FINANCE & INSURANCE
Business Car Finance & Business Car Loans
Companies, partnerships & sole traders looking for business car finance or a business car loan have a range of options available to them.
The most appropriate type of finance for each business' needs will depend on business structure, cash-flow requirements, GST registration status and tax considerations.
LMG Finance specialise in car finance for companies, partnerships, sole traders and other businesses - we have the right solution for your needs.
Business car finance options:
Finance Lease (Car Lease)
A Finance Lease (Car Lease) enables a business to have the use of a car or commercial vehicle and the benefits of ownership, while the financier retains actual ownership of the vehicle.
Commercial Hire Purchase (CHP)
Commercial Hire Purchase is a commercial finance product where a business (or an individual with a high proportion of business use) "hires" a car from the financier for a fixed monthly repayment over a term, and has the option to purchase the car at the end of the term.
Chattel Mortgage
A Chattel Mortgage is a commercial finance option under which a financier loans money to a business to purchase a car or commercial vehicle (chattel), and then secures the loan with a mortgage over the vehicle.
Novated Lease
While not strictly a business car finance option, Novated Leasing is a great way for businesses to offer an added incentive to their staff at no extra cost to the employer, by salary packaging employees' vehicles.
Fully Maintained Novated Lease
While not strictly a business car finance option, Fully Maintained Novated Leasing is a great way for a business to offer an added incentive to their staff at no extra cost to the employer, by salary packaging employees' vehicles and their operating costs.
Personal Car Finance
Individuals have a range of personal car finance and personal car loan options available to them, the choice of which will depend on how often you use your vehicle for business, whether your employer offers you salary packaging and the type of car you want to buy.
LMG Finance specialise in car finance for individuals - we have the right solution for your needs.
Personal car finance options
Commercial Hire Purchase (CHP)
Commercial Hire Purchase is a flexible finance option that suits some individual borrowers who use their vehicle for business purposes.
Novated Lease (Salary Packaging)
Novated Lease is a method of salary packaging a car, under which an employee leases a car and their employer pays the lease repayments from their pre-tax income. Depending on the type of car, kilometres travelled annually, employee's salary and a range of other factors, Novated Lease can be a tax-effective way to purchase a car.
Fully Maintained Novated Lease
Fully Maintained Novated Lease is a method of salary packaging a car and it's operating expenses, under which an employee leases a car and their employer pays the lease repayments and operating expenses from the employee's pre-tax income. Depending on the type of car, kilometres travelled annually, employee's salary and a range of other factors, a Fully Maintained Novated Lease can be a tax-effective way to purchase and operate a vehicle.
Car Loan
Car Loan, or more specifically a secured Car Loan, is a type of loan where the financier lends money for the purchase of a vehicle and also takes security over the vehicle to protect the loan.
Not sure which finance option is best for you???
Not sure which business car finance or business car loan option is best for your business?
You can send us an online finance enquiry and one of our Finance Consultants will contact you shortly.
Companies, partnerships & sole traders looking for business car finance or a business car loan have a range of options available to them.
The most appropriate type of finance for each business' needs will depend on business structure, cash-flow requirements, GST registration status and tax considerations.
LMG Finance specialise in car finance for companies, partnerships, sole traders and other businesses - we have the right solution for your needs.
Business car finance options:
Finance Lease (Car Lease)
A Finance Lease (Car Lease) enables a business to have the use of a car or commercial vehicle and the benefits of ownership, while the financier retains actual ownership of the vehicle.
Commercial Hire Purchase (CHP)
Commercial Hire Purchase is a commercial finance product where a business (or an individual with a high proportion of business use) "hires" a car from the financier for a fixed monthly repayment over a term, and has the option to purchase the car at the end of the term.
Chattel Mortgage
A Chattel Mortgage is a commercial finance option under which a financier loans money to a business to purchase a car or commercial vehicle (chattel), and then secures the loan with a mortgage over the vehicle.
Novated Lease
While not strictly a business car finance option, Novated Leasing is a great way for businesses to offer an added incentive to their staff at no extra cost to the employer, by salary packaging employees' vehicles.
Fully Maintained Novated Lease
While not strictly a business car finance option, Fully Maintained Novated Leasing is a great way for a business to offer an added incentive to their staff at no extra cost to the employer, by salary packaging employees' vehicles and their operating costs.
Personal Car Finance
Individuals have a range of personal car finance and personal car loan options available to them, the choice of which will depend on how often you use your vehicle for business, whether your employer offers you salary packaging and the type of car you want to buy.
LMG Finance specialise in car finance for individuals - we have the right solution for your needs.
Personal car finance options
Commercial Hire Purchase (CHP)
Commercial Hire Purchase is a flexible finance option that suits some individual borrowers who use their vehicle for business purposes.
Novated Lease (Salary Packaging)
Novated Lease is a method of salary packaging a car, under which an employee leases a car and their employer pays the lease repayments from their pre-tax income. Depending on the type of car, kilometres travelled annually, employee's salary and a range of other factors, Novated Lease can be a tax-effective way to purchase a car.
Fully Maintained Novated Lease
Fully Maintained Novated Lease is a method of salary packaging a car and it's operating expenses, under which an employee leases a car and their employer pays the lease repayments and operating expenses from the employee's pre-tax income. Depending on the type of car, kilometres travelled annually, employee's salary and a range of other factors, a Fully Maintained Novated Lease can be a tax-effective way to purchase and operate a vehicle.
Car Loan
Car Loan, or more specifically a secured Car Loan, is a type of loan where the financier lends money for the purchase of a vehicle and also takes security over the vehicle to protect the loan.
Not sure which finance option is best for you???
Not sure which business car finance or business car loan option is best for your business?
You can send us an online finance enquiry and one of our Finance Consultants will contact you shortly.
Car Finance and Car Loan Packages
LMG Finance offers a complete range of tailored business car finance & car loan and personal car finance & car loan solutions. No matter whether you need a Car Lease, Commercial Hire Purchase (CHP) or Chattel Mortgage, Novated Lease or Car Loan one of our consultants have the knowledge, skill and experience to find the right option for you. We can also help you re-finance your existing car finance or car loan to help you find a better deal.
We save you time by doing all the comparisons and running around for you. Plus, with a wide range of lenders, low interest rates and money-saving features such as no ongoing fees and preferential payout options, you'll save money too.
LMG Finance offers a complete range of tailored business car finance & car loan and personal car finance & car loan solutions. No matter whether you need a Car Lease, Commercial Hire Purchase (CHP) or Chattel Mortgage, Novated Lease or Car Loan one of our consultants have the knowledge, skill and experience to find the right option for you. We can also help you re-finance your existing car finance or car loan to help you find a better deal.
We save you time by doing all the comparisons and running around for you. Plus, with a wide range of lenders, low interest rates and money-saving features such as no ongoing fees and preferential payout options, you'll save money too.
