Finance Benefits |
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Chrysler Group FinancialChoosing the right vehicle and finding the right financial package has been made easier with Chrysler Group Financial.1 As you would expect, we have a flexible range of financial products, tailored to make your life easier. Whether you're a private purchaser or you're choosing one of our models for business, we have a wide range of finance and lease products. After all, the right car needs the right financial package to complement your lifestyle. Personal Financial Options2Chrysler Consumer Loan7The Chrysler Consumer Loan is designed to allow you to keep it simple and choose your repayment period (up to 5 years) and make regular monthly instalments, with a fixed interest rate. You can repay the Chrysler Consumer Loan in full by equal payments over your chosen loan period OR you can defer part of the cost of your Chrysler to the end of the Chrysler Consumer Loan with a larger final payment – this enables you to lower your regular monthly instalments. You can also make additional payments throughout the lifetime of the loan that will lower the amount of interest you pay and shorten the term of the loan. In addition, you can choose to fully repay your Chrysler Consumer Loan early3 and own the vehicle sooner. If you choose to have a larger final payment, then when it falls due you have three options:
Chrysler Consumer Loan benefits:
Chrysler Personal Lease7Allows the advantages of leasing for private customers, and is suitable when you use the vehicle for personal use. You can tailor your monthly payments by selecting the term (up to 5 years) and residual value, with payments in advance or arrears. This product has fixed monthly rental repayments and puts you in control of your financial budget. Suitable for non-business customers Choose a range of deposits Choose your repayment period, up to 5 years Add flexibility by tailoring the residual value Regular fixed monthly rental instalments Business Financial Options7Chrysler Chattel MortgageThis is a Chrysler Chattel Mortgage which potentially offers certain businesses tax efficiency advantages that may assist with cash-flow. If you are a business registered for GST you may be entitled to an Input Tax Credit (ITC) with respect to your acquisition of the vehicle. The vehicle is owned by you and you can tailor your payments by selecting the term (up to 5 years) and incorporating a larger final payment. Other flexible arrangements to match your cash flow can be arranged, such as seasonal payments and/or any GST refund being paid into the loan to reduce your regular monthly repayments and interest charges. Interest rates are fixed for the life of the loan. If the vehicle is used for income generating purposes, the interest charges and depreciation on the vehicle may be tax-deductible. Chrysler Commercial PlanThis product is a Commercial Hire Purchase which offers business users advantages that assist with cash-flow. The business user can tailor Chrysler Commercial Plan by selecting the contract term (up to 5 years), include a deposit, and nominate a larger final instalment to lower the regular monthly instalments to suit its budget. If the vehicle is used for income generating purposes, the interest charges and depreciation on the vehicle may be tax-deductible. Chrysler Finance LeaseThis Finance lease product allows the business customer to utilise a vehicle without tying up capital. The lease can be tailored with rentals in advance or arrears, flexible terms up to 5 years and a residual value that is set to reflect the vehicles usage and ATO guidelines. GST is included in each rental and the residual value, and if your business is registered for GST, you may be able to claim an ITC for this GST. Where the vehicle is used solely for business purposes, a tax deduction of the full rental may be available.
Chrysler Novated LeaseThis product enables employees to salary-package their vehicles. The employee selects their Chrysler and, in conjunction with their employer, signs a novated lease agreement for an agreed term (up to 60 months) with monthly rentals and a final residual payment which is based on the ATO guidelines. The monthly lease rentals, net of GST, are taken from the employee's pay reducing taxable income. The employer pays the full monthly rental including GST to Chrysler Group Financial and may be able to claim the GST as an ITC.
(1) Chrysler Group FINANCIAL is a registered business name of Macquarie Leasing Pty Limited ABN 38 002 674 982 (ML) who is the financier of these products. ML is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth), and ML's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of ML. (2) The Chrysler Consumer Loan and Chrysler Personal Lease are regulated by the National Credit Code. ML is the credit provider/lessor of these products under Australian Credit Licence 394925. (3) An early full repayment fee applies if you payout your Chrysler Consumer Loan early. (4) All applications (including refinance applications) are subject to ML's prevailing lending criteria. Terms and conditions apply. Fees and charges may be applicable. (5) Choices available at the end of lease: Offer to purchase the vehicle (subject to our agreement); or Return the vehicle and recompense us for any loss on sale (and be remitted any profit). (6) ML may require a deposit as a condition of its approval and any such requirement will be assessed on an individual basis at the sole discretion of ML. (7) The financial, accounting and tax consequences of any product or transaction may vary depending on the transaction and your circumstances. You should make your own assessment of whether any product or service referred to is suitable for you and seek appropriate financial, accounting and tax advice. |
