FAQs

The best funding option is the one that best suits the buyer. Most private buyers will suit a secured funding product while commercial buyers can select from CHP, Chattel Mortgage and Leasing.

Terms for motor vehicle credit can be up to 7 years and would be the same for all fuel system vehicles.

Where a new operator does not have full financials, they can source low and no doc funding through brokers and specialist lenders.

Lease payments are a tax deduction. Chattel Mortgage and CHP repayments are not full tax deductible as a tax deduction is delivered through depreciation.

Rebates and subsidies for low emission vehicle buyers may be offered by different state governments. Buyers should contact the relevant department of their state or territory for any current offers.

Tesla buyers can select from a Secured Personal Vehicle Credit or commercial options including Lease, Chattel Mortgage and CHP.

Yes. No deposit funding is available for electric vehicles, subject to lender approval.

Lenders determine the rate they will offer based primarily on the credit status and profile of the applicant. The rate can be same for both luxury and budget vehicles. The credit amount may impact the rate and offer, subject to lender guidelines.

To assist with buying decisions, buyers can use an online credit calculator to calculate funding differences for different priced vehicles.

A balloon is available on commercial credit options of Commercial Hire Purchase and Chattel Mortgage.

Most vehicle funding products are arranged with a fixed interest rate. The rate remains unchanged over the full period of the credit term.

Yes. Second-hand electric vehicles may be funded with secured credit products where the lender accepts the vehicle as suitable collateral. Where not, an unsecured product may be considered.

Funding cost is based primarily on the interest rate. Rates are determined by lenders based on the applicant’s position and credit profile and the age and condition of the vehicle. The fuel system should not affect the interest rate offer.

Yes. The same credit products can be used to fund hybrids, battery-electric, PHEV variants across all makes and models. Products differ for private and commercial buyers.

Yes. Where a sole trader has an ABN they can apply for commercial credit.