Products

Understanding our products

We’re able to offer a variety of finance products to suit your customer needs. Below is an overview of each of our products.

Consumer loan

Consumer Loan is a finance product that provides the borrower with funds to purchase a vehicle for personal use. These vehicles include motor vehicles, caravans, and road registrable motorcycles.

Consumer Loans are regulated by the National Credit Code under the National Consumer Credit Protection Act 2009 (Cth), and are subject to stringent regulatory requirements. We hold an Australian Credit Licence, enabling us to engage in credit activities with consumers.

Structure

The customer may use the vehicle subject to the mortgage that we take over the vehicle as security for the loan.

Once the term of the loan is completed and any balloon payment (and other amounts owing) is paid, we will remove our PPSR security registration over the asset. Alternatively, the customer can apply to refinance if the balloon payment is over $5,000.  

Term 12 to 84 months
Deposit Optional
Repayment options
  • Monthly
  • Fortnightly 
  • Repayments are made in arrears
Balloon/residual payment
Available on request, subject to credit assessment
Ongoing tax outcomes None notable
GST
  • GST should be payable on the initial asset purchase and can be included in the amount financed
  • No GST should be payable on the repayments, balloon or term charges.

Chattel mortgage

Under a Chattel Mortgage, we lend money to the customer to purchase a motor vehicle or other approved assets (the “chattel”), and the customer makes regular repayments.

Structure

The customer may use the chattel subject to the mortgage that we take over the chattel as security for the loan.

Once the term of the loan is completed and any balloon payment (and other amounts owing) is paid, we’ll remove our PPSR security registration over the asset. Alternatively, the customer can apply to refinance if the balloon payment is over $5,000.

Term

12 to 60 months

Deposit

Optional

Documentation fees financed

Optional

Repayment options

  • monthly
  • repayments can be made in advance or arrears.

Balloon payment

Optional

Ongoing tax outcomes

Interest and depreciation may be deductible for the client for income tax purposes

GST

  • GST should be payable by the customer on the initial asset purchase and can be included in the amount financed
  • If the borrower is registered for GST they may be entitled to claim input tax credits upfront.

Novated lease


A Novated Lease agreement is where an employee leases a car and their employer assumes certain obligations under this lease. The employer will pay the rentals out of the employee’s salary whilst the employee remains employed by them. The employee retains a limited number of other obligations under the lease agreement.

Structure

We retain full ownership of the asset.  The client's employer pays the monthly rental and once the term of the loan is completed and the residual value (and other amounts owing) is paid, we'll remove our PPSR security registration over the asset. Alternatively, the customer can apply to refinance if the residual value is over $5,000.

Term

12 to 60 months

Deposit

Not available

Repayment options

  • monthly
  • repayments can be made in advance or arrears.

Payment terms

Failure by the employer to pay the rentals constitutes a default

In the event that the employee ceases or changes their employment, they'll be liable for the lease payments. They may then apply to re-novate the lease to a new employer.

Residual Value payment

Residual Value amount required. Minimum set according to ATO guidelines.

Ongoing tax outcomes

Net payments (excluding GST) are taken from the employee's pay, potentially reducing the employee's taxable income.

GST

  • there should be no GST payable by the client or employer on the initial asset purchase
  • GST should be payable on the rental payments over the life of the contract and should be payable on the residual value
  • if the employer is registered for GST they may be entitled to claim input tax credits in relation to the rental payments
  • employee is responsible for any GST on the residual value. They may not be entitled to claim any input tax credits in relation to this amount.

Additional information

^ Energy Leasing is provided by Macquarie Equipment Rentals Pty Limited ABN 44 112 079 268 ("MER"). All finance applications are subject to the satisfaction of approval criteria.

This information is provided by Macquarie Leasing Pty Limited ABN 38 002 674 982 Australian Credit Licence 394925 (Macquarie Leasing) for use by accredited introducers only. In no circumstances is it to be used by a potential client for the purposes of making a decision about a credit product or class of products.

Macquarie Leasing and MER recommend that you and/or your clients review the relevant documentation and form your own opinion or seek independent advice as to the financial, accounting and tax consequences of entering into any of the products mentioned above.