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Asset Loan
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Asset Loan

An instalment plan to gain immediate ownership of the bus.

An Asset Loan is commonly referred to as a Chattel Mortgage and is available for business customers where ownership of the bus at the start of the finance agreement is important.

This finance product differs from an Asset Hire Purchase and Finance Lease in that ownership is provided at the start of the agreement in exchange for security taken over the bus. Upon completion of the finance agreement and following final payment, security over the bus is released.

Benefits include:

  • Reduced monthly repayments by varying the deposit*
  • Optional final balloon payment
  • Final balloon payment may be refinanced
  • Available for both new and used vehicles

* Deposit amount and reduced monthly repayments are subject to credit approval.