Operating Lease

A lease for which the lessee acquires the property or equipment for only a small portion of its useful life.

An operating lease is often used to acquire equipment on a short term lease.

Any lease that is not a capital lease is an operating lease.

Finance Lease

A lease is considered to have the economic characteristics of asset ownership.

A financial lease is a method a business or individual can use to acquire equipment with payment structured over time.

It is similar to an outright purchase transaction thats financed through a term loan, in that there are monthly payments over a specific period of time. Although, it differs in the fact that the lessee doesn't show the obligated balance as debt, the payments are expensed and the lessor retains the title to the equipment.

At the end of the lease, if the lessee doesn't want to purchase based on a predetermined residual value, the asset is returned to the lessor.  

Chattel Mortgage

A Chattel Mortgage is a commercial car finance product.

Under this mortgage a finance company lends money to the customer to purchase a car or other type of motor vehicle and the customer makes regular payments.

The customer takes ownership of the vehicle at the time of purchase, but the finance company also takes out a "mortgage" over the vehicle by using the vehicle itself as security for the loan. Also known as an ASIC- registered fixed and floating charge.

Once the term of the loan is completed and any residual value has been paid (balloon period), the company removes the charge, giving the customer clear title to the car.

Main Benefits of a Chattel Mortgage:

  • Flexible contract terms. Ranging from 12 to 60 months.
  • Able to be tailored to suit customers budget.
  • Fixed Interest Rates.
  • Monthly Repayments are fixed.
  • Costs are known in advance.
  • A tax deduction if the vehicle is used for business purposes.
  • No GST is charged on the monthly repayments or the contract balloon amount.
  • The vehicle is used as a means of security allowing lower interest rates.

If you would like to learn more about a Chattel Mortgage, please do not hesitate to call our friendly staff on:  4633 1744

or via email:

This email address is being protected from spambots. You need JavaScript enabled to view it.

Commercial Hire Purchase Agreement

Commercial Hire Purchase Agreements offer excellent value in terms of financing.

A Commercial Hire Purchase Agreement is a type of finance contract where a good is purchased through an initial deposit and then leased while the good is paid off in instalment plus interest charges.

The purchaser also has an option to reduce the instalments by opting for a larger final payment often called a balloon payment With a Hire Purchase Agreement the ownership of the good only transfers to the purchaser once the good is fully repaid.

If you would like to know any further information or would like to enquire about a Commercial Hire Purchase Agreement, contact our helpful staff on: 4633 1744

or via email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Novated Leases

A novated lease is a vehicle lease agreement between you, your employer and a finance company. A Novated lease is also known as a car salary packaging or car salary sacrafice.

Entering into a Novated lease agreement means that your employer is willing to pay your vehicle lease payments out of your pre-tax salary. Effectively this saves you money, as your income tax is calculated on the reduced total of your salary or wages minus car payments. As a result of this you have more disposable income compared to post-tax disposable income.

A Novated Lease generally means you are able to operate your motor vehicle without restrictions that may be companied by a company fleet vehicle.

You agree to sacrifice part of your wage in return for the benefit of the car related costs.

Your employer agrees responsible for making these payments on the vehicle and other agreed costs over the course of your employment.


Transport Industry Finance

Peter Bowen started Interstate Finance and Leasing as a specialist finance broker for the Transport Industry. The Transport Industry still remains a key component of the business.

We have access to a number of finance options to purchase or replace Prime Movers, Trailers and associated equipment.

The main forms of funding are:




Please do not hesitate to give us a call, on: (07) 4633 1744

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Or Fax: (07) 4633 1404 




Assisting with the approval and settlement of your finance

We liaise with the financie provider to ensure settlement of your facilities are settled in an appropriate manner and minimum fuss.

Best Finance Options

We specialise in finding the best finance option from a range of financial providers.

Factors we consider:

  • Interest & Fees
  • Structure of Facilities
  • Terms and Conditions
  • Ongoing support from Financiers

With many years of experience in the finance industry we are able to recognise the pros and cons of the various finance proposals.

Investigating your Finance Options

It is always important to take a step back and look at your finance options.

  • What are your business goals?
  • Do you need finance?
  • Do you have options for Finance?
  • Can you repay the Finance?
  • Can you offer security for the Finance?

Cash Flow Solutions

  • Overdrafts
  • Bank Loans
  • Debtor Funding
  • Factoring
  • Insurance Premium Funding

Property/ Business Acquistions/ Expansion

  • Bank Finance Activities
  • Leasing


  • Hire Purchases
  • Chattel Mortgage
  • Leasing
  • Bank Finance

Formulating your Business Plan

A well presented thought out business plan will help your finance options:

  • Analyse your business
  • Analyse yourself