Managed Chattel Mortgage Terms of Use

Your Income Estimate

To provide an estimate of your potential tax savings, we rely on the “Annual Taxable Income” information you provide to be accurate. You may need to consult with your tax professional to obtain this figure.

Record keeping, supporting documents, evidence for claims, accuracy and Compliance:

You must retain appropriate documentation to support any claims made in relation to tax deductions or business use. Please refer to the ATO website for more information or talk to your tax professional.

Staying Informed

Tax rules and obligations can change. It’s your responsibility to stay up to date with current tax legislation. Always consult the ATO website or speak with your registered tax agent or accountant for advice tailored to your personal financial situation.

This estimate is provided as a general estimate only.

The estimated vehicle running costs are based on the vehicle make and model, and the annual travelled km allowance you have chosen. These budgets can vary over the finance term due to inflationary price rises and a change in your km’s travelled. You always have the option to amend your budgets throughout the term.

Incidental Vehicle Costs – This estimate does not include incidental car costs such as car washes, minor repairs to dents and scratches. Paying for these costs from the set budgets within this estimate will affect the set budget items and may result in budget changes over the finance term.

Projected income tax savings based on the annual taxable income estimate you’ve supplied. These tax savings do not take into account your other personal financial income or expenses. Please talk to your tax professional before making any decision on this estimate.

This estimate is based on current ATO income tax and GST rates. If these rates change, your tax savings will be affected.

This estimate shows the effect of total tax savings over a weekly and a monthly period. Depending on the timing of your tax/accounting period, your net vehicle cost or cash position may vary from the estimate. For example, if you do your tax refunds on an annual basis, you will only see the tax benefit annually. If you do tax variations and/or BAS returns quarterly, you will see the tax benefit quarterly. Please talk to your tax professional before making any decision on this estimate.

This is an estimate only, not a legally binding contract.

This estimate does not create any legally binding obligations for either party. We recommend discussing this estimate with your accountant or tax advisor before making any financial decisions.

The information and any advice provided within this estimate is ‘general advice’ only. This means that the advice has been prepared without taking into account your full personal objectives, financial situation, or needs. It is not intended to be a substitute for professional taxation advice from a licensed accountant or tax advisor who can consider your unique circumstances.

The information is provided in good faith and is believed to be accurate and reliable at the time of preparation. However, Vehicle Solutions Australia does not guarantee the accuracy, completeness, or timeliness of the information over the term of the finance, as your personal financial circumstances, such as income and expenditure, can change. We recommend discussing this estimate with your accountant or tax advisor before making any financial decisions.

Standard Indemnity

On accepting these terms and conditions you hereby indemnify Vehicle Solutions Australia and undertake to keep us indemnified against any losses, damages, costs, liabilities and expenses, plus, without limitation legal expenses and any amounts paid by us to a third party in settlement of a claim or dispute on the advice of our legal advisors incurred by Vehicle Solutions Australia arising out of any breach by you of any provision of these terms of use, or arising out of any claim that you have breached any provision of these terms of use.