Alphera Loan
The most flexiable and popular way to finance your customers vehicle
This is an ownership product. The customer is the owner of the
car and pays back the loan with monthly payments. There is no
GST on the repayments but if the customer is GST registered they
can claim GST on the cash price of
the vehicle. Quite often this GST portion is structured back
into the loan repayments. Various loan structures are possible.
For business use the vehicle is listed in the customer’s books
as an asset and can be depreciated.
The interest content in the monthly payments can also be
claimed.