Financing Option: Novated Lease

Normally, financing arrangements are entered into by two parties: the borrower and lender. With novated leasing, however, there are three parties involved: the borrower, the borrower’s employer, and the lender.

As an employer, under a novated lease, you'll agree to make the lease payments on behalf of your employee via salary deductions. Apart from that, a novated lease works pretty much like a typical car lease for business. At the end of the lease agreement, you can choose one of these options: buy the car, enter into another lease, or sell the car.

Financing Option: Chattel Mortgage

Chattel mortgage is basically mortgage for anything other than real estate or items connected to real estate. It's derived from the French word "chatel," which has evolved over the years from the Latin word "caput," meaning "head." Vehicles are one of the most common items acquired through chattel mortgage.

It works the same way as a consumer car loan, save for a few differences. First, it's a business use loan, meaning a vehicle purchased under chattel mortgage must be used for business at least 50 percent of the time. Second, chattel mortgage rates are usually lower than those of regular car loans.

Better Chattel Mortgage Rates and Laws Ease the Way to Car Ownership

The Office didn’t provide specific details about the new laws, but it can be assumed that they’re designed to make chattel mortgages more appealing and better controlled. Those unfamiliar with these special mortgage packages should consult reputable finance companies, like Credit Group Australia which also offers some of the best chattel mortgage rates in Melbourne, Perth, and other cities in the country. All there is to say about chattel mortgages is that they’re a great way for a business to lease and/or own a vehicle because they have fixed monthly payments and interest rates, as well as faster loan approvals. Perhaps the concept should be explained in greater detail. In a chattel mortgage arrangement, the financier takes a mortgage and gives the borrower the money needed to purchase a vehicle, in return for the borrower paying the mortgage over a period of time.
http://creditgroup.com.au/News/12/Better-Chattel-Mortgage-Rates-and-Laws-Ease-the-Way-to-Car-Ownership

Business Vehicle Finance Options Give Perth’s SMEs Potential to Grow

When it comes to the latter, Zurich discourages SMEs from cutting corners, such as reducing their workforce, because doing so creates a work environment where mistakes and accidents are more likely to occur. Instead, SMEs should adopt more practical solutions to save money, such as choosing one of the many business vehicle finance services offered by companies such as Credit Group Australia. Vehicle leasing, in particular, is a sensible choice if SMEs wish to reduce their vehicle monthly payments, tax bills, and other costs associated with operating a small business fleet. In addition, vehicle leasing gives SMEs fewer headaches since their contract options can include maintenance services for them, allowing employers to simply focus on making money. Even a standard car lease can provide SMEs great opportunities for growth.
http://creditgroup.com.au/News/11/Business-Vehicle-Finance-Options-Give-Perth%E2%80%99s-SMEs-Potential-to-Grow