Finance Application

Download the Leaselink Application for Finance or Request a Quote online

For the information of our clients we provide the following finance facility explanations:

Chattel Mortgage

A Chattel Mortgage is a fixed rate loan where you are the owner of the goods to be purchased and the financier takes security over these goods. A deposit can be made up front and a balloon payment option is also available. Stamp duty is paid up front and the GST component is financed. Use of this product may allow you to claim depreciation and interest as a tax deduction. In some circumstances, if you have an ABN, you may claim the GST back up front in the next BAS period. We recommend that you first consult with your accountant regarding these benefits as everybody's situation is different. This is the most common facility used today.

Lease

On a Lease facility the financier purchases the goods and leases them back to you for a fixed term. Stamp duty and GST are calculated within the monthly repayments. The cost of these payments can be tax deductible. A deposit cannot be made but a residual must be affixed to the end of the loan term. The residual can then be paid out in full at the end of the term.

Commercial Hire Purchase

Similar to a Lease, the financier purchases the goods and hires them back to you for a fixed term. Stamp duty is calculated within the repayments and a balloon payment option is available. You can depreciate the value of the goods for tax purposes.

Insurance Premium Finance/Work Cover Finance

We understand that your business requires adequate insurance and work cover policies, but these can pose a problem for your cash flow when your premiums are due. We can organise insurance and work cover premium funding where you finance your premium over a ten or twelve month period. This can be arranged as an ongoing facility for your business.

Rental

A rental agreement is a facility where we organise "in house" finance for those smaller purchases such as telephone systems, computer packages and other office equipment for your business. We purchase the goods on your behalf and lease them back to you for a fixed term through our own Rental facility.

Download the Leaselink Application for Finance or Request a Quote online

Our application form is a PDF document.
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