admin | Red Car Finance

»admin«

| support@redcarfinance.com.au | 2 posts

Commercial Hire Purchase Explained.

March 5, 2010

A Commercial Hire Purchase (CHP) put simply is a kind of vehicle lease where by the purchaser is able to acquire something (such as a car) through hiring it over a pre-specified repayment period. The actual exchange associated with the title to the consumer for the motor vehicle is complete when the lender (the finance company) [...]

Novated Leasing. Your Questions Answered.

March 3, 2010

What exactly is a Novated Lease? A novated lease is a particular type of car lease that enables employees to drive a personal motor car in both a tax and cost-effective way as compared with more traditional types of car financing. ‘Novated’ describes a contract involving the actual employer, a employee and also the car financier where [...]