Sydney City Lexus offers a wide range of finance options to make your motor vehicle purchase even easier and the most beneficial for you - depending on your individual circumstances.
Our professional staff will give you every assistance in looking at the best option for financing your purchase, whether this is:
Term Purchase
This finance option represents the ideal choice if you seek the security of vehicle ownership. In essence, ownership of the vehicle passes to you upon receipt of your final installment.
If you wish, all on-road, registrations and insurance costs (first year only), and Lexus Extra Care services, can be included in your monthly installments. You can also choose to structure your agreement over a 12-60 month term with a final balloon payment, thereby setting your regular monthly payments to suit your budget requirements. If desired, the trade-in on your current vehicle can be used as a deposit to further reduce your payments.
The flexible nature of this agreement means you can choose to keep your vehicle at the end of the term by simply satisfying all of your obligations under the contract. If you have selected the option of a final balloon payment, we can assist you by refinancing that amount at maturity (approval conditions apply).
Where your vehicle is used for income producing purposes, interest charges, depreciation and other car related expenses may also be tax deductible. However, we recommend that you seek appropriate advice from your taxation or financial adviser as to the consequences of this financing option.
Business Vehicle Loan
The benefit of flexibility and tax effectiveness
A Business Vehicle Loan is a flexible commercial loan designed for sole traders, partnerships and companies that are looking to finance a vehicle used primarily for business purposes. Your business owns the vehicle and we take a mortgage over it, so it remains an asset of your business.
Features and Benefits:
- The security of a fixed interest rate for the term of the loan
- A choice of loan terms ranging from 1 - 5 years
- A choice of flexible payment options
- Daily interest calculations on the outstanding principal balance, so any additional payments you make reduce the total interest payable
- The option to reduce monthly payments with a balloon payment at the end of the term, freeing up cash flow for your business
- No GST on monthly payments
- The ability for GST registered customers to claim part or full Input Tax Credit (ITC) for any GST on the purchase of the vehicle for use in your business.
Consumer Finance
We realise that everyone's lifestyle and financial situation is different.
That's why we offer a range of personal financial solutions to suit all types of individuals, all types of cash flows and all types of lifestyle requirements.
With our highly popular Personal Customer Plan, you can include all on-road, registration and insurance costs into your finance package (first year only), as well as reduce your monthly payments by structuring the last payment as a much larger balloon payment. Then, at the end of the term you own the vehicle outright.
We can also organise convenient and easy repayments by way of monthly, fortnightly or weekly direct debit. Just nominate whichever suits best!
Finance Lease
A finance lease represents a popular solution for businesses because it enables you to acquire the vehicle of your choice now, without having to arrange any deposit. This means you can retain your capital for other purposes.
In addition, where your vehicle is used for income producing purposes, your payments may be tax deductible. However, we recommend that you seek appropriate advice from your taxation or financial adviser.
Your payments are also fixed for the term of the lease, with a residual value determined in keeping with taxation guidelines and the predicted end-of-lease value of the vehicle. At the end of your lease period there are a number of options available to you which can be discussed with one of our Business Managers.
Novated Lease
A Novated Lease is a finance arrangement where an employee leases the vehicle from Lexus Financial Services, however, the employer assumes the obligation to make the lease payments for the term of the lease as part of an employee's salary package.
For the first year, the lease can be structured to include all on-road, registration and insurance costs (including Lexus Extra Care products and services), and may constitute a very tax effective means of employee remuneration.
On termination of employment the employee assumes the liability for lease payments however, by agreement, may novate the lease to their new employer.