Business Car Loans Funding Methods

Finance Lease (Car Lease)
Your business has the use of a car or commercial vehicle and the benefits of ownership, while the financier retains actual ownership of the vehicle.

Commercial Hire Purchase (CHP)
Your business (or an individual with a high proportion of business use) "hires" a car from the financier for a fixed monthly repayment over a term, and has the option to purchase the car at the end of the term.

Chattel Mortgage
The financier loans money to a business to purchase a car or commercial vehicle (chattel), and then secures the loan with a mortgage over the vehicle.

Novated Lease
While not strictly a business car finance option, Novated Leasing is a great way for businesses to offer an added incentive to their staff at no extra cost to the employer, by salary packaging employees' vehicles.

Personal Car Loans Funding Methods

Secured Car Loan
The financier lends money for the purchase of a vehicle and also takes security over the vehicle to protect the loan.