Products

Benefits

Personal Financial Options

• Consumer loan

• Suitable for non-business customers

• Fixed interest rates and flexible loan terms including balloon repayments

• Fixed payments for budgeting purposes with the option to make additional payments, potentially lowering the interest payable and reducing the loan term

Business Financial Options

• Chattel mortgage

• Commercial hire purchase

• Finance lease

• Novated lease

• Retain capital for other business needs

• Flexible loan terms including balloon repayments

• Fixed payments for budgeting purposes

• Possible tax advantages

• Preserve banking facilities for other needs

Product Features

Consumer Loan

Chattel Mortgage

Commercial Hire Purchase

Finance lease

Novated lease

Private Use

✔

–

–

–

–

Vehicle Ownership At Contract End

✔

✔

✔

Choices available^{myford-finance}

Choices available^{myford-finance}

Business Use

–

✔

✔

✔

✔

Term – Months

12 to 84

12 to 60

12 to 60

12 to 60

12 to 60

Deposit

Optional

Optional

Optional

–

–

Fixed Repayments

✔

✔

✔

✔

✔

Fixed Interest Rates

✔

✔

✔

Not applicable

Not applicable

Balloon/Residual Payment

✔

✔

✔

✔

✔