Can I get finance on the entire vehicle price?
Yes in many cases. This is often referred to as no deposit finance and is the preferred way to go for many businesses. Most businesses are looking to capitalise fully on any tax deductions and other benefits associated with their choice of finance deal and rarely want to use their cash at hand to make a deposit on a vehicle. Finance is sourced which covers the purchase price, and dealer delivery charges which usually incorporate the first year’s registration and CTP. A no deposit finance deal allows borrowers to free up cash flow for other purposes. Commercial finance products include an option for a balloon or residual. This is an amount of the purchase price which is payable at the end of the finance term. Sometimes considered as paying the deposit at the end. By varying this amount you can achieve the repayments that suit your expectations. Use a loan calculator to play around with different variations to see what may work for you.