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Other 2018-10-04T01:53:19+00:00

Other Lending

If you have a financing need we have the solution! With access to over 300 products from 30 lenders Mortgage Masters Queensland works with you to identify the right loan for your needs and purpose ensuring that you always have the best rate and structure to suit you!

We can help you with:

Vehicle & Machinery Lending

Business Lending

Personal Lending

Vehicle & Machinery Lending

When looking for vehicle or machinery finance there are hundreds of options to choose from and that is why we work with you and your accountant or tax professional to ensure that you have what’s right for you.

Lending options may include:

Leases

Lease products fall into two categories as either a finance lease or operating lease. They differ in the way they treat ownership, disposal and residual risk on the vehicle. Hire purchase options are available and function in a similar fashion to a loan to purchase an asset.

In order to decide on the most appropriate type of finance you first need to consider the following:-

  • Do you wish to own the asset at the end of the lease period?
  • Do you use the asset for business purposes more than 50% of the time?
  • Are you looking to finance the vehicle only, or do you also want a range of fleet management services?
  • How long do you intend to keep the vehicle and how many kilometres will you travel?
  • Do you want or need to show the asset on the company balance sheet?
Finance lease

A finance lease is a form of rental agreement under which you lease an asset for an agreed period and rental. A residual value is set upfront to reflect the asset’s value at the end of the term. This is accounted for on the balance sheet.
Under the conditions of most finance leases you have no option or right to purchase the asset. However it is common practice that most financiers will consider an offer from you to purchase the asset at the end of the term for the residual value. Alternately, you may trade it in on a replacement, return it to the financier paying the difference between the residual and market value (residual risk) or even extend the lease for a further term.

Operating/Maintained lease

A fully maintained operating lease offers an organisation the benefits of a hassle free method of vehicle usage.  It is finance not shown on the balance sheet and in one monthly payment takes care of all costs associated with the vehicle i.e., all costs in relation to maintenance, insurance, finance are included.  Once you decide on the motor vehicle required you simply decide on the length of the lease required and calculate how many kilometres you will travel in each year.  Based on this the financier will calculate a monthly repayment.  At the end of the lease term you hand the vehicle back to the lender with no residuals or balloon payments required.

Commercial hire purchase

Commercial hire purchase (CHP) is an agreement between the purchaser and the financier whereby the financier owns the vehicle or equipment during the hiring period. It differs from a finance lease in that the goods automatically become yours once all terms of the agreement have been completed – usually when the final instalment is paid.  As such it is finance taken out by a business when they wish to purchase the goods.
A CHP can be arranged with or without a final balloon payment at the end of the term depending on what your budgetary requirements are. The repayments are fixed for the term of the CHP. An upfront deposit or trade-in, which will reduce your rental commitments, is optional. It is accounted for on the balance sheet.

Chattel mortgage

Similar arrangement to a hire purchase but with specific GST benefits, which in certain circumstances will allow the entire GST proportion, be claimed in the first BAS period after purchase. Loan structure can be tailored in a similar fashion to a CHP or finance lease

Novated lease (salary packaging)

It is an agreement between an employee, the employer and the financier. The lease is taken out in the name of the employee and the employer agrees to take on the repayment responsibilities for the duration of the employee’s employment. It is not recorded on the balance sheet of the employer.
If the employee leaves this employer, the lease may be transferable to a new employer or the employee can take on the responsibility of the repayments. The original employer no longer has any financial responsibility and is not left with a vehicle they do not require.
The benefit to the employee may be the reduction of tax as a result of having the repayments made out of pre-tax dollars. There may be fringe benefits tax consequences (based on the vehicle value and kilometres travelled) as a result of the transaction between the employee and the employer, so advice from your tax professional is recommended. Similar to a finance lease, residual risk rests with the employee.

Business Lending

Business can be a fickle journey and sometimes we need to make an investment to get things growing. Whether it is for equipment, to better manage cash flow or as a capital injection, we can help you find the right lending solution to suit your needs so that you can get back to what matters – running the business!

Personal Lending

From weddings to overseas adventures and study there are always things happening in life that cost a bit extra. If you have a personal project or expense coming up that requires a larger lump sum investment a personal loan could help.

With access to over 30 lenders we know what’s available and how to help you get where you want to be!

“Paul Menti was as professional as he was patient.   Our situation was not easy, yet he pressed through the entire process with us, and I will certainly be giving him my further business and any referrals”

Peter & Debra Urquhart

“Thanks very much for your assistance in this matter, we both really appreciate the way you made everything run so smoothly ad we absolutely love our new place!!”

Emily Rehm

“Jon and I just wanted to say a big huge thank you for all the hard work that you put in while you were securing our mortgage.  Due to your high levels of professionalism you made the whole process as painless as possible.
We are now settling into our new home and loving it.So we wanted to take the time out to thank you again.  We look forward to doing more business with you in the future and recommending you to all of our friends. Thanks a million!”

Aveen and Jon Kerr

“Hi Paul, Thank you for your assistance with my loan. At 79yrs it isn’t easy to find a lender but you persisted until you found Vision Equity. Not satisfied with just anything but searching to find an equitable loan at the best interest possible. I truly appreciate all the time you have taken to ensure that everything went as smoothly and as quickly as possible (Even with a few obstructive actions by a company that will remain anonymous) and for constantly keeping me in the loop letting me know how we were progressing right up to settlement and what the final disbursements were. I have no hesitation in recommending you to friends and family. All good wishes.”

Margaret

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