Rent To Own Car - Commercial Car Loans

You might be primarily interested in what we can offer you on Rent-to-Own car finance but we also handle finance across many sectors and for a complete portfolio of finance products. This chart shows our current cheap car finance interest rates, subject to specs as noted, across our portfolio. You can enter the amount and term that you’re considering to see how the repayments may play out based on those interest rates. Then give us a call for a firm quote based on your specific requirements and personally negotiated to suit your individual business.

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Jade Delivers On Rent To Own Car Loans

Rent to Own Car Loans is a specialist product and we are the specialists that can deliver you the best deal. We are accredited with over 40 banks and lenders so we have a huge pool from which to source you the best deal.

Our consultants are fully trained, licensed finance professionals who will be working for you and in your best interests to secure you the cheapest Rent to Own Car Finance deal on the market.

Speak with a Consultant to discuss a Rent to Own car finance deal for your business motor vehicle purchase.
Jade Provides Rent-to-Own Car Financing

Key Features

The concept of Rent to Own involves the lender purchasing the car and ‘renting’ it to the borrower for a fixed monthly payment over a fixed loan term. Ownership remains with the lender while the borrower has full use of the car and covers all ongoing costs such as rego, service, maintenance, petrol, insurance etc.

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Interest rate is fixed for the term of the rental agreement.

Fixed monthly payments. Our consultant will negotiate an amount that works with your cash flow.

Fixed rental period (loan term) up to 5 years/60 months. Your Jade consultant will discuss what best suits your financial projections and negotiate with the lender.

Off-balance item. The asset/liability is not entered on the balance sheet of the borrowing business but remains on the lender’s books.

Monthly payments accounted as an operating expense and are tax deductible.

GST applies to and is claimable on the monthly payments by the borrower.

At the conclusion of the rental finance term, borrower can negotiate a buy back with the lender to take ownership of the car. Jade Finance can assist with refinancing to buy back the car.

Suitable for new and used cars, purchased at auction, online, through a private seller or dealer.

Suitable for many types of cars and business vehicles: sedans, hatch, SUVs, utes, wagons.

We offers the full suite of commercial finance facilities for business vehicle purchases, including Rent to Own or Car Rental Finance. Also known as an Operating Lease, this is an ‘off-balance sheet’ commercial finance product where the car does not appear on the borrower’s balance sheet as an asset/liability. As the lender retains ownership of the car for the term of the loan, it appears on the lender’s balance sheet. The result being of advantage to some businesses.

Rent to Own Car Finance can be a very effective finance solution for many businesses and we recommend you discuss your specific requirements with your accountant, or have them contact us to discuss on your behalf.

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*The purpose of the interest rate comparison table is to provide a guide only and for comparing the interest rates on different commercial loan products. Quoted repayments are based on advertised rates and do not include lender fees and charges. An offer made to you by a lender may be at a different interest rate and have a different repayment. Using this device is not an application, any indication of an offer, and is not a loan approval.

DISCLAIMER: This comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for business finance or any indication that an application has been received or approved. The rates quoted are for business use where the funds are predominately for business use and may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.

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General Car Loans FAQ's

In creating our website content we work hard to provide as much information as possible to our customers. But we realise that many people will still have questions that they want quick answers to. In this FAQs section we’re focusing on some general queries which we hope will assist you. As Jade Finance handles every loan individually, please feel free to contact us via email or phone on 1300 000 008 to direct your specific issues to our consultants.

  • In general, finance is provided for all types of cars. Exceptions may arise with say vintage and collectable cars, racing cars and other such categories. But for the majority of commonly purchased cars for most applicants, Jade can source you a cheap car loan. The categories of cars we finance include all types of passenger cars such as sedans, SUVs, hatches, convertibles, sports cars, wagons, multiple people vehicles, electric vehicles, hybrids, diesel and petrol powered. In the business vehicle category, we finance all leading brands of utes, SUVs, cab chassis, light commercial vehicles, vans and small work vehicles which don’t come under our truck finance sector. Small and large cars can be financed, there are no general restrictions in that regard. Individual lenders may vary loan offers for new versus used cars.

  • Yes. Finance is available for both personal car loans and business vehicle finance for new and used vehicles. Used vehicles may include: passenger cars, sedans, hatch backs, convertibles, utes, SUVs, 4WDs, wagons, MPVs, light commercial vans, cab chassis utes and many other types of vehicles. In all cases, loans on used cars are subject to individual lender requirements. The age and condition of a used vehicle is taken into consideration by our lenders when assessing an application and working out the offer they will make on a loan to the applicant. In some cases, a lender may request a deposit be paid in order to reduce the overall loan amount if they consider the value of the motor vehicle relative to the loan amount being requested does not meet their criteria.

  • Not necessarily but maybe. There is a difference between any deposit that the car seller or dealer may ask you to pay and a deposit that the lender may request. When you commit to a car purchase and sign a contract with say a car dealer, they usually ask you to pay some amount on the spot to confirm the deal. The exact amount requested will vary. This is usually referred to as a holding deposit and can be refunded back to the buyer if their car loan finance company pays the 100% purchase price of the vehicle. Lenders only usually request a deposit to be paid when the applicant or the vehicle being purchased does not meet their guidelines. No deposit vehicle loans can be sourced. That means you request a loan for 100% of the purchase price of the car including all dealer delivery etc charges. In many cases, especially with new vehicles and for business applicants, this is generally achievable. With Low Docs and No Docs business vehicle loans, personal loans with low credit profile and with Unsecured Personal Loans, the lender will often request a deposit be paid to lower the loan amount being requested. It may also be requested in some cases with some used cars, depending on age and condition.

  • In order to qualify for business vehicle finance, the business must meet the criteria for a business loan and the vehicle being purchased must be primarily for use in that business. If a vehicle is being purchased by an individual primarily for their own personal use, then a personal car loan would be the applicable loan type. The structure of business and personal car loans are essentially similar in that the lender uses the vehicle, in some aspect, as security against the loan and the borrower repays the loan in monthly instalments for a fixed number of years, known as the loan term. Business loans differ in that they do have the option for a balloon or residual. This is a portion of the price of the car which is set aside from the repayments to be paid as a lump sum at the end of the loan term. There are a number of business car finance products which have varying features and benefits in regard to tax and accounting methods. In order to qualify for business finance, an applicant must have a current ABN and some level of financial documentation in regard to their business set-up.

  • Yes, it is possible, but other financial documentation is also required. A current ABN and ID is the minimum requirements for business car loans. From that minimum level of requirements, the more financial information about your business that you provide and the better the quality of that information in regard to your credit profile, the more favourable the interest rate and loan conditions you can expect to be offered. Being registered for GST and having BAS statements is highly preferred. For businesses with little or no documentation, a specialist service to source Low Docs, No Docs and ABN only car finance is available. This type of finance is usually not offered by the major banks but non-bank lenders are more favourable to offering finance to this type of business.

  • There are a number of ways to start the car application process. You can either apply online or over the phone. Licensed credit providers with ASIC must adhere to the Responsible Lending Guidelines in relation to consumer credit and a set process is laid out to follow. You will need a range of documents to complete your application. These vary according to the type of car loan – personal or business – that you are applying for. For a personal car loan you will need ID, employment status and history record, proof of income such as payslips, a list of your income and expenses each week/month, details of any assets, details of any debts such as credit cards and other loans. For business vehicle finance, you will need a current ABN, ID and financial details around your business activities. The quantity and quality of the financial documents provided will determine if you meet the criteria for a fully documented (standard) loan or you require a Low Docs or No Docs loan.

  • Car loans and driver licences are separate issues and not connected except that a driver licence can be used as one form of ID in applying for a car loan. Driving licences come under state regulations and the age for getting a licence may vary across the jurisdictions. In most states and territories a person can get a driver licence under the age of 18. Under the Consumer Credit Laws in Australia, you must be over 18 in order to apply for and be offered a consumer loan. So just because you have a driver licence doesn’t mean you can apply for a vehicle loan. On the reverse, you don’t need to have a driving licence in order to apply for a car loan. Someone without a driving licence can be offered a car loan for a car which is obviously to be driven by another person.