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You own the car or equipment and we’ll take a mortgage on it as security for your new loan.
You may be able to claim input tax credits for the GST included in the car or equipment’s price, and claim the depreciation and interest parts of your repayments.
To structure a repayment amount that suits, you have the option to choose a balloon payment (the remaining balance owed on your loan, at the end of your loan term).
You'll get fixed interest rates and repayments for the term of your loan.
Receive a 0.50% discount when you choose to finance qualifying energy efficient vehicles and equipment.
The information on this page is for general information purposes only and has been prepared without considering your objectives, financial situation or needs. You should, before acting on the information, consider its appropriateness to your circumstances.
Applications are subject to the Bank’s normal credit approval and suitability of the asset. Fees, charges and conditions apply. Full terms and conditions will be provided with any agreement upon credit approval.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.
