Macquarie Car Finance & Leasing

First opening its doors in 1969, the Macquarie Group has grown into a worldwide financial institute and extremely popular in Australia. With offices in 28 countries, they offer asset and retail finance services as well as funds management and investment advice. With 46 years of continual profits, the Macquarie Group is a well-respected finance company worldwide.

They offer a number of both car loan and leasing options for both individual and businesses.

About Macquarie Car Leases

Macquarie Car Leasing has two options for individuals: Consumer Loans and Novated Leases.

The Macquarie Consumer Loan offers secured consumer loans for individuals from $10,000 (minimum), up to $250,000. They offer bi-weekly or monthly repayments with loan terms of up to 7 years (1-year minimum). As an added bonus, for every dollar that you spend, you receive one Qantas Frequently Flyer Point. For example, if you take out a loan for $30,000, you will earn 30,000 points, about the cost of a one-way flight to Singapore or other Asian cities. You can even redeem these points for flight upgrades or merchandise.

About Macquarie Novated Leases

A Novated Lease is for individuals who wish to use their vehicle for personal and/or business use. They enter into an agreement with their employer in order to purchase a vehicle via Macquarie Car Leasing. The employer will be responsible for making the monthly lease payments on behalf of their employer from their pre-tax salary. This reduces the employee's taxable income, which reduces the amount of income tax they have to pay. A win-win situation. Some features of a novated lease include:

• Loan term periods from 1 to 5 years

• The final residual payment is made by the employee

• The vehicle must have a carrying capacity of less than one tonne, and seat less than nine people

• All running costs can be made from pre-tax salary, which further reduces the borrower’s taxable income

About Macquarie Business Car Leases

Macquarie Car Leasing offers three different products for those looking to purchase vehicles for business use: Chattel Mortgage, Commercial Hire Purchase and Finance Lease.

Macquarie Chattel Mortgage

These are a popular option for businesses that operate on a cash-based budget as it allows for flexibility on how repayments are made as well as the amount of money paid upfront and any balloon payments (if applicable). This loan can be structured so that the loan repayments align with the cash flow trends of the business over a period of 1 to 5 years with a fixed interest rate. Monthly repayments can be reduced by paying an initial deposit if they choose. Also, a GST refund entitlement can be rolled directly into the loan. Other tax incentives include claiming both depreciation of the vehicle and interest charges.

Macquarie Commercial Hire Purchase

A Macquarie Commercial Hire Purchase is very similar product to a Chattel Mortgage, but works better for businesses on accrual based accounting systems. Repayment terms are flexible and from 1 to 5 years on a fixed interest rate. Repayments can be structured to align with cash flow too. However, with this arrangement, Macquarie Leasing owns the vehicle until the final payment is made, so only the depreciation and interest on repayments is tax deductible.

Macquarie Finance Lease

If your business needs the latest model vehicles all the time without the hassle of moving on older vehicles and committing large amounts of capital, then a Finance Lease from Macquarie Finance is the answer. You can make fixed payments in advance for a loan term of 1 to 5 years. A fair residual value is available at the end of the lease too, if you decide to purchase the vehicle. You also can claim an input tax credit for the GST on your lease payments and the residual value, leading to tax savings for your business.

Macquarie can find the vehicle you want at the price you’re looking for through their extensive network of dealership. They can even organize a car to be delivered to your home or work for your test drive before your purchase. Talk about convenience!

For more information about their products and services, visit their website directly at http://www.macquarie.com/au/personal/vehicle-loans/car-loans or by calling 1800 100 152.