Car Finance

At Finestream Capital, car finance is what we do.

We understand that there is no one size fits all approach to financing, and we work with you to ensure you receive the absolute best loan for your individual needs.

For your next car purchase, Finestream is the perfect partner.

Call us on 1300 669 538 for more information.

Or read more below.

Get a quote today!

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Car Finance is what we do.

We understand that there is no one size fits all approach to financing, and we work with our clients to ensure they receive the absolute best loan for their individual needs. Our Finance Consultants will also assist with purchase negotiations, vehicle history checks, insurance, vehicle warranty, vehicle procurement, vehicle transport, after sale vehicle care, ensuring that the whole process of purchasing a car is made as simple as possible.

From consumer loans for everyday drives to chattel mortgages for business use vehicles, our finance Consultants compare options from numerous lenders, saving you time and money.

Personal Car Finance (Consumer Car Loan)

Why would you take a risk when arranging the finance for an asset as expensive as a car?

We understand the importance of ensuring your finance is done properly, and your personal Finestream Consultant will do just that.

With a personal approach to financing, you can rest assured knowing your finance is in safe hands, giving you more time to focus on the important things like shopping for your new car.

With no obligation pre approvals, and prompt turnaround times, we remove the stress of buying a new car, making sure that every step of the process is as seamless as possible.

Whether you are purchasing a car for a growing family, or you want to take a ‘less seats, more power’ approach to your purchase, we will make it easy.

Features of a Consumer Car Loan

  • Ownership from day one
  • Regular repayments
  • Ability to make additional repayments
  • Finance for new and used vehicles from private and dealer sales
  • Finestream Consultant as your account manager for life of the loan.

Novated Lease and Salary Packaging

As an employee, you may be given the option to take out a novated lease, or a fully maintained novated lease otherwise known as salary packaging.

A novated lease is a three way agreement between the lender, you the employee, and your employer. You are able to lease the car and have the lease repayments deducted from your pre-tax salary.

A fully maintained novated lease or salary packaged vehicle allows you to package the cost of the car as well as its operating costs and deduct them from your pre-tax salary.

The typical operating costs that are usually included in a fully maintained novated lease are:

  • Finance
  • Fuel
  • Insurance
  • Registration
  • Warranty
  • Repairs and maintenance

A novated lease or fully maintained novated lease would suit anyone who is given the option by their employer of having a vehicle as part of their salary package, and wanted to know the exact cost to them of owning their vehicle.

Features and Benefits

  • You can chose your car and where you buy it from
  • You keep the car if you decide to change jobs
  • Flexible lease terms
  • Know exactly what your car is going to cost you to own and run
  • Decrease in taxable income could result in a tax saving.

As the repayments are made pre-tax it could result in some fringe benefit tax (fbt) implications. It is highly recommended that you speak to your accountant before entering into a novated lease, or fully maintained novated lease agreement.

Business Car Finance

When you are running a business, you need experts in your corner who are looking out for your best interests.

Finestream is that expert for your business’s car purchases.

Your personal finestream consultant will take the time to get to know your business, so that a tailored finance package can be prepared to suit your needs.

Better yet, they will be available to you 7 days a week, and will be able to answer any questions that arise in relation to financing your next vehicle.

Our personal approach to business car finance ensures you get peace of mind that there is one less thing you have to worry about in your business.

Our flexible finance options and fast turnaround times make it seamless and easy for your business to acquire its next vehicle.

Whether you are operating a fleet of 100 cars, or are researching your first business car purchase, finestream is the perfect partner.

LO-DOC Business Car Loans

We run a business as well, we understand how much there is to do on a daily basis. That’s why we have made it as easy as possible for businesses to purchase cars with the lo-doc business use car loan.

If you have been in business for at least two years, and are asset backed with real estate, you can have access to up to $100,000 to purchase a vehicle without the need for financial statements; providing you have good credit history and the vehicle is suitable to the financier.

We can even help you find the vehicle.

It really is that simple.

Chattel Mortgages

A chattel mortgage is a business loan used by a cross section of businesses from sole traders to large listed companies. It allows the business to own the car from day one, and make regular monthly repayments back to the financier.

After all repayments are made, the finance contract is closed and the business owns the vehicle outright.

Features of a Chattel Mortgage

  • Tax benefits (talk to your accountant first)
  • Your business owns the vehicle from day one
  • Interest rates are fixed as are repayments
  • Finance is secured against the vehicle itself

A chattel mortgage is one of the most common finance structures used for businesses when purchasing vehicles, and can be utilised as long as the vehicle is to be used for at least 50% business use.

Commercial Hire Purchase (CHP)

A commercial hire purchase is a finance product in which the business hires the vehicle from the financier for a fixed monthly cost.

The business has use of the vehicle over the term of the lease, and then retains ownership of the vehicle at the end of the lease term once all the interest charges have been paid in full.

Features of a Commercial Hire Purchase

  • contract has flexible terms ranging from 2 to 5 years.
  • fixed interest rates
  • tax deductions are available
  • monthly repayments are fixed and costs are known in advance
  • retain the vehicle at the end of the lease term

Finance Lease

A finance lease is a product that allows a business to have use of a vehicle while the actual ownership of the vehicle resides with the financier.

The financier purchases the car on behalf of the business customer, and the business customer then leases the vehicle back from the financier for a set cost per month.

At the end of the lease term, the customer can either trade in the vehicle for a new one, pay a pre-determined residual value and take ownership of the vehicle, or re-finance the residual and continue paying the lease.

Features of a Finance Lease

  • Fixed interest rates
  • Monthly costs remain the same and can be budgeted for easily
  • The vehicles cost excluding gst is financed, as the financier claims the cost of GST, this in turn lowers the repayments
  • Contract terms ranging from 1 to 5 years
  • Residuals can be applied to assist in lowering repayments
  • The vehicle would not be displayed on the balance sheet of the customer

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