Leasing Finance
H.W.&H. can arrange competitive rates on finance for all your asset finance needs.
We can guide you through finance maze regarding the different facilities that are available including:
CHATTEL MORTGAGE
Chattel Mortgage as a finance option can be used by Sole Proprietors, Partnerships and companies that use the ‘cash’ method of accounting relating to the Goods and Services Tax (GST)
The GST component of the Asset being purchased can be claimed on the next Business Activity Statement, instead of claiming the GST over the term of the finance contract.
More InfoHIRE PURCHASE
The Hire purchase option is usually used for organisations that use the ‘Accruals’ method of accounting, relating to the Goods and Services Tax (GST) or for Individuals that use their asset for business purposes. The GST Component of the asset being purchased can be claimed on the next Business Activity Statement, instead of claiming the GST over the term of the finance contract.
More InfoLEASING
Finance lease option is available to sole traders, partnerships and companies that use the ‘cash’ method of accounting relating to the Goods and Services Tax (GST).
Under this method the asset is financed excluding the GST component. The GST component is claimed by the financier. This means the amount borrowed is lower to the customer because the GST has been excluded. This means GST is then charged on the monthly rental and the residual value, which can then be claimed back on the entity’s next Business Activity Statement over the course of the finance contract.
The purchaser of the asset does not obtain ownership or equity in the asset. The financier has ownership of the asset, while the purchaser takes over the risk of the residual value.
More InfoRENTAL
Rental is where by the financier purchases the equipment on behalf of the customer and rents it back to the customer over a fixed period of time.
More InfoNOVATED
Novated lease is a method of salary packaging. This lease is a 3 way arrangement between an employee, their employer and the financier. A Deed of Novation is put in place where the obligations of the finance lease are transferred from the employee to the employer. The employer takes on the responsibility for making the lease payments to the financier by way of salary sacrifice by the employee. The Deed of Novation will stay in place until the end of the lease or until the employee ceases employment with the employer.
More InfoCONSUMER VEHICLE FINANCE
Individuals usually use these types of loans, a personal finance type of product, where the financier lends to the customer for the purchase then secures the loan against the asset.
The customer takes ownership of the asset at the time of purchase, and then the financier takes an interest in the asset as the security for the loan. When the loan is fully completed the financier will lift their security over the asset giving the customer clear title.
More Info