Key points on vehicle financing
- We offer a flexible consumer loan where you can choose the term (maximum 84 months), repayment frequency, trade-in payment amounts - all of which will tailor the regular repayment amounts to suit your needs
- Very fast approvals
- No external loan brokers involved
- Applications can be taken over the phone
- Sign paperwork on pickup (or, if we are to deliver your vehicle to your location, documents are dispatched to you overnight by Express Post. Sign and post back to us.)
- We finalise the transaction and either you pick up your vehicle or we have it transported to you anywhere in Australia (including Tasmania).
What obligations do I have when I finance a vehicle?
Aside from the obvious need to make your payments on time, all vehicles financed by Capital Finance Australia Limited (CFAL) must be comprehensively insured throughout the term of the agreement. If you wish, the insurance can even be included in the amount financed.
By making regular monthly payments on time, you build an excellent credit rating, which is of benefit when you apply for any form of credit in the future.
Business Vehicles
For business customers there are three main types of financial agreements available for business vehicles:
- Asset Purchase (known as 'Commercial Hire Purchase' or just 'Hire Purchase', in some States)
- Commercial Loan
- Commercial Lease
All are effective means of vehicle financing for businesses, where the vehicle is primarily intended for business use, and for businesses who are seeking finance that enables effective tax planning and manageable ongoing costs. Upfront deposits, trade-ins and/or residual (final) payments at the end of the contract can reduce monthly repayments.
With an asset purchase the customer intends to purchase the vehicle at the conclusion of the finance contract whilst under a lease the finance company takes possession at the conclusion of the contract.
With a commercial loan, the vehicle is owned by the customer at the commencement of the agreement.
