Our consumer loan is the ideal choice when your vehicle is predominately for personal or domestic use; with convenience and flexibility in mind we offer individual assessments which are easy and fast.

• Individually tailored with a choice of term 1-5 years
• Payments are fixed at a competitive interest rate for the term of the loan, giving you the peace of mind and protection against risks associated with adverse market interest rate fluctuations
• Convenient and flexible payment options allow you to make extra payments, saving you money by reducing the total interest payable (1)

(1) Information provided is of a general nature only, it does not constitute, nor should be considered to constitute, legal tax or financial advice. Prior to making a decision about any products or services as described, please consult with your own independent legal tax or financial advisor who can provide you with specific advice pertaining to your personal circumstances.

Renault Financial Services offers business solutions specifically designed for sole traders, partnerships and companies which allow for flexible payments to suit your business and cash flow requirements. When it comes to choosing a vehicle finance package the options can be endless, what's more as your business changes so do your financing requirements.

Renault Financial Services takes the complexity away from finding the right solution.

› Chattel Mortgage
› Commericial Hire Purchase
› Finance Lease
› Novated Lease
› Business Line of Credit

Chattel Mortgage

Developed for businesses that utilise a cash accounting system. This product allows you to claim back the ITC up front via the business activity statement rather than over the life of the loan.

• Flexible payment structure with or without a residual allows you to free up cash flow/working capital
• Highly competitive fixed rate for the term of the loan
• Interest is calculated daily on the outstanding principal balance thereby additional payments reduce and save total interest payable (1)

(1) Information provided is of a general nature only, it does not constitute, nor should be considered to constitute, legal tax or financial advice. Prior to making a decision about any products or services as described, please consult with your own independent legal tax or financial advisor who can provide you with specific advice pertaining to your personal circumstances.

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Commercial Hire Purchase

Suitable for customers who will predominately use the vehicle for business purposes and want ownership of the asset after the completion of the loan contract.

• Fixed interest rate throughout the term of the loan
• Structured or ballooned option will lower your monthly payments
• Interest component and depreciation may be tax deductable (1)

(1) Information provided is of a general nature only, it does not constitute, nor should be considered to constitute, legal tax or financial advice. Prior to making a decision about any products or services as described, please consult with your own independent legal tax or financial advisor who can provide you with specific advice pertaining to your personal circumstances.

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Finance Lease

A Finance Lease is a rental agreement offering fixed monthly payments for the period of the contract, with the addition of a residual set at the start of the loan. At the end of the term you can make an offer to purchase, refinance or upgrade to a new vehicle.

• No restriction on kilometre usage
• Agreed residual is set at the start of the lease (subject to ATO guidelines)
• Financial flexibility enabling you to choose the payment terms. At the end of your lease period there are a number of options available to you, for example:

  - You may be able to extend the lease for a further agreed time
  - You may be able to trade the vehicle in on a new vehicle
  - You may make an offer to purchase the vehicle from us for the residual payout amount

• Flexible tool which frees up working capital for the business (1)

(1) Information provided is of a general nature only, it does not constitute, nor should be considered to constitute, legal tax or financial advice. Prior to making a decision about any products or services as described, please consult with your own independent legal tax or financial advisor who can provide you with specific advice pertaining to your personal circumstances.

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Novated Lease

This is similar to a finance lease and is predominately used as a Salary Packaging tool in conjunction with a Deed of Novation, allowing the employee to drive the vehicle of their choice. The Novated lease specifies that the employee (leasee) assumes the responsibility for lease payments from their pre-tax salary.

The employee enters into a finance contract with Renault Financial Services and the employer and employee simultaneously enter into a Deed of Novation with Renault Financial Services, under which the leases’ obligations are transferred to the employer who then pays the monthly rental usually from the employee's pre-tax income. If the employee changes their employer, payment obligation automatically reverts to the employee, the employee may be able to re-novate with the new employer.

• Fixed repayments with choice of term and vehicle
• Possible tax benefits even though the vehicle may be predominately for private use (1)

(1) Information provided is of a general nature only, it does not constitute, nor should be considered to constitute, legal tax or financial advice. Prior to making a decision about any products or services as described, please consult with your own independent legal tax or financial advisor who can provide you with specific advice pertaining to your personal circumstances.

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Business Line of Credit

Renault Financial Services is able to provide a credit limit based on your businesses total vehicle requirements, this streamlines the approval and vehicle acquisition process. All you have to do is purchase vehicles as your business requires, within your preset approval limit.

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