Everyday newspapers inform about slow car sales and the discounts car dealers are offering. Combining with the historically low interest rates, it could be a great time to look at financing a new car. It costs nothing other than the time to look into the savings. Alliance Equipment Finance can organise an obligation free pre-approval for users and they can go shopping with confidence.
If users are using the vehicle for income generating purposes, they can finance the vehicle for business use. Alliance E-Finance can assist the customer with a number of products depending on the individual circumstances.
To ensure users have taken advantage of any tax incentives that may be applicable, it is important that they seek independent financial and tax advice.
Following are the products offered by Alliance Equipment Finance:
- Commercial Hire Purchase (CHP): It is aimed at clients who wish to guarantee ownership at the end of the term. It offers flexibility as it allows users to select the contract term, decide whether they would like to include a deposit and nominate a balloon payment (final instalment). This ensures that users can structure the repayment to suit their budget. Tax benefits regarding the interest charges and depreciation may be applicable. The repayments are also fixed for the term of the contract.
- Finance Lease: Another flexible product aimed at customers looking to acquire a new vehicle without tying up any valuable working capital. Users have the benefit of an agreed residual payment which will lower their monthly repayments versus other traditional loans.
- Novated Lease: A Novated Lease can be beneficial if users are an employee or employer. An employee seeking tax benefits may find a Novated Lease appropriate and an employer looking for a cost-effective way to add value to employees may find it suitable. A Novated Lease is a three way agreement between the employer, employee and Alliance e-finance. A Novated Lease allows the employee to pay for their vehicle from pre-tax salary.