LANCE DIXON FINANCIAL SERVICES
Lance Dixon Financial Services offer a range of lease and finance plans, each in its own way as technically advanced and intelligently designed as our motor vehicles, and the opportunity to protect your investment and its integrity.
Meet Our Finance Consultant
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Hamish Cormack Finance Consultant 9848 8888 / 0410 654 045 Email Hamish |
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At Lance Dixon we are not tied into any one financier or it's policies and interest rates. Being are one of Victoria's largest groups, we have access to over 40 National and International financiers. By using our buying power, our clients are assured of the most competitive funds available with which to make their purchase.
The staff at our broking division are all professionals and are able to provide up to date taxation advice to ensure the most tax effective method is used to acquire your new vehicle. When time is of the essence Lance Dixon will take all the documentation to the client, arrange change over insurance, and attend to all settlement requirements. Prior to delivery, you never need to leave your office or home.
What type of plan would suit me?
NOVATED MOTOR VEHICLE LEASING
An employee leases a motor vehicle from the financier using a standard finance lease agreement. The employee then sub-leases the vehicle to the employer under an operating lease. A 'Novation' agreement is entered into between the employee, employer and the financier under which the employee's obligation to pay the lease rentals under the finance lease is transferred to the employer for the term of the Novation agreement. Therefore the employer pays the lease rentals directly to the financier.
FINANCE LEASE
A financier advances the purchase price of the vehicle using the asset as security. The financier retains ownership of the vehicle with the customer having full use in return for periodic payments. The lease payments are fully tax deductible, provided that the vehicle is used to generate a taxable income. At the end of the lease the customer pays a 'residual' amount and they then own the vehicle.
HIRE PURCHASE
Commercial Hire Purchase (also known as Asset Purchase) is similar to leasing except the customer claims the allowable tax depreciation on the equipment plus interest as a tax deduction, as opposed to claiming the actual lease payments with a finance lease (as above). The term and depreciation rates will determine which option maximises the company's tax deduction. The customer can design the payments so that nothing owes at the end of the term, or a small 'balloon' payment can be used to offset the monthly payments.
Finance Hours: Mon-Fri 8:30am - 6:00pm Saturday 8:30am - 5:00pm
Call on (03) 9848 8888 to make an appointment, or make an enquiry here online.
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