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Alphabet delivers mobility solutions that enable business growth.

We provide end-to-end fleet management and funding solutions for our customers.

funding

Funding Options:

We can meet your fleet funding requirements through a variety of funding options.

Operating Lease

An operating lease is a rental agreement that enables you to avoid the risks associated with vehicle fleet ownership. Contracts are structured with a lease term and kilometer usage to meet your business requirements.

Alphabet assumes responsibility for vehicle acquisition, disposal and the risks of ownership under an operating lease. At the end of the lease, the vehicle is returned to Alphabet which bears the risk associated with residual value liability.

Benefits
  • Access to Alphabet’s National acquisition processes for all vehicle makes and models.
  • No capital outlay
  • GST exclusive amount financed
  • Flexible contract terms (12 to 60 months)
  • Fixed monthly lease rental
  • Maintenance, registration, insurance and other running costs can be built into the agreement to provide you with a fixed known monthly expense.
Chattel Mortgage

A Chattel Mortgage is a finance product under which a loan is advanced and the vehicle is purchased as an asset by the business.

Your business becomes the owner of the vehicle for the duration of the contract and a mortgage is given over the vehicle as security for the loan. At the end of the contract, once the loan is repaid your business obtains a clear title of the vehicle.

This is suitable for those who will use the vehicle predominantly for business.

Benefits
  • 100% financing of the price of the vehicle (GST inclusive)
  • You can generally claim GST on the full purchase price of the vehicle
  • Flexible contract term
  • You have the option to nominate a balloon payment that suits your funding requirements and take full ownership of the vehicle at the end of the contract term
  • Fixed interest rate for the life of the contract
  • Maintenance, registration, insurance and other running costs can be built into the agreement to provide you with a fixed known monthly expense.
Finance Lease

A Finance Lease is a tax-effective tool that preserves cash flow and frees up capital. Whilst this option transfers the risk of ownership to you, the legal ownership remains with Alphabet until the residual amount due at the end of the lease term is paid. This finance option is available to those customers who use their vehicle predominantly for business or income-producing purposes (in excess of 50%).

At the end of lease you have the option to either refinance the residual value and extend your contract, or pay the residual value and enter into a new lease agreement for another vehicle. Subject to credit approval.

 Benefits
  • No capital outlay required
  • Financed amount is GST exclusive
  • Your contract terms are flexible (12 to 60 months)
  • Fixed term interest rate
  • Fixed monthly lease rental
  • Tax deductions may be available if the vehicle is used predominantly for business purposes
  • Maintenance, registration, insurance and other running costs can be built into the agreement to provide you with a fixed known monthly expense.
Novated Lease

This is a three-way arrangement between an employee, the employer and Alphabet. Along with the features and benefits of a standard Novated Lease, a fully maintained Novated Lease can also include ongoing maintenance costs such as vehicle servicing and fuel card management in a single monthly payment.

Benefits
  • GST savings
  • Potential reductions of income tax
  • Discounts on vehicle purchase price and running costs
  • Your lease payments include your vehicle running costs.

 

Fleet Management

Alphabet offers a complete suite of fleet management services. Whether your fleet is funded through Alphabet, another funding provider or you own it yourself, we can reduce the administrative burden associated with managing a fleet.

Benefits

  • Reduced administrative costs and overheads
  • Standardise the management of your fleet
  • Reporting and efficiency analysis
  • Bespoke fleet management services
  • Maintenance, registration, insurance and other running costs can be built into the agreement to provide you with a fixed known monthly expense.
Sale and Lease Back

We offer a Sale & Leaseback solution as a tool for your business.

If your current fleet assets are unencumbered and you have sole title, we may be able to buy the assets from you for either market or written-down value and lease them back to you.

Benefits
  • Frees up capital for reinvestment into the business
  • Transaction can be structured to meet customers' tax and accounting requirements
  • Reduces administration burden of fleet management
  • No disposal or maintenance risk
  • Fixed rentals or instalment payments
  • Maintenance, registration, insurance and other running costs can be built into the agreement to provide you with a fixed known monthly expense.
Disclaimer

All the information contained on this page is intended for information purposes only and Alphabet makes no representation as to its accuracy, completeness, suitability or validity. It should not be considered as financial, taxation or legal advice. We recommend you seek independent professional financial advice regarding the effectiveness of financing or leasing a vehicle.

 

Alphabet offer funding for the following assets: Passenger vehiclesLight Commercial vehicle, Trucks (up to 4.5 tonne) and Trailers, Luxury vehicles, Motorbikes