Leasing
Wayne Kirk Mitsubishi offer tailor made solutions to make
buying a new or late model Mitsubishi vehicle as easy and affordable as
possible. Our suite of Mitsubishi Finance products includes credit
contracts, full maintenance and non maintenance leasing, no and low
deposit finance, New Zealand’s Best Car Deal, deferred payments,
seasonal payments – in fact we go out of our way to find the perfect
solution for your needs.
Our service is highly competitive and completely confidential –
you can even apply for car finance on line from the comfort of you home
or office.
There is no need to put your house up as security, or burn up other
valuable lines of credit elsewhere. Contact us today and ask about how
affordable we can make your next Mitsubishi.
HIRE PURCHASE
This is based on the vehicle of your choice, and is also owned
by you, the customer. Once again, you have the option of putting in a
deposit, or you can base it upon a no deposit deal. Payment options are
flexible, and include residual (balloon) payment options as well,
subject to finance company approval. If you are GST registered, you can
claim the full amount of GST paid on the vehicle when you complete your
next return. We can then put this amount into your payments to reduce
the amount paid per month if you so require.
There are two types of Leases available, Operating Lease and
Financial Lease (known also as Lease to Own). An operating lease has
two options also, Fully Maintained and Non Maintained. Also available
is the standard Hire Purchase Contract.
OPERATING LEASE – MAINTAINED
This is a vehicle chosen by you but owned by the lease
company. All Service, WOF and Registration costs are included in the
monthly payment, with the only costs required by you, the customer is
the normal day to day running. Tyres are normally included also, on a
replacement cycle of a new set every 40.000 k’s travelled. These can be
excluded though, talk to us regarding the best option to suit your
needs. At the end of the lease term, the vehicle is handed back to the
lease company and you walk away with no further obligation to the
vehicle.
OPERATING LEASE – NON MAINTAINED
Once again, this is a vehicle chosen by you but owned by the
lease company. However all Service, WOF and Registration costs are met
by you, the customer, in addition to the normal day to day running
costs. Again, at the end of the lease term the vehicle is handed back
to the lease company and you walk away with no further obligation to
the vehicle.
FINANCIAL LEASE
This is based on a vehicle chosen and ultimately owned by you,
the customer. This option has a lot more flexibility for you in tern of
how the repayment options are handled. You have the option of a deposit
offered as first payment, or based on a no deposit deal. At the
completion of the lease term, there is an agreed residual (balloon)
payment that has three options of repayment. If at the end of the term,
you no longer want to continue with that vehicle, you can upgrade to a
new one and the trade in price (eg: $25,000) is deducted from the
residual (eg: $10,000) to give you a net trade in value for you next
vehicle (in this case $15,000). Or else if, at the end of the term, you
wish to own the vehicle, you have a further two options. One, you pay
the residual balance owing in one lump sum, or two, you can refinance
the outstanding residual balance again at payments and term to suit. If
you are GST registered, you can also claim back the monthly GST amount
of the vehicles payment on your GST returns. As this is a lease
agreement, you can also claim back up to the full monthly rental on the
vehicle, and you don’t have on your books a depreciating asset. Upon
the completion of all financial obligations, the option of ownership
will be offered to you.