CAR BLITZ

Car Blitz offers a complete range of car finance and car loan options from more than ten different lenders.

Car Blitz doesn’t just save you the time and hassle shopping around on your car finance we also have access to Australia’s leading insurance products to protect you from life’s uncertainties. Please enquiry now to find out how we can help you with your insurance needs.

Which Car Finance Option Is Best For You?
Choosing the right finance structure for your new car or commercial vehicle can be a difficult and confusing decision.

It's also very important to make the right choice, as the wrong option can cost you thousands in fees, extra interest, exit penalties and missed tax deductions.

Businesses and individuals have different options available to them.

Car Lease (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.

Who does a Car Lease suit?

Car Leasing is suitable for companies, partnerships, sole traders and individuals where the leased vehicle is used for income producing purposes. It is also ideal for employees who want to salary package a vehicle through a Novated Lease as part of their remuneration.

Commercial Hire Purchase (CHP)
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.

Chattel Mortgage [Chattel]
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.

Novated Lease (Salary Packaging)
Novated Leasing is a method of salary packaging a car, under which an employee leases a car and the employer agrees to take on the employee's obligations under the lease, paying the monthly lease rentals from the employee's pre-tax income.

Novated Lease is the most common form of salary packaging a car.

Car Loan
A Car Loan is a personal finance product where the financier lends the customer funds for the purchase of a vehicle, and secures the loan against that vehicle.

A Car Loan is can also be known as a Consumer Loan or a Secured Car Loan.

If you have any questions or would like to know more about any  car finance package, please send us an online Car Blitz enquiry and one of our finance consultants will contact you shortly.