What Else do we Finance?
Remunerator's Equipment Finance team are available to assist you in your business financing requirements. With access to all the major lenders throughout Australia we will find the most appropriate finance for your needs. Whether you are a small business or large company contact us to discuss the options available to you.
- Chattel Mortgage
- Commercial Hire Purchase
- Equipment Rental
- Asset Lease
- Mortgages
Chattel Mortgage
Take ownership at time of purchase
Financier advances funds to purchaser
Financier takes mortgage over the vehicle
No GST is charged on the monthly repayments or the residual
Suits
Companies, Partnerships and Sole traders on CASH method
GST is charged on the Purchase Price
Customer can claim on interest charges and depreciation
Finance secured against the vehicle.
Commercial Hire Purchase (CHP, HP, corporate hire purchase, offer to hire)
Financier buys car on behalf of customer and Hires back.
Fixed interests rates
GST is not charged on the monthly rental or residual. If registered for GST can claim back in vehicle price.
Suits
Companies, Partnerships and Sole traders on ACCRUAL method
If registered for GST can claim input credits to claim some or all of GST in purchase price
If ACCRUAL can claim GST back in lump sum at BAS.
If CASH claim over the term of the contract.
If used for business purposes hirer can claim depreciation up to cap and interest charges on the contract.
Equipment Rental
Financier buys equipment on behalf of customer and rents it back over fixed period.
At end of contract either hands back with no more to pay, continues the rental or buys equipment outright at market value.
Benefits
Effective if short useful life of equipment.
Equipment “off balance sheet”
Rental payments can be claimed as a tax deduction, can be more effective than other forms of finance.
Rental equipment is not a business asset or liability.
Can claim 100% of rental payments as a tax deduction.
Asset Lease
Enables customer to have use of their business equipment and benefits of ownership while financier retains actual ownership.
At the end of the lease customer can pay a residual on the lease and take ownership, sell the equipment or re-finance the residual and continue the lease.
Equipment does not sit on the books
Can claim tax deductions for payments
GST is claimed by the financier so finance amount is sale price less GST. Reducing repayments.
Can make advance lease payments for tax deductions or cash flow purposes.
Tax implications
GST is charged on the monthly lease rental and residual at the end of the lease. Where the customer is registered for GST they can claim some or all of the GST contained in the lease rental and residual value as an input credit on next BAS.
Can claim the lease rentals as a tax deduction.
Mortgages
For your new house ... or to make sure your current mortgage is the best you can get.
At Remunerator Mortgage Services, we have a proven successful formula to ensure that your mortgage finance is not only the most suitable for your needs and the most cost effective, but we also make securing your loan as simple as possible.
From the first interview, to signing documents to the actual settlement, we will look after all aspects of securing your finance. You will never need to call us, as we will always ensure that we keep you up to date with what's happening.
Whether you are borrowing as an individual, jointly, as a family trust or a company, we can find the best mortgage finance from 25 lenders for your situation.
For more information call 1300 36 33 36 or visit our Remunerator Mortgages Website