Products

Chattel Mortgage
A Chattel Mortgage is a fixed-rate loan for the purchase of business assets. The equipment belongs to the client and the loan is secured by the Lender who lodges a charge over the equipment. A Chattel Mortgage is best suited for those businesses which are run on a “cash” basis for GST. In contrast to a CHP contract, under a Chattel Mortgage the GST on the purchase can be claimed on your next BAS claim. The advantages of a Chattel Mortgage are:

• You own the equipment through the term of the agreement.
• Option to utilise a deposit or finance 100% of the cost.
• Tax benefits through interest paid and depreciation on the equipment.*
  
  

Commercial Hire Purchase
A Commercial Hire Purchase (CHP) agreement is a contract to purchase equipment on a set term with a fixed rate. Ownership of the equipment is transferred once the final payment has been made. Security is taken over the equipment financed, leaving your property free for other lending. CHP is ideal for a business that wants full ownership at the end of the term. Benefits of a CHP are:

• Option to reduce the amount financed using a deposit, or you can finance 100% of the asset cost.
• Structure the transaction with a balloon or fully amortise the finance.
• Tax benefit through interest paid and depreciation on the equipment.*
  
  

Finance Lease
A Finance Lease requires the lessee to finance 100% of the asset cost. A deposit cannot be utilised to reduce the amount financed.
A residual value, which is payable at the end of the term, must be established. Residual values are determined by the Australian Tax Office. Rental payments are fully tax deductible.*

Operating Lease

• Terms of 12-60 months
• Off-balance sheet arrangement (Off-Balance Sheet Funding will not usually appear on your balance sheet as a liability).
  The monthly rentals are treated as an operating expense and are usually considered 100% tax deductible.
  
  

Novated Lease
Novated Lease is where the employee takes out a Finance Lease with the financier for the vehicle of his/her choice. The employee, his/her employer and the financier then enter into a Novation Agreement whereby the employer makes the lease payments until such time as the end of the lease term is reached or the employee's employment ceases.
Novated leases provide significant benefits to both the employee and the employer.

Consumer Loan
A consumer and regulated Loan for non-business use. Can be structured with or without a residual over a term of 12-72 month. Option to commence monthly payments in advance or arrears.

Additional Products

• SWANN Insurance • Fully Maintained Operating Lease • Factoring • Rentals