Metro Finance

specialists in Commercial Asset Finance

Vehicle & Equipment Finance


About Us

METRO FINANCE is an Australian owned and independent prime commercial auto and equipment lender. Established in 2009, METRO provides brokers with an alternative to bank funding and strives to provide responsive credit and settlements service.

As a non-bank lender, METRO is able to assess every proposal on its merits without a score-card approach.

METRO only accepts business from a select group of finance brokers in order to maintain a relationship driven focus. METRO does not provide loans direct to the market, so at all times the broker retains the customer relationship.

Metro is backed by private equity and Australian institutional funding.

  • Integrity
    To be fair and honest in all of our dealings with our customers and service providers.
  • Service
    No matter how large we grow our company philosophy is to provide efficient, courteous and friendly service.
  • Competitive
    To provide reliable, low rate finance for Australian businesses.
  • Reliability
    When we say “yes”, you can count on us to deliver.

Products

In a finance lease the financier purchases the vehicle and then leases it to the customer. The customer is responsible for monthly rental payments which are fixed for the entire term of the agreement.

The lease payments may be claimed as a tax deduction if the vehicle is used to generate assessable income. GST on the purchase price of the vehicle is claimed back by the financier, which is then deducted from the total amount financed. Customers registered for GST may be able to claim a credit for the GST on the monthly lease payments.

Commercial Hire Purchase is a finance product available to businesses where the financier purchases the vehicle and then hires it back to the customer over a set period of time. The interest component of the repayments and the depreciation on the vehicle may be claimed as a tax deduction if the vehicle is used to generate assessable income.

Commercial Hire Purchase contracts are fully taxable for GST purposes. Customers will now be able to claim a full income tax credit at the commencement of the agreement. Metro Finance provides customers with the option of paying the GST up front, or financing the GST into the Commercial Hire Purchase contract.

Also known as a Chattel Mortgage, the financier lends the customer the funds for the purchase of an acceptable asset. The customer takes ownership at the time of purchase and regular payments are made over an agreed period of time. The goods acts as security against the loan, which is discharged upon payment of the final instalment.

The interest component of the repayments and the depreciation on the vehicle may be able to be claimed as tax deductions if the vehicle is used to generate assessable income. The repayments are normally exempt from GST. Customers registered for GST may be able to claim the GST that is included in the vehicle purchase price.

Metro Finance’s products allow your business to purchase the latest vehicles and equipment in a tax effective manner, whilst preserving your working capital.

Vehicle Finance

Metro finances new and used passenger and commercial vehicles for business purposes.

  • Passenger vehicles & commercial vehicles
  • New and used vehicles (maximum 10 years old at end of term)
  • Vehicle purchased from recognised dealer, private sales or sale & hire backs
  • No exotic cars
  • Loans from $5,000
  • Business certainty with fixed repayments
  • 2 to 5 years terms
  • Balloon payments up to 30% at end of term
  • Repayments monthly by Direct Debit
  • Business purpose only
  • Keep business fleet up to date without tying up working capital
  • Potential tax benefits depending on finance option

Equipment Finance

Metro finances Material Handling, Trailers, Earthmoving, Yellow Goods and more.

  • New and used equipment
  • Goods purchased from dealer, private sales or sale & hire backs
  • Wide range of equipment can be funded
  • Equipment must be serial numbered
  • Metro will not finance IT, fixtures, fittings or printers
  • Loans from $5,000 to $200,000
  • Business certainty with fixed repayments
  • 2 to 5 year terms
  • Flexible repayment structures to suit business needs
  • Balloon payments may be structured depending on asset type
  • Sole Traders, SME’s and Corporate’s
  • Suits clients look to buy, hire or lease
  • Maintain modern equipment without tying up working capital