Continental Financial Services

Continental Financial Services is a division of Continental Car Services, which offers our customers financial advice and packages for the purchasing or leasing of motor vehicles.

Continental Financial Services acts on behalf of our customers to ensure that they are receiving the best financial packages available. Whether it be hire purchase, finance lease or operating lease, we can arrange personal focus for our customers.

This is another service that enables our busy customers to have all of their requirements met by Continental Car Services, helping to give them an experience they can be passionate about.

For further information on any of the below finance options or information, please contact one of our experienced Business Managers on (09) 526 6940 or on the below email addresses:

Blair Meredith                                                                                                                                                                                                                                                                                           Blair.meredith@ccs.co.nz 

Clare Burton

Clare.burton@ccs.co.nz

Below we have outlined the various finance options available and their benefits to the customer and business.

HIRE PURCHASE

A Hire Purchase Agreement is, and has been, one of the most effective ways for private individuals and companies to finance a new or used vehicle. With a Hire Purchase Agreement you simply pay the agreed amount every month. These can be suited to your individual requirements, which may be particularly useful if your income is variable or seasonal. The monthly payments are based on a fixed interest rate over an agreed term, typically this varies between 6 to 60 months. That means there are no surprises - you simply pay the agreed amount every month for the term of the contract and the vehicle is yours.

Benefits to the customer:

• Easy monthly payments to suit your budget
• Flexability to negotiate initial deposit, term and structures or balloon payments
• Our competitive interest rates will not change during the term of the contract

Benefits to the business:

• If the vehicle is fully utilised for business purposes, tax, GST and interest can be claimed as per current NZ Tax Legislation
• The vehicle is shown as an asset on the balance sheet

FINANCE LEASE 

A finance lease maximises your ability to drive the new or used vehicle you desire. Ideal for small businesses, a finance lease is now an attractive option for private individuals. You can choose to drive a better vehicle than would be affordable using traditional purchase options. With a Finance Lease the charges are calculated on the GST exclusive price of your vehicle and this is reflected in the monthly rentals. After the lease term, typically between 12 and 45 months, the balance of the lease is due as a residual payment. At this time, simply contact us to discuss the many options available.

Benefits to the customer:

• An affordable way to update vehicles regularly
• Monthly rentals, the advanced rental and residual payment are negotiable
• Monthly rentals are calculated on the GST exclusive cost of the vehicle, reducing your finance charges even further (even if you are not GST registered)
• Low monthly rentals allow you to free up your money to use for other purposes

Benefits to businesses:

• Tax and GST benefits depend on variables such as lease term. We recommend you discuss these options with our finance and leasing experts

OPERATING LEASE

With Operating Lease you pay back a fixed monthly payment for the use of the vehicle. At the end of the contract you simply hand back the vehicle. Lease payments are calculated using the lease term you require (usually 36 months), the type of vehicle and your estimated kilometre usage.

Benefits:

• Budgeting is easy with established monthly payments for lease term
• Preserves existing lines of credit
• No residual risk or responsibility for vehicle disposal
• Maintenance costs can be included in these payments
• Vehicle does not appear on your balance sheet
• Lease payments are fully tax deductible (providing the vehicle is used solely for business use)
• GST can be claimed monthly if GST registered

Full Maintenance Option:

• An operatig lease full maintenance contract covers the following:-

1. Standard servicing and maintencnce
2. Registration and Warrant of Fitness
3. Annual Relicensing
4. Four replacement tyres
5. Battery replacement