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Finance Options

As a licensed finance broker, Fleet West is accredited with several national financial institutions.  To aid in the purchase of your vehicles, we can help you choose the right finance product at competitive bank rates and offer the following finance facilities:

 

Chattel Mortgage: as an alternative to leasing or hire purchase, a Chattel Mortgage is a fixed interest rate loan supported by a mortgage over the relevant goods.  This is favourable for businesses wishing to retain the goods at the end of the term and account for GST on a cash basis.

Hire Purchase: allows you to borrow up to 100% of the goods price, or less if you wish to pay a deposit upfront.  This facility is applicable  to partnerships/individuals where there is more than 50% business use or where the goods are purchased in a proprietary limited name.  Ideally, this suits a business that wants the option of taking up ownership of the goods at the end of the term.

Operating Lease: allows you to lease 100% of the goods purchase price, with fixed repayments that may be structured to suit your business cash flow and includes items such as servicing costs and tyre replacement, if required.  At the end of the lease term the vehicle is handed back with no residual risk to the client and the asset does not appear on the client’s balance sheet.

Finance Lease: allows you to lease 100% of the goods purchase price, with fixed repayments that may be structured to suit your business cash flow.  At the end of the lease term you have the choice to upgrade the goods or refinance the existing goods.