YOUR TRANSPORT & EQUIPMENT FINANCE SPECIALISTS

CMV Truck & Bus offers our customers financing expertise through CMV Finance. Our in-house business development team will develop a strategy that is right for you and your business, as well as arrange affordable insurance and extended warranty options for your vehicle.

The CMV Finance product range includes;

Chattel Mortgage

This is a flexible and tax effective means of financing trucks and buses for business purposes. Under this option, your business owns the vehicle and CMV Finance takes a mortgage over the vehicle, so it remains an asset of your business. Benefits of this option include;

• Flexible payment structure
• Terms are negotiable within a range of 1 to 7 years (1 to 5 years on used trucks)
• No GST is payable on monthly repayments
• Interest rates are fixed for the term of the loan
• Daily interest calculations on the outstanding principal balance - means additional repayments will reduce the loan period and total interest payable

Term/Hire Purchase

This represents the ideal choice if you seek to own your vehicle at the end of the repayment term. Specifically, ownership of the vehicle passes to you upon your final installment payment. Benefits of this option include:

• Interest rates are fixed for the term
• Depreciation allowances may be claimed
• Structure to preserve your business capital whilst paying off the vehicle from generated income
• Terms are negotiable within a range of 1 to 7 years (1 to 5 years on used trucks)
• Vehicle is shown as an asset on the balance sheet

Master Fleet Facility Agreement

A full suite of funding options including Operating Lease, Finance Lease and Term Purchase (Commercial Hire Purchase) are all covered by one Master Fleet Facility Agreement. This agreement allows you to choose a facility/s to best suit your specific business requirements. This particularly suits large fleets with a regular turnover in vehicles. Benefits include;

• Convenience and simplicity - no separate applications
• Payments can be structured to suit your business’s needs

When you're ready to purchase your new or used truck or bus, please pick up the phone and talk to our business development team. You will find that they are knowledgable, helpful and will be price competitive for your next vehicle.

For more information about CMV Finance and insurance products, simply enquire at your nearest CMV Truck & Bus dealership or contact the CMV Finance Business Managers;

Duane Voss (Laverton North) on (03) 9931 6000 or email your enquiry
Charles Heap (Clayton, Dandenong and Gippsland) on (03) 9582 6500 or email your enquiry
Angelo Attard (Laverton and Albury/Wodonga) on (03) 9931 6777 or email your enquiry
Ian Schmidt (Laverton North) on (03) 9931 6032 or email your enquiry