Overview

With an instalment sale, you buy the item by paying instalments over an agreed period. Once you've paid the full amount, ownership automatically passes to you. Financing periods can be structured from 12 - 60 months or longer dependant on your personal needs.

• Interest is calculated at either fixed or prime-linked rates
• The goods must be fully insured during the agreement
• There is no minimum deposit payable but may be dependant on current legislation and your credit profile

The benefits of choosing this agreement are:

• You own the goods when you've paid the full amount
• If the asset is used for business purposes, you can claim depreciation and the yearly interest paid against tax
• You'll enjoy the benefit of any resale value

You may want to consider taking the following option with your finance package:

• Take-a-Break

You should carefully consider the benefits of the following insurance/warranty options:

• Extra Cover-Deposit Protector
• McCarthy Client Protection Scheme
• McSure Mechanical Breakdown
• Motor Comprehensive Insurance

This type of agreement will suit business-owners or private individuals who want to own the asset at the end of the agreement.

Leasing something gives you the right to use it for an agreed period, during which time you pay rentals. At the end of the term, you either return the goods, acquire ownership or extend the lease.

• Interest is calculated at either fixed or prime-linked rates
• The goods must be fully insured during the agreement

The benefits of leasing accrue mainly if you're using the item for business, or in the generation of income.

• Rentals can be claimed as expense against tax
• You don't need to own the asset to use it
• You avoid tying up working capital
• Stepped payments, inflated rentals and other structures can be tailored to your needs
• The deposit percentage and repayment period can be negotiated to suit you

Consider taking the following option with your finance package

• Take-a-Break

These insurance options are also available:

• Extra Cover-Deposit Protector
• McCarthy Client Protection Scheme
• McSure Mechanical Breakdown
• Motor Comprehensive Insurance

This type of agreement will suit you if:

• You are using the asset to generate income; or
• You want to claim the expense against tax; or
• You own a business or receive a car allowance

Take control of your annual budget. Take a break from your monthly payments and enjoy the freedom to use the money where and when you need it most.

Take-A-Break offers you the following:

• Select a month of the year and miss a payment for that month - every year.
• This payment plan is available to all customers.

Benefits

• Enables you to budget more easily.
• Helps you to handle planned additional expenses.
• Assists customers to maintain a better track record.