Types of Car Finance in Sydney
There are different vehicle loan options available in Sydney depending on the payment terms and arrangements you sign with your chosen lender.
Novated Lease
This is the ideal option for employees who can make an arrangement with their employers. The loan provider will purchase the car and the employer will pay for the lease. This type of vehicle finance is popular for those who want to minimise their taxable incomes.
Chattel Mortgage
Getting a Chattel Mortgage is recommended for self-employed Sydneysiders who are purchasing a vehicle mainly for business use. The ownership of the vehicle will only be transferred to you once you pay the loan in full.