Business Loans

*Business Finance

National Capital Finance offers a range of Vehicle finance solutions for your business needs. For a new company car or a new fleet of company vehicles – call us; let us save you time and money on your Business Vehicle loan!

National Capital Finance offers a range of finance solutions for when your business needs vehicle finance. Offering facilities such as chattel mortgage, hire purchase, novated leases, operating and fully maintained leases, call us to discuss options for which product may be suitable for you.

 Note: This product is not available in some areas and is only available to approved purchase..

*Chattel Mortgage

Is essentially a charge over goods to be financed? The Chattel Mortgage allows businesses who operate under a ‘cash accounting’ basis to claim the full input tax credit from GST incurred expenses when their next BAS statement is due. A chattel mortgage is flexible if you do or don’t require a balloon or residual payment. We also have the option of having you approved on a Low doc loan. Conditions apply Loan structures can be tailor made on a similar basis to Finance Lease & Asset Purchase facilities.

Note: This product is not available in some areas and is only available to approved purchase.

*Hire Purchase

Hire Purchase is essentially a rental agreement, but differs from a finance lease in that the goods automatically become yours once all terms of the agreement have been completed. With National Capital Finance lenders ownership of equipment rests with them until the final payment is made, however for tax purposes you may be able to claim equipment depreciation and interest paid, against your business income. (Check with your accountant). A chattel mortgage is flexible if you do or don’t require a balloon or residual payment. We also have the option of having you approved on a Low doc loan. Conditions applies. Whatever the requirement, National Capital Finance can negotiate a repayment schedule to suit your needs.

Note: This product is not available in some areas and is only available to approved purchase..

*Low Doc Car Loans

Haven’t done your tax ??? Unable to provide a Tax Return??? We may have a solution for you… Provided you have had a good payment history in the past, clear credit, asset backing and an ABN holder for 1 year or more – ask us, we may be able to help get the car or your dream, or even that work vehicle that will help expand your business.

Note: This product is not available in some areas and is only available to approved purchase..

*Car Lease

A Car Lease (or ‘finance lease’) is a form of finance which enables business owners, employees or contractors to have the use of a car (or commercial vehicle, motorcycle, or another form of suitable transport) and all benefits of ownership, with the tax benefits that come from having another company (in this case the finance company) maintain ownership of the vehicle.

Exactly how does a car lease work? It’s simple: You find a vehicle you want, the financier purchases it on your behalf and you then lease it back from them for an agreed (and fixed) monthly payment. When the lease is up, you can either re-finance the residual amount and continue a new lease on that vehicle for another set time period or pay a final instalment for the ‘residual value’ of the lease and take ownership of the car yourself and possibly trade it in and upgrade to a new vehicle.

What are the benefits of a car lease? Why lease when you could just buy a car?

• You get flexible contract terms ranging from 2-5 years

• The interest rate doesn’t change – its fixed

• The monthly payment doesn’t change

• All your costs are calculated in advance

• You can apply a residual amount to the lease (see the above section) which reduces your monthly payments

• If you use the car for business there can be tax deductions

Who are car leases suitable for?

• Companies

• Partnerships

• Sole traders

• Employees who are keen to use a Novated Lease as part of a salary package

Note: This product is not available in some areas and is only available to approved purchase.