Vehicle Finance

Click to view the features for the finance that suits you:
  • Chattel Mortgage
    ​    With or without a deposit, with or without a residual payment, flexible terms
  • Lease Finance
    Finance 100% with a residual to minimise cash outlay and maximise productivity
  • Consumer Loans
    For borrowers where the vehicle is predominantly personal use
We have a very efficient service to quickly put you in the seat of your chosen car - new or used. Car finance is also known as equipment finance, but some special guidelines and rules apply. The two categories of vehicle finance are:
  • Predominantly Business Use
  • Personal Use
We can finance 100% of the value of the vehicle, including on-road & dealer delivery costs, subject to lender's credit assessment. Older vehicles are not preferred by lenders as security. Deposits, either from cash or trade in may be requested where the vehicle appears over-priced, or where justified to improve the credit profile of a loan application.

Characteristics and rules applying to car finance include, but are not limited to:
  • Lease Finance must be for 100% of vehicle purchase price
  • Cars with a purchase price greater than $57,009 (luxury car limit) cannot be financed under Lease Finance
  • Lease Finance must have a residual (end) value in line with the expected market value of the vehicle, in line with ATO (Tax Office) guidelines.
  • Vehicles purchased privately, or through a supplier that is not a recognised & acceptable supplier, must be inspected and valued by an authorised representative of the lender
  • As is the case with any equipment financed, the borrower is liable for the debt, regardless of the value of the vehicle. Therefore, careful consideration and planning of residual values is required. The exception to this is an operating lease, which may be a feature of fleet finance for companies with a large number of vehicles. Finance Select can also facilitate those transactions.