Auswide Finance

Having access to a wide range of Australia’s best lenders enables Auswide Motor Search to tailor a finance package that best suits your needs. Our finance options include Commercial Hire Purchase, Chattel Mortgage, Asset Lease and Novated Leases.

Finance on plant and equipment is also available at very competitive rates, from office fit outs, medical equipment, farming and agriculture equipment to heavy haulage.

Auswide also specialise in rare and vintage cars as well as new and used motorcycles.

Hire Purchase

Financier buys car on behalf of customer and Hires back.

Fixed interest rates.

GST is not charged on the monthly rental or residual. If registered for GST can claim back in vehicle price.

Suits:
Companies, Partnerships and Sole traders on ACCRUAL method of accounting

If registered for GST you can claim input credits to claim some or all of GST in purchase price

If ACCRUAL can claim GST back in lump sum at BAS.
If CASH claim over the term of the contract.

If used for business purposes hirer can claim depreciation up to cap and interest charges on the contract.


Chattel Mortgage

Take ownership at time of purchase.
Financier advances funds to purchaser.
Financier takes mortgage over the vehicle.

No GST is charged on the monthly repayments or the residual.

Suits:
Companies, Partnerships and Sole traders on CASH method.

GST is charged on the Purchase Price.

Customer can claim interest charges and depreciation.

Finance secured against the vehicle.


Asset Lease

Enables customer to have use of their business equipment and benefits of ownership while financier retains actual ownership.

At the end of the lease customer can pay a residual on the lease and take ownership, sell the equipment or re-finance the residual and continue the lease.

Equipment does not sit on the books.
Can claim tax deductions for payments.

GST is claimed by the financier so finance amount is sale price less GST. Reducing repayments.

Can make advance lease payments for tax deductions or cash flow purposes.

GST is charged on the monthly lease rental and residual at the end of the lease. Where the customer is registered for GST they can claim some or all of the GST contained in the lease rental and residual value as an input credit on next BAS.

Can claim the lease rentals as a tax deduction.


Novated Lease

Employer agrees to take on employee’s lease obligations while Employee is working for them.

Lease repayments and associated vehicle running costs are paid using pre tax income.

Three way agreement between the Employee, the Employer and the finance company.

When employment ceases the lease obligations revert back to the employee, they can take the vehicle to their next employer and re-novate.

The employee retains an accrued equity in the vehicle.

GST is not charged on the monthly rental. If registered for GST can claim input credits.
GST is charged on the residual payment.



To discuss your options or request a quote please contact our leasing manager Cameron Smith on 1800 333 008 or email csmith@ausmotorsearch.com.au.