Business entities (companies, trusts, partnerships & sole traders) can fund cars in several ways. In arranging finance for your new car we will take in consideration your business structure, cash-flow requirements, GST registration status and tax considerations.
VFA has the ability to quickly arrange motor vehicle finance whether it be for your business or your need for a new car for family/personal use.
The issue of how to fund also raises questions. How should the car be funded, what are the cash flow and taxation benefits?
Should I fund via a:
- Chattel Mortgage
- Lease or
- CHP agreement.
Automatic approval up to $100,000 for business owners who have held an ABN for at least two (2) years and are GST registered (subject to a clear credit check).
Funding also available for:
- Practice Ambulance
- Motor Cycles
- Farm Equipment
Question: Did you know there are three (3) Luxury Tax Limits relating to motor vehicles?