Commercial Hire Purchase is an agreement to purchase equipment over time for use in your business.

During the hiring period, the lender has security over the equipment, with you as the owner paying regular payments.

Commercial Hire Purchase features:

• Fixed interest rate for the contract.
• Balloon payment at the end of the contract is available to reduce monthly repayments if required.
• No GST payable on the loan or repayments.
• The loan can be repaid at any time during the term of the agreement.
• The interest component of the payments and depreciation on the vehicle may be tax-deductible.