Finance
 Finance - HP, Lease, Cash
Mark Cromie Holden provides a comprehensive range of finance and leasing options for customers looking to purchase either a new or quality used vehicle. You are assured of receiving informative advice and on the spot quotations on products from Mark Cromie Holdens experienced Finance & Insurance Manager, Selwyn Kahotea. With over 15 years experience in the industry, Selwyn can tailor a finance or lease package that best suits your requirements, with an agreed term or structured payment options allowing for flexibility in calculating monthly payments.
No matter which package you choose they all share one important ingredient, flexibility.
Whether you are a private purchaser of a fleet purchaser looking to finance 1 or 100 cars, the Mark Cromie Holden finance team work with you to find the most cost effective, affordable and convenient deal to suit your budget, freeing up your hard earned money for more profitable investments.
You can choose from the following options:
Loan & Security Agreement. (Traditional Loan)
Traditional vehicle financing has always been a popular choice. For customers who want to own their vehicle and are looking for affordable monthly installments, this is a great option.
With terms ranging from 12 months up to 60 months, instalments can be tailored to suit individual requirements.
Benefits:
Flexible deposits mean an affordable initial outlay. Your trade-in may also be used as part, or all of your deposit.
Interest rates are fixed for the term of the loan and so are your payments making budgeting easy.
Your loan can be structured to suit your personal requirements. May be ideal for farmers with seasonal incomes or companies with seasonal income flows.
Lump sum payments can be structured into the contract which can reduce the term and the interest paid
Simple application process. Your approval will usually take no more than 1 hour.
For Business Users:
The GST content can be claimed at the start of the contract.
Interest charges and depreciation can be claimed
Leasing your new Holden
Finance Lease: If you are looking for the most cost effective method of financing your new Holden, finance leasing may be the answer and it's ideal for your business if you don't want to tie up working capital. You pay an initial advance rental, followed by monthly payments over an agreed term. Interest rates are fixed at the beginning of the contract period. The initial advance rental and contract length can be varied to suit your requirements.
Monthly payments can be reduced by incorporating a larger residual value, or by a larger initial advance (deposit) into the payment structure. The final payment can be based on the expected value of your vehicle at the end of the contract and in effect defers part of the cost until then.
The Lease contract can be terminated early based on a settlement figure which would be advised to you at the time termination was required. At the end of the contract, you may offer to purchase the vehicle providing that all of your obligations have been met.
Available on:
New Holden vehicles and approved used vehicles.
Suitable for Private and Business Purchasers
Key Benefits:
Flexibility to negotiate the initial advance rental and payment plan. Fixed interest structure allows you to budget and plan more effectively.
Eases cash flow and releases capital for other uses
The monthly payments are calculated on the GST exclusive cost price of the vehicle which subsequently reduces your finance charges
Lower monthly payments.
Operating Lease:
Operating Lease (often called contract hire) is a popular choice for Companies and is now available for private buyers. At the end of the lease (usually 24 to 36 months) you simply return the vehicle and drive away in a new model.
Key Benefits:
There is no residual liability. Monthly rentals are often 100% tax deductible in the case of businesses (please check with your own tax advisor). You can also have the option of a fully maintained Vehicle package built into your monthly rental or a non-maintained package.
Finance Dept Contact Details
Selwyn Kahotea
Finance Manager
Ph: 09 438 3199
Fax 09 438 4306
Email: skahotea@mch.co.nz
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