Commercial Hire Purchase
Commercial hire purchase allows your business to acquire essential equipment, vehicles, or machinery with structured payments over time, eventually leading to full ownership. It's an ideal solution for businesses that need assets but want to preserve cash flow.
How Hire Purchase Works
The Process
- Select your equipment or vehicle
- We arrange the finance structure
- Make regular payments over agreed term
- Take ownership at end of agreement
- Enjoy tax benefits throughout
Ownership Benefits
- Use the asset from day one
- Claim tax depreciation
- Build equity over time
- Full ownership at term end
- No balloon payment required
What Can Be Financed?
Commercial Vehicles
- Delivery trucks and vans
- Heavy commercial vehicles
- Specialized transport equipment
- Fleet vehicles
- Construction vehicles
Business Equipment
- Manufacturing machinery
- IT and technology systems
- Medical and dental equipment
- Hospitality and retail equipment
- Professional services equipment
Industrial Assets
- Factory and production equipment
- Warehouse and logistics systems
- Agricultural machinery
- Mining and construction equipment
- Processing and packaging systems
Key Benefits
Tax Advantages
- Claim depreciation on the asset
- Interest component is tax-deductible
- GST benefits available
- Improve business tax position
Cash Flow Management
- Preserve working capital
- Fixed monthly payments
- Spread costs over asset life
- Predictable budgeting
Asset Ownership
- Build equity from day one
- Asset appears on balance sheet
- Potential capital appreciation
- Full ownership at term end
Hire Purchase vs Other Options
vs Operating Lease
- Ownership: Gain ownership with hire purchase
- Depreciation: Claim depreciation benefits
- Flexibility: More modification freedom
- Long-term cost: Often more cost-effective
vs Chattel Mortgage
- Structure: Similar ownership benefits
- Balloon payments: No balloon required
- Risk: Lower refinancing risk
- Simplicity: Straightforward structure
Industry Applications
Construction & Trades
- Earth moving equipment
- Construction machinery
- Tools and specialized equipment
- Safety and access equipment
Transport & Logistics
- Commercial vehicles
- Specialized transport equipment
- Warehousing systems
- Loading and handling equipment
Manufacturing
- Production machinery
- Quality control equipment
- Packaging and processing systems
- Automation technology
Healthcare
- Medical diagnostic equipment
- Dental chairs and systems
- Laboratory equipment
- Patient care technology
Terms & Conditions
Flexible Terms
- Terms typically 2-7 years
- Monthly, quarterly payment options
- Fixed interest rates available
- Early payout options
Security Requirements
- Asset secures the finance
- Personal guarantees may apply
- Business security sometimes required
- Clear title transfer process
Application Process
1. Asset Selection
- Choose your equipment/vehicle
- Get supplier quotations
- Consider new vs used options
- Evaluate specifications
2. Finance Application
- Complete hire purchase application
- Provide business financials
- Submit equipment details
- Include personal guarantees
3. Assessment & Approval
- Quick credit assessment
- Asset evaluation
- Terms negotiation
- Documentation preparation
4. Settlement
- Finance documentation signing
- Supplier payment arrangement
- Asset delivery coordination
- Insurance arrangements
Why Choose Our Hire Purchase Service?
Competitive Rates Access to multiple funders for the best available rates.
Fast Approval Streamlined process with quick turnaround times.
Industry Expertise Deep understanding of hire purchase across all sectors.
Flexible Terms Structured to match your business cash flow needs.
Ongoing Support Dedicated relationship management throughout the term.
Get Started Today
Ready to acquire the assets your business needs? Our commercial hire purchase specialists are here to help.
Commercial hire purchase is subject to credit assessment and approval. Terms and conditions apply.