest charges against your business income at the percentage of business use applied.

It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.

The Chattel is a very flexible finance option. You have the ability to finance the full purchase price or incorporate a deposit/trade-in to reduce your payment commitment. Another option is a balloon/residual payment placed at the end of the finance term to allow even greater flexibility of repayments.

Alternatively, you may choose to structure your payments to clear the debt in full over the term of your finance agreement (fully amortised).

Chattel Mortgage – Benefits

• Depreciation, interest charges and running costs are all tax deductible (to the level of business use)
• No capital outlay is required and cash flow can be protected
• After full payment of the Chattel Mortgage agreement, the financier releases the Mortgage over the Holden
• You have many varied options of deposits or balloon payments at the end of the term of your choice
• No monthly charges or administration fees
• For your convenience, all finance documentation completed at the time your new Holden is delivered