If you would like to speak to an experienced car finance broker who can help you get a fast car loan at a low rate, then contact Loan Wize today for the best Car loans Sunshine Coast. Simply call 1300 Loan Wize and we can start the process. Loan Wize Sunshine Coast Car Loans is your one stop shop for your finance requirements, and if you are looking at buying a new or used car, you need to talk to one of our Equipment Finance Brokers!

We do more than Fast Car Loans

We pride ourselves in beating the bank at their own game, so if you are serious about saving money on your next car loan, then talk to us. We don’t just do fast car loans and truck loans either, we have access to over ten asset finance lenders who can provide finance for a whole range of equipment, including forklifts, medical equipment, earth-moving equipment, cranes, truckstradie car and buses. We even do Boats, Caravans, Motor Bikes and Jet Skis! So if you are in the market for a loan to assist you in growing your business, you need to talk to Loan Wize, we will beat the banks and save you money on your next purchase! Wize up to your best financial decision on car and equipment finance! For home loans, click Sunshine Coast Home Loans

Since the introduction of GST, most tax specialists have been recommending the Chattel Mortgage as the most beneficial method of financing your business vehicles and plant and equipment. The main reason for this is the treatment of GST. With a Chattel Mortgage, you can effectively claim back all of the GST on the purchase of a new asset in your first BAS once. A Lease, however, is an off balance sheet asset, and therefore the leasing company claims the GST, and not you. You can claim the GST on each payment of the loan instead.

Download Chattel Mortgage Fact Sheet

A 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

Leasing

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 is a form of rental agreement under which you lease an asset for an agreed period and rental. A residual value is set up front to reflect the asset’s value at the end of the term. This 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 for 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.

Download Finance Lease Fact Sheet

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 (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.

Download Commercial Hire Purchase Fact Sheet

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.

Download Novated Lease Fact Sheet

Why choose Loan Wize?

  • Flexible payment options
  • Less Paperwork
  • Low and Reasonable Loan payment amount and interest rates
  • Negotiable on rates and repayment tenure
Loan Wize is based on the Sunshine Coast, we can provide you with a free assessment on the areas where you need financial assistance, all forms of car finance such as personal car loansTradie car loansTruck loans and Leasing. The assessment will determine what loan or financing product suits your needs best as well as providing you with a desirable interest repayment. Fill in your contact details in this contact form and our financial broker will contact you for a financial assessment, or call us directly at 1300 LOAN WIZE / 07 54436522 for a chat.

Fast Car Loan

Loan Wize personal car loans Sunshine Coast is a simple financial product for individuals whereby, we (finance company) lend the money directly to you (customer) for a low-interest rate as the loan is secured by a financial interest in the vehicle (car, tradie car, bus, van, truck>, caravan, jet ski, motor, etc) that you are going to purchase. The car loans have flexible payment options to cater to your financial situation. The interest rate payable might depend on a range of factors, including your credit history and other financial obligations. With our personal car loan, we customise repayment scheme that’s convenient for you.

Benefits of a Car Loan Broker

When you want to finance your car, you have several options to choose from. You can either opt for a personal loan or get dealer finance. Although both are the common options car buyers choose, both have their pros and cons for your Sunshine Coast car loan.

Fast And Easy Car Loans

Find out what are the pros and cons and comparison with Dealer Finance and Personal Loan & Car Loans Maroochydore, click here

Testimonials

What our client says

Angus ferguson
Angus ferguson
September 19, 2020.
Verified
Jon and all the staff at Loan Wize have helped me and my family get the best home loan we could get on a number of occasions . As a military pensioner it’s not easy getting finance, Jon and his staff where Extremely professional and competent , I wouldn’t do my finance with anyone else.
Max Gray
Max Gray
September 16, 2020.
Verified
Excellent all round, fast and efficient. After being messed about by my own Bank for over 2 months for a small equity release to carry out renovations, dealing with Tammy and Julie was a breath of fresh air. We remortgaged in under 2 weeks with a better interest rate and terms.
Imogen Lunny
Imogen Lunny
July 19, 2020.
Verified
Awesome service - would highly recommend Tammy and the team
What A Day
What A Day
March 27, 2020.
Verified
All the staff at Loan wise are totally switched on always hunt for the best deals and are always friendly and have the time to listen to your needs and what you would like to achieve and accomplish This is the second lease I have done with them and I would have no hesitation recommending the to family or anyone else Always a Pleasure doing business with them Marcio
Sam Dixon
Sam Dixon
March 26, 2020.
Verified
Thankyou very much Jon and Haley from loan wise maroochydore. I bought my first house thanks to you guys, couldn't of done it with out you. Very professional service.
Blayde Hemmings
Blayde Hemmings
March 23, 2020.
Verified
Jon and Haley have been amazing to deal with throughout both of my house builds. Highly recommend Loan Wize.
Mark Hayman
Mark Hayman
February 11, 2020.
Verified
We have used Loanwize a few times and are always happy with the services. Will continue to recommend their services.
Epona Co. Beanbags
Epona Co. Beanbags
January 16, 2020.
Verified
The most hassle free loan application ever! The Loan Wize team was able to organise a car loan for our business with the least amount of paperwork and hassle we've ever experienced. Thanks guys. I look forward to working with you again!
Amit Gupta
Amit Gupta
December 25, 2019.
Verified
Jon and Haley are knowledgeable and easy to deal with, which made the whole experience a lot easier. By going to extra mile Jon helped us to obtain the best rate available. The communication we have had with Jon, Haley and Julie have been excellent with their constant phone calls and emails keeping us up to date. Excellent customer service provided by Loan Wize and I would highly recommend their services.
Andy Keeffe
Andy Keeffe
November 19, 2019.
Verified
The staff we're amazing to deal with and help through the whole process. Got me an amazing deal and got my finance super quickly.

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