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Fleet Sales guarantee to beat any genuine written quotation on any new car for our private and fleet customers. Our goal is to exceed the expectations of our customers by providing prompt, reliable information and by ensuring that we have the best fleet prices and fastest delivery times.

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Home arrow Need Finance arrow Hire Purchase
Fleet Sales - Hire Purchase E-mail
A Hire Purchase or Commercial Hire Purchase arrangement is an agreement to purchase
vehicles or equipment, predominately for business use.
You will automatically own the goods when you pay the final payment (residual).

Term:
The term of THE COMMERCIAL HIRE PURCHASE agreement is
normally from 1 - 5 years.

Residual/Balloon:
You can choose to have a balloon (residual) payment as the last payment of the Commercial
Hire Purchase agreement.  This balloon payment is usually between 10% - 40% of the cost
price.  A balloon payment allows for lower monthly payments and leaves you  with more
working capital to run your business.
 
Deposits:
Deposits are optional on a Commercial Hire Purchase. You may however choose to trade in
existing equipment or a vehicle, or put in a deposit to reduce the amount to be financed.  This,
in turn, reduce your monthly repayments.

Owner of the goods:
The financier owns the goods (i.e - retains legal title) during the term of the Commercial Hire
Purchase agreement.  You automatically secure ownership upon payment of the final instalment.

Accounting benefits:
Interest charges in the Commercial Hire Purchase and depreciation of the vehicle are tax
deductible.  No capital outlay is required in a Commercial Hire Purchase and cash flow is
protected.  Terms can be flexible with the Commercial Hire Purchase, fixed repayments
make for easy future budgeting After full payment of the Commercial Hire Purchase
agreement, ownership of the goods is transferred to you.  You have the option to make
payments with or without a balloon payment at the end of the term. The amount financed is
inclusive of GST, however, your monthly repayments are not subject to GST.
The goods you purchase become an asset that shows on your balance sheet for your business.
The goods will also be a contingent liability until the end of the finance agreement.

Click here to fill in the online Enquiry Form or phone Fleet Sales on 02 9872 8000 and one of our friendly consultants will be happy to answer any questions you may have.

 
 
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