Group & General is a fully owned subsiduary of the Alto Group
We have 35 years experience in motor financing and the motor industry.
At Group & General all loan applications and account management is done by specialist staff & management.
With fixed interest rates you can control your finances for from 1 - 5 years, leaving your cash available for other investments. All documentation is electronic and you need not leave you desk. Just email group.general@alto.com.au or alternatively call on 02 9418 5518 to find out more. Common finance options you can choose from: Corporate Hire Purchase This is a contract for the hire of the goods with an option to purchase at any time during the agreement. Payments can be structured around a balloon payment to reduce monthly instalments and can include associated costs, such as registration, warranty, on road costs. Subject to credit approval, 100% finance is available. Interest and depreciation are generally tax deductible. This is available for the business user and can be approved in the name of an individual or a company. Leasing The financier owns the vehicle and agrees to lease it toy you for a prescribed monthly rental, which can also include associated costs such as registration, warranties etc. Residual guidelines are set down by the ATO. Rentals, which attract GST are fully tax deductible, provided the vehicle is used to generate tax assessable income. A finance lease is for the business user and can be approved in the name of an individual or a company.
Novated Leasing
This is a 3 way agreement amongst the financier, you and your employer, where you have the responsibility for the vehicle and your employer arranges to make instalments from your pre-tax income. You can keep your vehicle should you change employers. The employer's responsibility only extends to making the monthly instalments. Whilst the lease rentals attract GST (as with a finance lease), the employer can claim this component as an Input Tax Credit. Other related expenses, such as registration, warranty etc can be included in the monthly rental.
Chattel Mortgage
You have full ownership of the vehicle from the outset of the agreement, which is supported by a mortgage over the vehicle. Interest and depreciation are generally tax deductible. A balloon payment can be included to lower your monthly payments and control your cash flow. Other related expenses, such as registration, warranty, can be included in the monthly rental.
Consumer loans
This is available when purchasing a vehicle for private or domestic use. You have full ownership of the vehicle from the outset of the agreement. You can make an initial deposit of any size if you choose, and you may also include a balloon payment to minimise the monthly instalments Increased frequency of payments reduces the amount of interest you pay and also reduces the term of the loan. We provide professional, personalised service, and appreciate the need to minimise paper work and time for our discerning clientele. We encourage personal contact with with the view of finding the best loan for you. Peter Brown
General Manager
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