Congratulations! You’ve decided on the new car you’d like to purchase and now the available car finance options are overwhelming. To help make your new car or used car purchase a seamless and enjoyable experience, Tony Ireland Townsville’s highly trained and experienced finance brokers are here to help you understand the options available and select a product to help you maximise your new car finance purchase and minimise the car loan costs.

Allow us to briefly explain the car finance options available to our Queensland customers.

A Hire Purchase finance arrangement provides finance to companies and sole business professionals to purchase goods such as cars, trucks, earthmoving and professional equipment. The ‘lender’ purchases the item and gives possession to the ‘hirer’ in return for regular payments.

When the final payment is made, the ‘hirer’ owns the equipment.

WHY CHOOSE A HIRE PURCHASE

A Hire Purchase provides:

• Certain tax benefits if the financed goods are used to produce an assessable income.
• 100% finance is also available to approved customers with payments to match seasonal cashflow
• A residual figure is available at the end of the loan to reduce repayments during the term.

To help you maximise your tax benefits and to ensure this product is suitable for you, it is important to speak to you accountant. This information is provided as a resource only and not as financial advice.

A Chattel Mortgage finance arrangement provides finance to companies and sole business professionals to purchase goods such as cars, trucks, earthmoving and professional equipment. Unlike a Hire Purchase, the ‘mortgagee’ takes ownership of the goods upon delivery and the ‘lender’ secures the loan by registration over the goods.

WHY CHOOSE A CHATTEL MORTGAGE

A Chattel Mortgage provides:

• Ownership of the equipment for immediate GST claims and depreciation
• 100% finance is also available to approved customers with payments to match seasonal cashflow
• A residual figure is available at the end of the loan to reduce repayments during the term.

To help you maximise your tax benefits and to ensure this product is suitable for you, it is important to speak to you accountant. This information is provided as a resource only and not as financial advice.

A Lease provides:

• Ability to return the equipment at the end of the lease to the lender who can sell it in the marketplace
• Option to purchase the equipment at the end of the leasing period

To help you maximise your tax benefits and to ensure this product is suitable for you, it is important to speak to you accountant. This information is provided as a resource only and not as financial advice. Novated Lease – Salary Sacrifice

A Novated Lease finance arrangement provides finance to employees who have the option of receiving a car as part of their salary package. The employer pays all the rental payments to the lender and the employee enjoys full use of the motor vehicle.

WHY CHOOSE A NOVATED LEASE

A Novated Lease provides:

• All running costs associated with the daily use may be included
• Enjoy the benefits of a car without the monthly repayment
• The car can be purchased with pre-tax dollars to satisfy your employer and your net salary

To help you maximise your tax benefits and to ensure this product is suitable for you, it is important to speak to you accountant. This information is provided as a resource only and not as financial advice.

To get a no obligation, competitive finance quote, please contact on (07) 4726 7777 or email us using the form below: