CAR LOANS

Secured Loan

A Secured Loan is where the asset you are purchasing is taken by the lender as security for the loan, often allowing you to receive lower interest rates in return. At Action Loans we make sure that before lodging the application, the client meets all lending criteria’s providing the best chance of securing an approval the first time. Once the application has been lodged and approved by the lender, funds can be available in as little as 48 to 72 hours.

Consumer Car Loans

When you find the perfect car, you want to call it yours straight away – without incurring a financial burden. Our consumer loans allow you to purchase a new or used car and take ownership of it immediately, so you can be out on the road in no time. Secured Consumer Mortgages Loans are designed for people buying for private use only.
With fixed payments and interest rates, your loan will align with your cash flow, so that you won’t have to worry about staying within your budget. We’ll also help you customize a contract term and repayment plan to best suit your situation.
A consumer car loan is a cheaper option than a bank personal loan because the vehicle secures the finance, meaning you’ll get a lower interest rate. Contact Action Loans for further details.

Chattel Mortgage Car Loans

A Chattel Mortgage is an ideal way for individual business customers to maximize the taxation benefits gained from financing a new vehicle. A chattel mortgage loan is available for vehicles that are used for at least 50% business use.
A Chattel Mortgage is designed for those sole traders and partnerships who account for their business operations on a cash basis and can be used for purchasing a new vehicle or upgrading an existing vehicle.
Under a Chattel Mortgage the Goods and Services Tax (GST) is contained in the purchase price of the vehicle, but does not apply to the monthly repayment or balloon (final instalment) on the contract. Contact the Action team NOW for further details.

Commercial Hire Purchase Car Loans

Commercial Hire Purchase agreements are typically used by individual business customers who wish to place a deposit into their finance contract, or nominate the value of the balloon (final instalment) on their contract. A chattel mortgage loan is available for vehicles that are used for at least 50% business use.
This type of contract offers maximum flexibility to set the monthly repayment amount to suit your individual circumstances.
Under a Chattel Mortgage the Goods and Services Tax (GST) is contained in the purchase price of the vehicle, but does not apply to the monthly repayment or balloon (final instalment) on the contract. Contact the Action team NOW for further details.

Novated Lease Car Loans

A novated lease is a three way agreement between the employer, employee and the lender. The employer, employee and financier sign a Novation Agreement, whereby the employer agrees to take on the employee’s obligations under the lease. Under this arrangement, the employer makes the monthly lease payments on behalf of the employee. Should the employee leave his or her employment for any reason, the Novation Agreement ceases and the obligations assumed by the employer revert to the employee as the registration is in the employee’s name. The choice of vehicle remains with the employee, ensuring it is a vehicle that fully meets their needs.

The employer deducts a portion of the vehicle financing and running costs from the employee’s pre-tax income, which can reduce the employee’s taxable income, and thus the amount of tax payable. And there is no need for the employee to do anything on their tax returns, the employer and lender take care of this.
– Action Loans Australia is committed in finding the right product tailored for your needs so please contact us on 1300 331 332 for a free no obligation chat or email us:
– We will help you find the right solution to suit your lifestyle and your wallet.