Our Services
- Investment Planning
- Direct Property
- Direct Shares
- Superannuation
- Retirement Planning
- Wealth Protection
- Estate Planning
- Mortgages
- Personal Finance
- Business Services
- Leasing
- Self Managed Super Funds
- Accountancy Services
- Our Packages
Business Finance*
Callaghans have a range of flexible finance products designed to assist you in conserving your cash flow and potentially provide certain tax advantages.
Commercial Hire Purchase (CHP)
A CHP is a commercial finance product where the customer hires the vehicle from the financier for a fixed monthly repayment over a set period of time.
Under a Commercial Hire Purchase (CHP) arrangement the financier agrees to purchase the car on behalf of the customer, and then hire it back to them over a set period of time.
The customer has the use of the vehicle for the term of the contract but is not the owner of the vehicle.
At the end of the contract term when the total price of the vehicle (minus any residual) and the interest charges have been paid in full, the customer takes ownership of the car.
A CHP can assist you with more cash flow for your business. Simply tailor your CHP by selecting the contract term (up to 5 years). Include a deposit and nominate a balloon instalment to lower your monthly instalments. The interest charges and depreciation may be tax deductible.
Chattel Mortgage
A Chattel Mortgage is a particular type of finance used by businesses for the purpose of purchasing a new or used vehicle or other business equipment.
A Chattel Mortgage is essentially a Mortgage over goods to be financed. A Chattel Mortgage is classed as a cash sale in that the goods automatically become yours on purchase and the finance company takes a mortgage over the chattels. However for tax purposes you can claim depreciation, running costs and interest paid, against your business income.
A Chattel Mortgage may be suitable for businesses registered for GST. You own the vehicle and your repayments can be tailored by selecting the term (up to 5 years) and incorporating a balloon payment. The interest rate is fixed for the life of the loan.
Contact us today to discuss your requirements.
*Lending services are provided under authority provided by finconnect (Australia) Pty Ltd ABN 45 122 896 477, Australian Credit Licence No. 385888 - a wholly owned subsidiary of Count Financial Ltd.