MV & Equipment Finance

JATA Consultants offer the finance of cars and equipment. We use a number of finance companies to provide this service. All you have to do is call us when you need something financed and we will find the most tax effective and competitive deal.

Lease and Equipment Finance

Product types & Key Features

1. Lease
   Finance 100% of the equipment so you have no ownership obligation.
2. Asset Purchase (Hire Purchase)
   Lets you make a deposit payment up front and build equity in the equipment with the payment of each installment.
3. Chattel Mortgage
   A Chattel Mortgage gives you immediate ownership of the equipment. The lender will take a charge over the equipment while you repay the debt. Great tax benefits are also available.
4. Novated Lease
   Gives you an option to include a vehicle into your or your staff’s salary packages
   • No ownership obligations – choose goods for your business and rent them for a set period
   • Competitive fixed interest rate
   • Repayments to suit your cash flow

   • Increase equity in the goods with each instalment
   • Competitive fixed interest rate
   • Repayments to suit your cash flow

   • Full ownership of goods – Lender take a charge over the goods financed
   • Competitive fixed interest rate
   • Structure the installments to suit your cash flow
   • Can give you great tax benefit

   • You agree to make the rental payments on behalf of the employee during their employment.
   • Your obligation to the agreement ceases when the employee leaves the company.
   • You may be able to claim a tax deduction for Lease rentals and motor vehicle running costs. Ask your accountant for more information.

   • Choose the vehicle and have unrestricted use
   • Take the car with you when you change jobs

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1. Lease

Lease equipment for your business

A Lease allows you to choose equipment for your business without any ownership commitments. We finance 100% of the purchase price so that you have no capital outlay.

You have:

• No ownership obligations – choose goods for your business and rent them for a set period
• Competitive fixed interest rate
• Repayments to suit your cash flow

Features & Description

Finance
Lender finances 100% of the equipment.

Term
1 to 5 years.

Residual
This is a lump sum payment based on the value of the equipment at the end of the Lease. The value is based on Australian Taxation Guidelines and agreed when the contract is signed.

Equipment
We can finance a range of equipment for your business––from vehicles to large specialist equipment.

Progressive draw down
This is ideal for large specialist equipment needing progressive payments. During the initial set up period rental is based on a percentage of funds being drawn down until the final draw down payment is made. Then it converts to a standard Lease Rent Agreement.

GST
This product attracts GST.

Security
Security is usually taken over the equipment that is financed, so your property is free for other types of lending.

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2. Asset Purchase

Also known as a Hire Purchase, this is ideal for customers buying equipment for their business and then want full ownership at the end of the finance period.

You can:

• Increase equity in the goods with each installment
• Get a competitive fixed interest rate
• Make repayments to suit your cash flow.

Features & Description

100% Finance
Choose between depositing funds to help reduce the overall debt or ask us to finance 100% of the purchase price of the goods.

Flexible Term
1 to 5 years

Balloon
A lump sum payment due at the end of the agreement. It helps to reduce repayment amounts during the loan.

Instalments
With each installment you gain equity in the goods.

Security
Security is usually taken over the equipment that is financed. Your property is free for other lending. We might ask for additional security.

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3. Chattel Mortgage

Immediate ownership of the equipment for your business needs.

It gives you:

• Full ownership of goods – Lender takes charge of the goods financed
• A competitive fixed interest rate
• The ability to structure the installments to suit your cash flow
• The possibility of a great tax benefit.

Features & Description

100% Finance
Choose between paying a deposit to reduce the overall debt or ask us to finance 100% of the purchase price of the goods.

Interest
Charged on the reducing balance.

Term
1 to 5 years.

Balloon
A lump sum payment due at the end of the agreement. It helps to reduce installment amounts during the loan.

Installments
Fixed principal and interest installments.

Security
Security is usually taken over the equipment that is financed. Your property is free for other lending. We might ask for additional security.

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4. Novated Lease Agreement

If you are an employer, this lease offers a “3 way” agreement between you as the employer, your employee and the Lender.

This means:

• You agree to make the rental payments on behalf of the employee during their employment
• Your obligation to the agreement ceases when the employee leaves the company
• You may be able to claim a tax deduction for Lease rentals and motor vehicle running costs. Ask your accountant for more information.

Employees can:

• Choose the vehicle and have unrestricted use
• Take the car with them when they change jobs.

Features & Description

Finance
100% finance.

Term
1 to 5 years.

Residual
A lump sum payment based on the value of the equipment at the end of the Lease. The value is based on Australian Taxation Guidelines and agreed when the contract is signed.

Equipment
Restricted to buying vehicles.

GST
As you lease the equipment, it does attract GST.

Security
Security is usually taken over the equipment that is financed, so your property is free for other lending.

If you have a car or a piece of equipment that you need to finance, Contact Us today