Finance & Insurance

Steve Coley & Joe Reynolds are the Business Managers for Schofields & Co Ltd. Steve has been in this position for 28 years and Joe for 13 Years, and this wealth of experience means they are able to pass on valuable information and tailor Finance Packages to suit clients’ needs at the best rates and terms available.

CREDIT AGREEMENT*

A Credit Agreement is one of the simplest and most popular ways for many motorists to finance a new or used vehicle. A Credit Agreement enables you to place a deposit towards the contract, either as cash or by using equity in your current vehicle as a trade-in. Flexible terms are available including the option to have a balloon amount (larger final payment) built into your contract giving you the ability to tailor the repayments to best suit your budget, as well as your vehicle trading cycle.

Deposit > Monthly Payments > Ownership

With this unique Finance option clients can gain many benefits including a very competitive floating interest rate. Although limited to a 40 month term, it has a flexible deposit requirement and you also have the choice of making additional payments at any time to reduce the interest costs and the term. NO PENALTIES are incurred for early settlement.

GST can be claimed immediately on the full purchase price.

CONSUMER & BUSINESS LEASE*

The advantage of a Consumer or Business Lease is that it enables you to structure the contract by selecting a term and you agree a suitable residual value with us, this allows you to tailor your monthly payments to suit your budget. Residual value risk is carried by you.

And because the payments are fixed and known in advance, you have firm control over your vehicle budget.

After the lease period is over, the vehicle is returned to us. You then have the option to take out a new lease and upgrade your vehicle to the latest model.

Advance Rental > Monthly Payments > End of Term Options

For GST registered businesses

This flexible leasing plan for business users offers possible tax benefits while improving cash flow.

OPERATING LEASE*

The Operating Lease was introduced to NZ about 25 years ago and an increasing number of NZ businesses have chosen to lease because they want the use of a vehicle rather than the ownership. Clients derive many benefits including low monthly rentals, no deposit, off balance sheet funding, and full maintenance or non-maintenance options of up to 60 month terms in some cases. At the end of term you return the vehicle (but you may be responsible for any excess kilometres or damage).*When considering the above finance & leasing options, we recommend that you seek independent financial / legal advice based on your individual circumstances.INSURANCE

An Operating Lease allows you to easily budget your vehicle expenses, and your monthly rentals are fixed over the term of the lease.

The Fully Maintained option makes forward planning a lot easier for you, as the monthly rentals include scheduled servicing, annual registrations, warrants of fitness, with options to include replacement tyres and puncture repairs.

The Non Maintained option allows you to take care of the service and maintenance costs as and when they occur, rather than having them included in your monthly rental.

Under an Operating Lease the vehicle is treated as an off balance sheet expense so frees up your working capital. After the lease period is over, the vehicle is returned to us. You then have the option to take out a new lease and upgrade your vehicle to the latest model.

Advance Rental > Monthly Rentals > Return Vehicle

*Normal lending criteria, terms and conditions, fees and charges apply. Lending rates range from 9.95% to 13.95%. Rates vary depending on many factors including the amount of lending, the term of the loan, the level of deposit or equity in the loan, customer credit history, and customer risk profile. Please see below for specific examples.

*When considering the above finance & leasing options, we recommend that you seek independent financial / legal advice based on your individual circumstances.

INSURANCE

Call in, phone or email our Business Department to discuss options that will meet with your financial plan.

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Joe Reynolds

Finance & Insurance Manager P: +649 520 6369 M: +6421 444 002 E: jreynolds@schofields.co.nz

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Steve Coley

Finance & Insurance Manager P: +649 520 6369 M: +6421 959 345 E: scoley@schofields.co.nz