Hyundai Vehicle Finance
Vehicle finance made easy
Found the car of your dreams? Good stuff. Now let’s get you behind the wheel faster with a leasing or finance deal from Hyundai Finance New Zealand. It’s all very quick and easy. Your Hyundai Dealer will guide you through the application process and explain the different options so you know you’re choosing the right deal for yourself.
Credit Sale Agreement
A Hyundai Credit Sale Agreement means you can drive your car home today. It’s simple to set up and you can make sure your repayments are in easy instalments. And once the last payment is made, the car’s yours. The interest rate is fixed for the term of the agreement so you’ll always know exactly where you stand. You can also structure your payments to suit your needs – either monthly or scheduling payments to match your cash flow. If you’re GST registered* you could also claim back the GST. Just make a lump sum payment that coincides with your GST refund, and you’ll reduce your interest costs over the life of your agreement.
Finance Lease Agreement
If you’re buying your car for business, a Hyundai Finance Lease could be a great option. Basically we buy the car and lease it to you – the lease payments are based on the total cost of the car, less the agreed residual value you’ll pay at the end of the term. There are no up-front costs and the fixed instalments for the term of the lease will make cash flow planning easy. If you’re GST registered, you’ll be able to recover the GST on your lease payments throughout the life of your loan*. At the end of the lease term, if we sell the car for more than the assumed residual value, you get the excess. If we have to sell it for less, you’ll need to make up the difference.
Fully Maintained Operating Lease
The Hyundai Maintained Operating Lease is a business only finance package and means you can avoid the hassle of managing costs and the on-going maintenance of your vehicle/s. With a low initial outlay and fixed monthly rentals, you can transfer your fleet off the balance sheet and release capital back into your business. You’ll also be able to remove the risk around residuals and budget with certainty. As each lease nears its expiration date, you can choose from a range of options – upgrade to a newer model, extend the current lease, or simply return the vehicle and take out a new one. Terms for passenger vehicles are from 6 to 45 months; for commercial vehicles, the maximum tenure is 60 months. Operating Lease payments are normally fully tax deductible* and you can claim the GST.
Non-Maintained Operating Lease
Prefer to manage the maintenance and repairs of your vehicles yourself? No worries. A Non-Maintained Operating Lease is a simple, cost-effective alternative. Rather than a business loan or equity funding, this lease option allows you to transfer the value of your fleet off your balance sheet*. This releases precious capital back into your business, increases cash flow and converts your fleet to an ongoing operating expense. When your lease period is nearly finished, simply choose from a range of options: upgrade to a newer model, extend your current lease or return the vehicle. In addition, operating lease payments are normally fully tax deductible* and you can claim the GST.