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Macquarie Leasing

Since 1969, the Macquarie Group has grown into a worldwide financial institution with offices in 28 countries offering a wide range of services. These include investment advice, funds management, and asset and retail finance services. With 46-years of continual profits, Macquarie Group are a well respected company in the finance industry.

Macquarie offers a number of car loan and leasing options for individuals and businesses, as well as additional services such as car sourcing, purchasing advice, and insurance.

Macquarie Car Lease

Macquarie Car Leasing has two options for individuals, Consumer Loans and Novated Leases.

Macquarie Consumer Loan

Macquarie Car Leasing offers secured Consumer Loans for individuals from $10,000 to $250,000, with either fortnightly or monthly repayments and flexible terms of between 1-7 years.

As a bonus, for every dollar you spend, you will receive one Qantas Frequent Flyer Point. If you take out a loan for $30,000, you can use 30,000 points immediately, the equivalent of a one way flight to Hong Kong or Singapore. Alternatively, you could redeem the points for flight upgrades or merchandise.

Macquarie Novated Lease

A Novated Lease is a facility for individuals who wish to use their vehicle for personal and/or business use. The employee enters into an agreement with their employer to purchase a vehicle via Macquarie Car Leasing. The employer makes the monthly lease payments on behalf of their employer from their pre-tax salary. This reduces the employee's taxable income, therefore reducing the amount of income tax they have to pay.

  • Terms from 1-5 years
  • Final residual payment to be made by the employee
  • Vehicle must have a carrying capacity of less than one tonne, and seat less than nine people
  • Running costs can be made from pre-tax salary, further reducing taxable income

Macquarie Business Car Lease

Macquarie Car Leasing offers three different products for people wishing to purchase vehicles for business use - Chattel Mortgage, Commercial Hire Purchase and Finance Lease.

Macquarie Chattel Mortgage

Chattel Mortgages are a popular option for businesses that operate on a cash based accounting system. It allows for flexibility on how repayments are made, the amount of money paid upfront by way of deposit, and at the end of the loan by way of balloon payment.

You can structure your loan repayments to align with the cash flow trends of your business over the course of 1-5 year fixed interest rate terms. You can reduce the monthly repayments by paying an initial deposit if you so choose, and the GST refund entitlement can also be rolled into the loan to further reduce the monthly repayments and interest. Alternatively, keep the GST refund entitlement to improve your businesses cash resources.

Other tax incentives include claiming interest charges and depreciation of the vehicle in your Business Activity Statements.

Macquarie Commercial Hire Purchase

A Macquarie Commercial Hire Purchase is very similar product to a Chattel Mortgage, but favours businesses on accrual based accounting systems.

Repayment terms are flexible from 1-5 years on a fixed interest rate, initial deposits or large final payments can be used to reduce the monthly repayment amounts, and repayments can be structured to align with cash flow trends.

However, the car is owned by Macquarie Leasing until the final repayment has been made, so only interest on repayments and depreciation are tax deductible.

Macquarie Finance Lease

If your business needs the latest model vehicles all the time, without the hassle of moving on older vehicles and committing large amounts of capital, a Finance Lease might be your best option.

Fixed payments can be made in advance or arrears for a term of 1-5 years, with a fair residual value available at the end of the lease agreement should you wish to purchase the vehicle.

You may be able to claim an input tax credit for the GST on lease payments and the residual value.

Car Buying with Macquarie Leasing

Thanks to a national comprehensive dealer network, the team of car buyers at Macquarie Leasing will do the searching, negotiating and delivering of the vehicle you want for you.

  • If you know what sort of vehicle you want, they will find it for you, negotiate the with dealer, and purchase it on your behalf.
  • If you don’t know what sort of vehicle you want, they will take the time to understand your needs and advise what sort of vehicle is best for you. Then they will find it and buy it on your behalf.
  • If you have a car you’d like to trade in, they will do this for you as well, ensuring you get the best price while also negotiating the purchase price of the new vehicle down.
  • They can also organise a car to be delivered to your home, place of work, or any other location (in most metropolitan areas) so you can take it for a test drive before going ahead with the purchase.

Macquarie Group Foundation

The Macquarie Group provides financial, human resource and skill sharing resources for community groups in the areas where it operates. Since the foundation launched in 1985, it has contributed $240 million from company and staff donations to over 2,500 community organisation, as well as 33,500 hours of volunteer service. Most grant partners receive:

  • Fundraising and volunteer support from Macquarie staff
  • Ongoing donations from the Macquarie Giving Program
  • A Macquarie staff member that serves on the board

This allows the Macquarie Foundation to be more than just a one off part of a community organisation. It enables them to develop deep ties within the community that are for the long term benefit of all.

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