Sydney, 27th Apr 2017: The shift of focus to digital space has led to several developments in many service providing companies. Earlier, customers had to go through several processes before getting a service from the company. Now, the professionals are just a tap of finger away. Similarly when you are looking for car service in QLD or financing offers, you will not have to go find it anywhere else as the company has everything covered. Here is some clause of financing to go through before buying a car from the company.
Consumer Loan
The consumer loan is a convenient product and also the flexible way to obtain finance for the used and new car that you have chosen. Most of the car sales companies are now offering finance to suit every budget. The vehicle will be used as the security of the loan. However, the ownership will be passed down to the buyer from the beginning of the contract. Only after the final payment of the loan, buyer will obtain clear proprietorship of the vehicle. Consumer loan taken by the owner will be regulated under the terms of Consumer Credit Code.
A Little Note On Finance Lease
Apart from motorhome service, the company also provide leasing options to the buyers. Through leasing, the buyer and the company go into a legal binding, where rentals will be tailored to meet individual needs. The residual value of the lease is set according to Australian tax life and other depreciation guidelines.
As the lease agreement will come to an end, the buyer may, subject to the company’s approval, offer to purchase vehicle for the residual amount. One thing, the buyer need to know that, finance lease is only subjected to business user.
Corporate Hire Purchase
Cars are also available for corporate hire and agreements are made accordingly to ensure payments are met with the cash flow of business. The business can also make an offer to the company for buying the vehicle within the life of the contract.