Finance for your business

This product is most commonly used by businesses on accrual based accounting to finance vehicles and equipment or by individuals who use their vehicle at work.

With a CHP you can tailor your payments by selecting the term (up to five years) and incorporating a larger final instalment and/or an up-front deposit.

Other flexible arrangements to match cashflow can also be arranged, including seasonal payments and having your GST refund entitlement (if any) paid into the loan to reduce monthly instalments and interest charges.

The interest rate is fixed for the term of the loan and if the vehicle or equipment is used for income generating purposes, the interest charges and depreciation on the asset may be tax deductible. If you are a business that is registered for GST you may be entitled to an input tax credit with respect to the GST incurred on your acquisition of the asset.

Through Macquarie Leasing Direct this product offers additional benefits including:

• one year’s complimentary NRMA BusinessWise Assist
• the ability to make payments by American Express or direct debit
• a suite of insurance products including Gap Protection, Comprehensive Insurance and Warranty Extension.

For more information contact us.

This product is most commonly used by businesses on cash based accounting.

With a Chattel Mortgage, you own the asset and you can tailor your payments by selecting the term (up to five years) and incorporating a larger final instalment and/or upfront deposit.

Other flexible arrangements to match cashflow can also be arranged, including seasonal payments and/or any GST refund being paid into the loan to reduce monthly instalments and interest charges.

The interest rate is fixed for the term of the loan and if the vehicle is used for income generating purposes the interest charges and depreciation on the vehicle or equipment may be tax deductible. If you are a business registered for GST you may be entitled to an input tax credit with respect to your acquisition of the vehicle.

Through Macquarie Leasing Direct this product offers additional benefits including:

• one year’s complimentary NRMA BusinessWise Assist
• the ability to make payments by American Express or direct debit
• a suite of insurance products including Gap Protection, Comprehensive Insurance and Warranty Extension.

For more information contact us.

Most commonly used by businesses, this product allows the customer to use up-to-date vehicles and equipment without tying up large amounts of capital.

The lease can be tailored with rentals in advance or arrears, flexible terms (up to five years) and a residual value that is set to reflect the asset’s use and ATO guidelines. GST is included in each rental and the residual value, and if your business is registered for GST, you may be able to claim an input tax credit for this GST.

Through Macquarie Leasing Direct this product offers additional benefits including:

• one year’s complimentary NRMA BusinessWise Assist
• the ability to make payments by American Express or direct debit
• a suite of insurance products including Gap Protection, Comprehensive Insurance and Warranty Extension.

For more information contact us.

This product is most commonly used by individuals, enabling employees to salary package their vehicle. Vehicles must have a carrying capacity of less than one tonne and seat less than nine people.

The employee, in conjunction with their employer, signs a Novated Lease agreement for an agreed term (up to five years). Monthly rentals and a final residual payment are based on ATO guidelines. Running costs of the vehicle including monthly lease rentals, maintenance, fuel, and insurance can be salary sacrificed from the employee’s gross pay thereby reducing their taxable income.

The employer pays some or all of the running costs of the vehicle including GST and may be able to claim an Input Tax Credit with respect to any GST incurred on such costs.

The employer should also be aware that the provision of a vehicle under a novated lease is a fringe benefit and Fringe Benefit Tax (“FBT”) implications will need to be considered.

Through Macquarie Leasing Direct this product offers additional benefits including:

• one year’s complimentary NRMA BusinessWise Assist
• the ability to make payments by American Express or direct debit
• a suite of insurance products including Gap Protection, Comprehensive Insurance and Warranty Extension.

For more information contact us.