If your aim is to ultimately own the vehicle or equipment you wish to hire, you may find a Hire Purchase Agreement a suitable option.

A Hire Purchase arrangement is an agreement to purchase equipment subject to payment terms. During the term of the agreement, the financier owns the vehicle, plant or equipment. Ownership is automatically transferred to you when you make the final payment. You also have the option to purchase the equipment at any time during the term of the agreement.

Deposits are optional but generally not required. Stamp duty is payable on repayments in most States and Territories. Hire Purchase agreements are subject to GST. Where the terms charges are disclosed in the hire purchase agreement, GST is calculated on the cost of the equipment less the Input Tax credit applicable to the purchase. Repayments are not subject to GST.

Features

Repayments can be tailored to suit your business cash flow

Irregular and seasonal repayment plans are available

How can your business benefit?

Ownership automatically transfers to you with the final repayment

Eequipment can be purchased at any time during the term of the agreement

No need for a deposit

Flexible repayment arrangements

The interest component of the repayments, and the depreciation on the equipment can be claimed as tax deductions provided the equipment is used to generate assessable income

Contact us now to find out how we can help with your requirements

Click on these links below for more information on Leasing...

Standard Lease
Novated Lease
Chattel Mortgage


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