ABOUT BUSINESS FINANCE FROM ESSENDON MAZDA
Business Fixed Rate Car Loan
A Chattel Mortgage or Business Fixed Rate Car Loan is a commercial finance option under which PowerTorque loans money to a business to purchase a car or commercial vehicle (chattel). The business takes complete ownership of the vehicle while the financier takes a mortgage over the vehicle to secure the business loan.
- Finance for both Mazda and non-Mazda vehicles
- Your choice of flexible payment options
A novated lease is a finance arrangement used with salary packaging. It simply means that your employer pays for your car lease including you car running costs out of your salary package through a combination of pre-tax and post-tax salary deductions. With this kind of loan there is :
- A three-way arrangement between you, and your employer
- Lease payments are taken over by your employer and are made from your pre-tax salary