Commercial Hire Purchase (CHP)

Commercial Hire Purchase is a sensible approach for any business or individual that needs to either upgrade or acquire a new or used Vehicle. Regular payments are made over the term you choose. Full ownership of the Vehicle is transferred to you when all the payments have been made.

Flexibility is an attractive feature of Commercial Hire Purchase. You can choose to finance the total purchase price, use a deposit or trade-in, or add a final lump sum balloon payment to reduce the loan repayments.

Under a Commercial Hire Purchase agreement, you do not become owner of the Vehicle until all monies owed under the agreement are paid. However, you can still claim a tax deduction for depreciation on the Vehicle, as well as the interest component of the loan repayments when the Vehicle is used for business related purposes. In addition, GST is not payable on the Commercial Hire Purchase repayments.

For high technology equipment, which usually becomes obsolete over the term of the lease, the risk of ownership is removed as the customer can hand back the equipment and upgrade.

Consider these Commercial Hire Purchase benefits:

• The repayments are fixed over the term of the Commercial Hire Purchase
• You can structure the repayments with or without a balloon
• Minimum capital outlay
• Repayments are flexible
• The repayments are exempt from GST
• Flexible terms from 12 months to 60 months to match your individual requirements

What can you finance with Commercial Hire Purchase?

You can finance any new or used vehicle, plant and equipment of reasonable age and condition. The amount financed can also include your on-road charges and Insurance.

Simple steps to get started

If you wish to get a quote or would like one of our friendly team to call you, please click 'Get a Quote' or 'Call Me' above and we will contact you at your convenience.