Hire Purchase

Perth hire purchase for your business vehicle needs

Are you considering leasing or hire purchase to finance your organisation's vehicle needs?

Many Perth business enter into hire purchase or leasing agreements to pay for and use vehicles over a period of time rather than paying the full cost up front or seeking finance or a car loan that requires property as security

Under a hire purchase agreement, you:

• Purchase goods through instalment payments.
• Use the goods while paying for them.
• Do not own the goods until you have paid the final instalment.

Under most hire purchase arrangements, you may have the option to gain ownership of the vehicles once you've paid the purchase price, plus interest, and a nominal fee.

Tax benefits of hire purchase

If you finance your vehicles using Hire Purchase you may be entitled to claim:

• Depreciation
• Running costs
• Interest paid
• The GST component of your purchase on your next BAS statement

Perth business benefits of hire purchase

• You are not required to outlay capital
• No property is required as security for the finance
• Payment terms can be flexible
• You own your vehicle at the end of your hire purchase contract

Find out if hire purchase is right for your business car finance needs or discuss other car loan options such as Finance Lease, Chattel Mortgage or Novated Lease by talking to one of our qualified brokers.

Make an appointment by filling in the online form or phoning 08 9317 1900.