Callaughan Partners…. More than just accountants…..

Thats right, Callaughan Partners can now help you with all you finance needs. When looking for your next asset purchase turn to Callaughan Partners. With an understanding of the finance industry along with our taxation background, there is no better firm to provide you with your new equipment finance.

Asset Finance

  • Chattel Mortgage
    Chattel Mortgage is essentially a Mortgage over goods to be financed. The Chattel Mortgage allows businesses to claim the full input tax credit from GST incurred expenses immediately (next BAS statement).

    Features
    - You hold title of the goods at the start of the contract.
    - Repayment schedules are flexible, generally two to five years.
    - After full payment of the chattel mortgage agreement, ownership of the goods is transferred to you.
    - Applicable to new and pre-owned trucks and equipment.
    - Deposits and/or trade-ins can be used to reduce the loan amount.
    Business benefits
    - You are generally not required to provide a deposit.
    - Repayments may be tailored to suit your cashflow.
    - Lump sum GST refund.
    - You retain ownership of the asset throughout the term of the loan.
    - The interest component of the payments and the depreciation on the asset may be tax deductible.
  • Hire Purchase
    A hire purchase arrangement is an agreement to purchase vehicles, plant or equipment. During the term of the agreement, the financier owns the vehicle, plant or equipment. Ownership is automatically transferred to you when you make the final payment.

    Features
    - Ownership of the goods is obtained at the end of the term.
    - Repayment schedules are flexible, generally two to five years.
    - Applicable to new and pre-owned trucks and equipment.
    - Deposits and/or trade-ins can be used to reduce the loan amount.
    Business benefits
    - Flexible repayment arrangements maximise cash flow.
    - The interest component of the repayments and the depreciation on the equipment may be claimed as tax deductions.
  • Finance Lease
    A finance lease provides 100% finance to acquire assets for use in your business.

    Features
    - Option to purchase leased goods at end of contract term or upgrade to a new truck.
    - Repayment schedules are flexible, generally two to five years.
    - Interest rate and repayments are fixed for the term of the contract.
    Business benefits
    - Preserve your working capital with 100% financing.
    - If you use the asset to generate income, rental payments may be tax deductible.
    - You may be entitled to claim an input tax credit for rental and other charges that are subject to GST.