Vehicle and asset
Plant and equipment loans
First Contact Finance can assist you to finance your plant and equipment upgrades with a range of loan options that can be easily designed to suit your cash flow.
Vehicle finance and leasing
First Contact Finance can arrange finance for cars, boats, motorbikes, jet skis and other registrable items. The most common form of financing is through a secured loan. The asset purchased is used by the lender as security for the loan often allowing a lower interest rate in return.
Secured loans (consumer mortgages) are designed for people purchasing for private useFirst Contact Finance can arrange finance for consumer car loans and commercial car loans.
Our products include: chattel mortgage, hire purchase, novated lease, consumer car loans. Leasing, hire purchase and chattel mortgage loans are available for vehicles used for at least 50% business needs.
At First Contact Finance we make sure the client application meets all lending criteria to provide the best chance of securing approval.
An asset lease enables you to have the use of your business equipment and the benefits of ownership while a lender retains actual ownership of the equipment. The lender purchases the equipment on your behalf and you then pay the lender a fixed monthly lease rental for the term of the lease.
At the end of the lease you have the option to either pay a residual on the lease and take ownership of the equipment, sell the equipment or re-finance the residual and continue the lease.
Chattel mortgage is an ideal way for individual business customers to maximise the taxation benefits gained from financing new plant & equipment.
It is designed for those sole traders and partnerships who account for their business operations on a cash basis and can be used for purchasing a new equipment or upgrading existing equipment.
Commercial hire purchase
Commercial hire purchase agreements are typically used by individual business customers who wish to place a deposit into their finance contract or nominate the value of the balloon (final installment) on their contract.
This type of contract offers maximum flexibility to set the monthly repayment amount to suit individual circumstances.