Car Loan

You can be one step closer to the car of your dreams. CROWN MORTGAGE will make this easier and more affordable.

 

1. Standard loan

This type of loan is used for customer to purchase a new or used vehicle. The loan can be secured or unsecured (higher interest rate). The vehicle is secured by this loan.

 

2. Asset based loan

  • CHP is a product of commercial car finance. Financer buys the car on behalf of consumer to use over a period and the consumer pays regular payment in return.
  • It can be individual or business. Once the final payment has been made, the consumer owns the vehicle.

 

3. Finance lease

Finance lease is also the financer buys the vehicle and then lease to consumer. Consumer can immediately use the vehicle with no capital outlay. But consumer has to pay fixed monthly rental in return. While the financer retain actual ownership of vehicle.

 

4. Novated lease

This is a relationship among employer, employee and the financer. The employer pays the repayment to financer out of employee's pre-tax salary. The employee sacrifices the salary to get the same value of vehicle, so the employee retains the ownership of vehicle.

 

Please contact one of our friendly experts TODAY for more details.


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