Automotive Finance
Looking for convenient and cost effective financing for your new car?
BankSA is part of the St.George Banking Group, a national financial group consisting of a number of companies. As part of this group, BankSA can offer you access to a wide range of quality financial products and services, including Automotive Finance.
Whether you require just one or a fleet of twenty vehicles for your business or personal use, St.George Automotive Finance can help to optimise budgeting and cash flow with a wide range of automotive finance options.
At BankSA Automotive Finance* we offer the following options:
- Consumer Finance
- Finance Lease, Chattel Mortgage and Commercial Hire Purchase
- Novated Lease
- Fully Maintained Operating Lease
If you choose to purchase your vehicle from a BankSA accredited dealership, the dealer can lodge the application online. Alternatively, just contact BankSA directly to arrange your automotive finance.
Consumer Finance
If you intend to use your new vehicle less than 50% for business purposes, BankSA Consumer Finance is a convenient and affordable way to purchase your new vehicle today.
Our online application system and competitive rates mean that you can secure the car you want within minutes. We’ll ask you to sign a consumer Finance Loan contract, after which you can be on your way in your new vehicle. It’s really that simple.
At a glance:
-
On the spot approval
Fixed interest rates
Interest calculated daily
Interest calculated monthly
Finance insurances can be arranged, including Consumer Credit Insurance
Finance Lease, Chattel Mortgage and Commercial Hire Purchase
Now you can have the convenience of basing your vehicle purchase around your business usage and cash flow with the flexibility to upgrade the vehicle regularly.
An affordable fixed monthly payment means you have the use of a new vehicle without committing capital to an outright purchase, which frees up funds to invest in your business.
As an approved BankSA business customer, the period of your Finance Lease, Chattel Mortgage or Commercial Hire Purchase is flexible and will be agreed in advance.
Key features:
-
Pre-approved lines of credit available on request
Fixed payments tailored to your business cash flow making budgeting simple
Finance product options to suit your business
Freed up funds to invest in your business
Novated Lease
Our Novated Lease option lets you sacrifice a part of your gross salary every month in return for a new vehicle. It’s an easy, affordable way to get the car you’ve always wanted.
The lease arrangement is between you, your employer and BankSA Automotive Finance. A Novated Lease can be either a Finance or Maintained Novated Lease where your employer makes repayments on your behalf for the duration of your employment.
Key features:
-
On-the-spot approval
Transferable lease if agreed with your new employer
Private use offering greater flexibility than a company car
Fully Maintained Operating Lease
If you need one vehicle or twenty, this solution could really work for your business.
A BankSA Fully Maintained Operating Lease offers a single monthly rental payment that combines your fleet management and lease operating expenses in a single easy to maintain package.
Your monthly rental payment covers the following:
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Maintenance and repairs
Tyre replacement
Fuel (optional)
Insurance (optional)
Accident management
Vehicle registration and infringement management
Automotive Association management
FBT management reporting
Fleet management reports
Business purposes:
Making the right decisions on vehicle and equipment finance can be critical to your company's balance sheet.
BankSA can structure competitive financing which frees up your working capital, so you don't have cash locked up in depreciating assets, thus providing additional sources of flexible capital you can call on at any time.
We can also structure the payments to coincide with your cash flow and, in certain circumstances, help you maximise the tax advantages.
It can make all the difference in moving your business further ahead.
At a glance
- Free up your working capital to take advantage of other business opportunities.
- Manage your cash flows and budget with certainty.
- Structure payment dates to coincide with your cash flows. We suggest you consult with your tax adviser to see if this would also offer you a taxation advantage.
- Simplify the selection of the most appropriate financing option via computer-based analysis.
Need more information?
If you'd like to talk to one of our Business Banking Consultants, call us on 1800 804 411 (no STD charges) between 8am - 5pm, weekdays or contact us online.
* These products are distributed through BankSA Finance Limited ABN 99 001 094 471
