Asset & Vehicle Finance
Smart, flexible vehicle finance solutions tailored to your needs
Whether you’re looking to upgrade your work ute, invest in a fleet of vehicles, or find a tax-effective way to finance your next car, Heritage Finance offers tailored vehicle lending solutions to suit individuals and businesses alike.
We partner with both bank and non-bank lenders to offer a variety of structures — from traditional car loans to novated leases and commercial chattel mortgages — helping you secure the right vehicle on the right terms
What is a Novated Lease?
A Novated Lease is a three-way agreement between you, your employer, and a lender. It allows you to lease a car using pre-tax income, which can reduce your taxable salary and improve your take-home pay.
How it works:
● You choose the vehicle you want
● Your employer makes lease payments from your salary
● Running costs (fuel, insurance, servicing) can be bundled in
This option is often used by salaried employees looking for a tax-efficient way to drive a new vehicle, with flexibility at the end of the lease. The lease typically runs for 2–5 years and includes a residual (balloon) payment at the end.
When does it make sense?
● You want to lower your taxable income
● You’re employed full-time and have access to salary packaging
● You want one regular repayment that covers all vehicle costs
Understanding Balloon Payments
A balloon payment (also called a residual value) is a lump sum owed at the end of a car loan or lease. It lowers your regular repayments by deferring part of the principal until the end of the term.
Pros:
● Lower monthly repayments
● Greater cash flow flexibility
Considerations:
● You’ll need to pay, refinance, or trade in the vehicle when the balloon is due
● The car’s market value at that time may be higher or lower than the balloon amount
We help you plan for this in advance, so you’re not caught off guard — and we can assist with refinancing or upgrading options when the time comes.
Personal Car Loans
- Fixed or variable rates
- Ideal for individuals not using salary packaging
- Available for new or used vehicles
Commercial Vehicle Finance
- Chattel mortgages for business use
- Suited for tradies, contractors, and business owners
- May offer GST and depreciation benefits
Novated Leases
- Salary packaging option
- Great for employees with stable income
- May include running costs in a single repayment
Fleet & Multiple Vehicle Finance
- Ideal for growing businesses
- Streamlined approval for vehicle packages
- Flexible repayment terms
Why Choose Heritage Finance?
- Access to major lenders and niche vehicle finance providers
- Tailored advice whether you’re a PAYG employee or business owner
- Help navigating tax benefits, repayments, and residuals
- Ongoing support beyond settlement
Ready to hit the road?
Whether you’re buying your first car or upgrading your business fleet, we can help you drive forward with confidence
Speak with a vehicle finance expert today Contact us to explore your options and get started.