Vehicle Loan Options
Positive Lending Solutions offer Motor Finance tailored to your needs from a range of Australia’s top Banks and lenders. We can provide Motor Finance for most vehicle transactions from the simple to the complex. We act as your own personal specialist to help structure your Car Loan to your needs. We give you advice every step of the way, gaining competitive rates from Australia's top banks and lenders.
Car Loans and Car Finance options available for consumers, commercial and second chance car loan applicants in all area's around Australia. We have specialists ready and waiting to take your calls in Brisbane, Sydney, Melbourne, Gold Coast, Canberra and many more locations around Australia.
We can finance all different types of vehicles ranging from Family Cars, Utility Vehicles, Sports Cars, Small and Large Trucks, Vans, Luxury Vehicles. Whether you’re looking at a car loan for personal or business use, we can help. For more information, contact us on 1300 722 210 or to make an online enquiry.
Chattel Mortgage
A Chattel Mortgage is a commercial finance product where the customer takes ownership of the vehicle (chattel) at the time of purchase.
How does a Chattel mortgage work?
Under a Chattel Mortgage the financier advances funds to the customer to purchase a vehicle, and the customer takes ownership of the vehicle (chattel) at the time of purchase.
The financier then takes a "mortgage" over the vehicle as security for the loan, by registering a Fixed and Floating Charge with ASIC.
Once the contract is completed, the charge is removed giving the customer clear title to the vehicle.
Secured Car Loan
A Secured consumer Car Loan or Vehicle Finance is where the funder or lending entity lends you they funds for a private use vehicle and then secures the loan against the vehicle by placing an encuberance over the goods in question.
As a private individual, a Secured consumer car loan or vehicle finance allows you to borrow money to purchase a vehicle. In general terms a consumer car loan or consumer car finance will have a lower interest rate then an unsecured personal car loan.
Unsecured Car Loan
At Positive Lending Solutions a personal loan, which is sometimes referred to as an unsecured car loan or vehicle finance. It can be used to purchase cars or other vehicles that do not qualify for a standard consumer car loan or car finance. Examples of using a personal loan to purchase vehicles would be a private sale car, and older model vehicle that would'nt qualify for a standard consumer car loan.
A personal car loan is also used to purchase classic cars such as a Holden Monaro or similar. Personal loan interest rates are usually higher than a standard consumer car loan or vehicle finance, because the lender does'nt always take security over the goods you are purchasing.
However, interest rates can usually be slightly lowered if an encumberance is placed over the vehicle you are purchasing.
Finance Lease
A Finance Lease or Car Lease is a commercial finance product which enables the customer to have the use of a car or commercial vehicle and the benefits of ownership, while the financier retains actual ownership of the vehicle.
A Finance Lease can also be known as an Asset Lease or Vehicle Lease.
he financier purchases the vehicle on behalf of the customer, who then leases the vehicle back from the financier and pays a fixed monthly lease rental for the term of the lease.
At the end of the lease the customer can either pay a residual value (final instalment) on the lease and take ownership of the car, trade it in or re-finance the residual and continue the lease.
Novated Lease
A Novated Lease is a three way agreement between you, your employer and the lender. Then by way of a Novation Agreement your lease is Novated to your employer, who then undertakes to meet the lease rentals whilst you are employed by that organisation.
You can roll all or some of the costs into a fixed monthly payment that is deducted from your salary; making novating a vehicle simple and easy to use for employers and employees.
Full FBT reporting directly to you helps them track the kilometres travelled and manage your FBT liability. Drivers are issued FBT reporting six times per year.
Commercial Hire Purchase
A Commercial Hire Purchase (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.
Commercial Hire Purchase can also be known as a Corporate Hire Purchase, Hire Purchase or Offer To Hire, and is often abbreviated as CHP or HP.
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.
Fully Maintained Lease
A fully maintained novated lease is nearly the same as a standard novated lease except all the motor vehicle running expenses such as petrol, rego, car insurance, maintenance are included in the monthly lease payment.
Under a fully maintained novated lease arrangement, a fleet management company packages all the running expenses up into one monthly car lease payment. The fleet management company will collect the monthly car lease payment and distribute the funds to the third party providers on your behalf. (ie fuel provider, maintenance provider)
Second Chance Car Loan
Second Chance Car Finance is a secured car loan product suitable for individuals and joint applicants with bad credit ratings or previous credit issues. A second chance vehicle loan may be used for private use and business vehicles.
If You Have Had?
+ Paid or Unpaid Defaults
+ Discharged from Bankruptcy
+ Unpaid Bills
+ Late loan payments or previous financial difficulties.
Second chance car finance is a speciality lending area within the finance industry. Our experienced financial consultants conduct a thorough pre assesment on your loan application before submitting it to the lender. Lenders that operate in this area of finance will require extra documentation upfront, compared to a standard consumer car loan.
Second Chance Car Loan applicants will need ton supply 3 months bank statements, pay slips, I.D. and other verification documents before a car loan assessment can be conducted. Although the loan is secured against your car, the interest rate for second chance car finance and car loans will be higher than a standard consumer car loan or vehcile finance.
This is to compensate for the higher level of risk involved when lending money in this market segment.
Bad Credit Car Loan
Are you getting sick and tired of the Banks knocking you back? At Positive Lending Solutions, we understand that people end up with Bad Credit for all different types of reasons. We specialise in Bad Credit Car Loans to help you get your credit history back on track. Positive lending Solutions consultants specialise in sourcing the right loan for customers who deserve a second chance.
+ Have you been knocked back by the banks?
+ Are you discharged from Bankruptcy?
+ Are you discharged from a part 9 debt agreement?
+ Do you have paid defaults or court judgements?
+ Do you have unpaid phone or electricity bills?
+ Do you have defaults on credit cards or personal loans?
There are second chance car loans for people in these situations. Bad Credit car loans help you get the vehicle you want and improve your credit rating at the same time.