Hausing Mortgages’ team of finance specialists will present the best finance solution based on your current situation to ensure you are able to grab the keys of the car you want with minimum hassle.

Hausing Mortgages’ team of finance specialists will present the best finance solution based on your current situation to ensure you are able to grab the keys of the car you want with minimum hassle.

Hausing Mortages can advise on the best finance deal to ensure you get to enjoy your new car to its fullest with the most cost-effective finance solution.

Below are three popular types of finance for purchasing a cigar for private or business use.

Types of Finance

Bank Loan:Like a traditional loan, the lender provides you with the funds to buy a vehicle. Like any loan you will need to be able to meet regular repayments.

Positives:

  • Finance can include on-road costs.
  • Monthly payments over agreed time period.
  • Flexible terms for time and repayments.

Novated Lease: A novated lease sees your employer reduce your wage by salary sacrifice by in return for an equal value of vehicle benefits. All operating costs of the car such as registration, insurance, servicing, tyres are covered by the you.

Positives:

  • Can be leased for 100 per cent private use.
  • Allows the employee to reduce their taxable income by salary sacrificing pre-tax income.

Chattel Mortgage: predominantly used for business purposes, a chattel mortgage is a fixed loan where the lender advances money to buy a vehicle.

Positives:

  • Repayments exempt from GST.
  • Depreciation and interest charged are tax deductible.
  • Lower interest rates as finance is secured against the car.

Hausing Mortgages’ team of finance specialists can present a tailored finance solution to ensure you can drive away in your new car sooner. Call us now to discuss the car you’re looking at and how we can get you the best car finance deal.

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