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Hire Purchase & Leasing

Jet Lending experts are specialists in hire purchase and leasing.
Leasing offers the following products and/or facilities for you:

• Finance Lease.
• Novated Lease Agreements.
• Commercial Hire Purchase
• Chattel Mortgage.
• Credit Limits.
• Master Equipment Finance Agreements (used mostly for limit type facilities).

Business Purposes
• Motor Cars including Panel Vans & Utes.
• Commercial Vehicles - Trucks & Buses.
• Manufacturing Equipment.
• Materials Handling Equipment Forklifts etc.
• Medical & Dental Equipment.
• Office Equipment and Computers.
• General Business Equipment.

Commercial Hire Purchase
CHP is our most commonly used equipment financing product. A CHP allows the borrower the flexibility to utilise equity or a cash deposit to reduce the amount financed, unlike a finance lease where equity is not permitted. There is also flexibility when setting the balloon value, i.e. the final instalment. A client may choose to fully amortise the amount financed or for cash flow purposes set a balloon value hence reducing the rentals.

BUSINESS SUMMARY
Jet Lending is prepared to look at applications for any income producing plant and equipment that a business may utilise. More information

Popular Option
Claim back the GST

As a result, since the introduction of GST, the popularity of Chattel Mortgage’s has grown. Given that the assets ownership lies with the client, the client has the right to claim the GST which is included in the invoice amount of the asset. 

Chattel Mortgage
A Chattel Mortgage is a loan with the financier taking a charge over the goods which is registered with ASIC and\or the Land Title Office under a Bill of Sale. In legal terms the title to the goods is in the name of the customer but they offer the goods as security to the financier who registers a charge over that asset.

Novated Lease
A Novated Lease is and arrangement entered into by three parties- the Employer, Employee and Leasing Financer This enables the employee to lease a car of their choice within a negotiated salary packaging arrangement.

Balloon- CHP/Chattel Mortgage
Due to the flexibility of the CHP and Chattel mortgage products an introducer can choose a balloon figure to suit there client’s needs.

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