Being self-employed means that you need to take on many different roles all at once. Incorporating a car into your business’s financial situation is a big consideration that you should spend some time thinking about.
Many people think that business car finance in Robina is not an option if you are self-employed, but this is not the case. At iCREDIT, we have the industry knowledge to share everything there is to know about business car finance. So let us delve into some options.
If you intend to use a vehicle for business at least 50% of the time, there are a range of loans you can consider. You can choose from a Chattel Mortgage, a Finance Lease or a Commercial Hire Purchase.
A chattel mortgage is similar to a traditional mortgage. However, you benefit from lower interest rates and flexible terms and can usually opt for a balloon payment to help decrease your loan repayments.
A finance lease is similar to a commercial hire purchase. With a finance lease, owning the car yourself is only possible when the lease period ends. You may be given the option to own the car by paying a relatively small amount.
Commercial Hire Purchase
Commercial hire purchase is different to a finance lease primarily in the transfer of ownership. With a hire purchase agreement, ownership is transferred to the purchase hirer after the final instalment.
iCREDIT Can Help With Business Car Finance In Robina
Adding a business car to your business’s equation can be a real advantage to your business.
If you are self-employed and looking for business car finance in Robina, look no further. At iCREDIT, we are a leading finance provider who offers financing options with reasonable interest rates to suit your budget. With access to our panel of leading banks and lifestyle finance companies, you can be sure you will get the best deal possible.
To find out more about business car finance In Robina or get an obligation free quote, please do not hesitate to get in touch!