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Commercial Hire Purchase

A Commercial Hire Purchase can present an ideal finance option for those businesses that use the Accrual method of accounting, as for tax purposes it provides this type of business with ownership.

A Commercial Hire Purchase provides such businesses the ability to claim the full Tax Input Credits for the GST portion of the purchase when the business lodges its next BAS

Commercial Hire Purchase Key Features

The Key Features Of a Commercial Hire Purchase Are

  • Flexible Terms You can choose from terms of 1-5 years.
  • Flexible Residual You can choose to factor in a residual, but it is not compulsory.
  • Repayment Options You can choose to structure a repayment schedule that suits. This could be monthly, Quarterly, Bi-Annually, or Yearly.
  • You can claim the depreciation of the goods and the interest component of your repayments as a business expense providing the goods have business use.

Commercial Hire Purchase Loans and Security

The security offered for a Commercial Hire Purchase should only be the goods that you are actually financing. No further security should be required other than the guarantee of the borrower.

Commercial Hire Purchase Loan Costs

Commercial Hire Purchase costs can range from $0 to $350 for establishment and interest rates should be the same a a chattel mortgage type loan.

Why use Equipfin?

Equipfin is part of the Platinum Direct Finance group of companies who will finance over 800 million dollars worth of Vehicles, TrucksBoats, Equipment and Machinery this year! Due to this volume and buying power, we can give our clients access to the best personal loan rates and financing products across Australia.

Need More Information

Call Us Now on 1300 959 144 or simply email us at [email protected] we will give you an immediate approval indication and have your loan underway in no time at all!

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