Get A Great Deal With Finance Options From Collins Honda
Thinking about purchasing a new Honda jazz, civic or HR-V? Buying a new car is a big decision and one that very rarely comes cheaply. As a savvy buyer, you’re sure to do all the right homework, comparing different models and brands until you find the perfect fit for you. Part of that process should also include thinking about finance. Some people can certainly afford to make an upfront purchase, but for others, it’s not as simple. Fortunately, there are a variety of financing options available for newly purchased cars.
Choosing the Right Financing Option
You can get a car loan from a variety of places including banks, credit unions, building societies, specialist lending and leasing companies, and dealerships. Terms can vary from 12 months to 5 years and can come in a variety of forms, including: ● Fixed rate loans - Interest rate is locked in for the term of the loan ● Variable rate loans - Interest rate fluctuates according to the RBA rate ● Secured loan - An asset (such as the car you’re buying) is used as security ● Unsecured loan - No asset needed for security (this is usually for used cars) ● Peer to peer lending - Involves borrowing money from an investor rather than a traditional lender. In terms of convenience, getting finance from your dealership is best. Some consumers are wary of dealership financing, and rightfully so. However, at Collins Honda, we strive to offer quality, competitive financial products.
Finance Solutions at Collins Honda
To ensure our financing solutions offer our customers true, competitive value, we have partnered with St George Bank to create a range of tailored products for different circumstances. Whether you’re purchasing a new car to use at home or buying a new company car, we’ve got the right option for you. Our consumer loan for the private customer allows you to: ● Choose from a range of deposits ● Choose the length of your loan between 1-7 years ● Enjoy a fixed interest rate ● Enjoy regular ﬁxed monthly instalments ● Add ﬂexibility by tailoring your ﬁnal instalment We approve over 95 per cent of our finance applications, so you can count on us to tailor the right solution for your needs.
Commercial Financing OptionsIf you need a new Honda vehicle for commercial use, we’re happy to offer a range of financing options to suit your specific requirements, as well as offering tax benefits. See our range of solutions below.
Offering tax effective advantages that assist with your cash flow. ● Tailor your contract term – up to 5 years. ● Nominate a larger final repayment to lower your monthly instalments. ● Cash flow-based flexible arrangements reduce your repayments: ● Seasonal payments ● GST refund can be put towards the loan
Minimise your upfront costs. ● Payments can be made in advance or arrears ● Tailor your contract term – up to 5 years ● Residual value reflects usage and ATO guidelines ● GST is included in each rental and the residual value ● Claim your costs as an Input Tax Credit, if your business has an ABN ● If the vehicle is used solely for business purposes, a tax deduction of the entire rental may be applicable ● A range of choices are available at the end of your contract term
Allow employees to salary package their vehicles ● Tailor your contract term – up to 5 years ● Monthly rental payments with a final residual payment ● Residual value based on the minimum stipulated by ATO ● Payments are taken from the employees pay, reducing their taxable income ● Employer pays the full monthly rental, including GST, and may be able to claim the GST as an Input Tax Credit
Whether you want Honda HR-V for your growing family or a new Honda city for getting between your business appointments, Collins Honda car dealers in Sydney can help. We have a wide range of Honda vehicles ready to drive out of the showroom. Book in for a test drive or register your interest today. Alternatively, you can stop by the Rockford showroom, call us on 02 9199 0776 or get in touch online to discuss your needs.