Finance

Nothing beats the thrill of a new car. But sorting the finance can be tricky.

Personal purchase

Buying a car for your growing family or something smooth for the weekend?

See personal finance

Business purchase

Need a ute fit for the worksite or a new mobile office?

See business finance

What's Next

Ready to get your car finance sorted? Here’s what to do next.

See what's next

FAQ's

All the frequently asked questions our customers have asked

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FINANCE

Calculate your finances

Loan Calculator

Repayments

Payments mentioned above include minimum charges of a $399 establishment fee and $8 PPSR fee.

The information in this calculator should be treated as a guide only and regarded as indicative only.

Personal Car Finance

Whether it’s your first small car or the latest luxury model we’ve got a plan to suit your budget.

Once you’ve picked out your new or used car, we make the process of setting up finance quick and easy. Everything’s done onsite at one of our dealerships, so you can enjoy your new car sooner.

Working with Australia’s leading lenders we offer a wide range of finance solutions, tailored to your budget. Our team will walk you through your finance options and breakdown the costs, so you can choose a plan with confidence.

  • Quick onsite approval – same day approval guaranteed. We aim for within 2 hours from receipt of supporting documents.
  • Competitive interest rates - access to highly competitive products, designed for automotive customers.
  • Flexible payment options - monthly, fortnightly or weekly payment options. Schedule payment holidays or make lump sum payments at no extra charge.
  • Customise your loan - loans starting from $8000, with no maximum upper limit. Terms available from 2 to 7 years.
  • Transparent costs – up-front and transparent on all rates, fees and charges.
  • Experience counts - with more than 80 years’ experience in the industry we’re your one-stop, local automotive and financing experts.

 

Insurance

Get peace of mind knowing your new car is covered

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Once you’ve chosen your vehicle it’s important to protect it from unexpected circumstances. At Klosters, we partner with Allianz for car insurance, one of the largest and most respected motor vehicle insurers in Australia. We provide a range of options from third party property damage to comprehensive cover.

Business Car Finance

Whether you’re a sole trader or a company director we can assist with financing your loan

Business car finance can be complicated. But our team of experts will talk you through your options and simply and transparently breakdown the costs, so you can make an informed choice.

We work with Australia’s leading lenders to bring you a diverse range of business finance loans that can be customised to your business needs.

Learn about the different types of business car finance loans available below or come in-store to find out more.

Chattel Mortgage

Perfect for business-use new car buyers who want to maximise the taxation benefits of financing a new vehicle.

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What is a Chattel Mortgage?

Under a Chattel Mortgage the financier provides the funds to the customer to buy the vehicle and the customer makes regular repayments. To fulfil terms of the agreement the car must be used at least 50% for business purposes. At the time of purchase the customer becomes the legal owner of the vehicle and the financier takes out a “mortgage” to secure the investment. Once the loan is paid off the customer has no further commitments to the financer. Note: the vehicle cannot be sold until the loan and any residual amount owing (balloon) is paid in full. This can be part of a trade in process.

Who is Chattel Mortgage suitable for?

A Chattel Mortgage, also known as Asset Purchase or Goods Loan, is suitable for a range of customers including sole traders, partnerships and companies. Chattel mortgages are especially attractive to businesses registered for GST, given the taxation benefits. They also work for businesses who use the cash method of accounting as they can claim GST in the vehicle's price upfront.

Benefits of a Chattel Mortgage

  • You own the vehicle from day one.
  • Offers lower interest rates, as a mortgage secures the loan
  • Both the interest charged on the loan and the depreciation of the vehicle may be tax deductible
  • GST on payments may be claimed back on lodgement of BAS
  • Terms available from 2 to 5 years
  • Final balloon payment available, lowering monthly repayments

Finance Lease

Finance Lease is the product of choice for business users who wish to finance a vehicle “off balance sheet”.

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What is a Finance Lease?

The vehicle is owned by the financier (lessor) for the term of the lease, and leases it back to the customer (lessee) in return for a monthly fixed rental payment. The customer has an option to purchase the vehicle at the end of the lease for a predetermined residual value.

Who is Finance Lease suitable for?

A Finance Lease is available to companies, partnerships and sole traders. Its preferred by those who want predictability of payment and tax deductions.

Benefits of a Finance Lease

  • Offers competitive interest rates
  • Costs are known in advance, making budgeting easy
  • Monthly repayments may be treated as a deductible expense
  • No upfront deposit
  • No GST paid on the purchase price
  • Terms available from 2 to 5 years
  • Final balloon payment available, lowering monthly repayments

Novated Lease

Popular for employees who want the freedom to choose their own vehicle and access significant tax benefits

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What is a Novated Lease?

A Novated Lease is a three-way agreement between an employee, employer and financier, where the employer takes on the responsibilities of the rental repayments on behalf of the employee. In essence, the employer pays the monthly rentals, running costs and Fringe Benefits Tax from the employee’s pre-tax salary. Concessions for Fringe Benefits Tax purposes can make a new car an attractive component of any remuneration package.

Who is Novated Lease suitable for?

Both employees looking to take advantage of significant tax savings and employers who want to implement a cost-effective retention and incentive scheme.

Benefits of a Novated Lease for an employee

  • Choose the make and model of car you want, rather than a supplied fleet car
  • Pre-tax salary deductions reduce your taxable income meaning more take home pay
  • No GST is paid on the vehicle purchase price, on fuel, or on service and repair costs
  • We manage your repairs and services, just drop off the car to our service team and we sort the rest
  • Rego and insurance are covered under your agreed salary deductions
  • Keep your car even if you change employer
  • Terms available from 2 to 5 years

Benefits of a Novated Lease for an employer

  • Attractive employee benefit to attract and retain talent
  • No fees passed onto employers
  • If the employee leaves, the expense and responsibility rests with the employee
  • Avoid tying up capital in fleet cars
  • Ongoing maintenance and service costs covered in the employees’ lease payments
  • Less administration, as it is managed by the financer

What’s next?

Ready to get your car finance sorted? Here’s what to do next.

Find a car

Use the car search panel to find a car that best suits your needs from our extensive range.

Speak to the Dealer

Each of our dealers has their own unique finance plans, they’ll give you the information you need about the car you want to purchase.

Decide on a payment plan

An experienced vehicle finance manager will present you with finance options and assist you to find a plan that best suits your needs.

Get behind the wheel

With our simple, same day finance approval you’ll be behind the wheel of your new car sooner.

Find your new car

Frequently asked questions

What do I need to think about before financing a car at a dealership?

It’s good to know your budget, your net monthly income and preferred repayment schedule (weekly, fortnightly or monthly). If you’re buying for business use, check out the types of loans available and the benefits of each here, or talk through your options with a vehicle finance specialist at one of our dealerships.

What documents do I need to provide when financing a car?

If you’re applying for a loan for a new or used vehicle you will need to provide various documentation, so the financer can assess your application. In most cases, if you are seeking a car loan for personal use you will need: Two recent payslips Drivers Licence or other form of ID If trading-in, bring the car registration papers and any other items relating to the car such as maintenance book and spare sets of keys.

What documents do I need to provide when financing a car?

If you are self-employed or buying for business use, further documentation may be required including tax returns or a Notices of Assessment. Our vehicle finance specialists at each of our dealerships can advise the specific information they will need based on your car purchase and your past and present financial situation.

What is the standard car finance approval process for Klosters?

Once you’ve decided on your new or used car you will be introduced to one of our vehicle finance specialists. They will discuss your budget and requirements and provide you with finance options, tailored to your needs. Our finance experts will answer any of your questions and break down the costs to make it easy for you to select a solution that’s right for you. Once you have decided on a plan, we prepare the application and seek any paperwork including payslips and ID that is required, before providing it to the bank/financier to assess. All applications are submitted online via the respective lender’s secure software. After your loan is approved, (usually within 2 hours), you can drive away in your new car!

How long does it usually take to get approved for a car loan?

It depends on the type of vehicle, the loan amount, and your credit profile. Often loans can be automatically approved, but we generally aim for 2 hours from receipt of supporting documents such as payslips.

What’s the difference between financing your car through a dealer vs’ a bank?

The general process of approval is similar for both. All lenders in Australia are regulated by the same agencies and are subject to the same legislation. The difference with using a dealer is you can complete everything onsite and drive away in your new car sooner. Banks often require a meeting or a number of appointments to arrange a loan so the process can take longer. Banks present you with their own loan products only. Whereas dealers can often offer a wide range of options from a number of different lenders, giving you more choice. With a dealer, the financing facility is part of the holistic offering, so they don’t have the overheads of providing a “bricks and mortar” office like a bank does. This means they can pass on the savings to you via competitive lending products.

What are the benefits of choosing Klosters finance?

The advantage of dealing with us is that we have access to competitive products from specialist Automotive divisions of the major financiers (St George, Macquarie) and Manufacturer owned financiers. This means you have the security of knowing you’re dealing with reputable financial institutions, as well as the convenience of completing the transaction entirely on-site at the dealership. We specialise in Automotive finance. Our interest is in seeing people pay off their loans as quickly and easily as possible. For this reason, we customise the loans to meet your needs and objectives. Banks and other lenders make their profits by lending money, so the more you borrow and the longer you borrow it for the more money they make. They have no interest in helping you pay a loan off faster.

How long are car dealership finance agreements for?

Loans for personal-use vehicles range from 24-84 months (2-7 years), depending on your individual needs. Terms from 24-60 months (2-5 years) are available for commercial loans.