Do you need transport vehicles for office use? Are they out of your budget? Using Commercial Hire Purchase, you can get your desired vehicle from a lender on a suitable installment plan. With an agreed upon fixed repayment schedule, usually ranging from 1 to 5 years, you will be able to own the vehicle at the end of the term.
A commercial hire purchase (CHP) can be used to rent a vehicle from a lender who purchases the vehicle on your behalf. A CHP can be taken only if the vehicle is being used for business purposes, and it is favorable because it allows flexible payment options and reduces potential tax deductions. This method of financing vehicles for your business can be especially beneficial if your business is a registered entity under the Australian GST provision. Contact equipment financing specialists at Carruthers Financial Services today to find out how you can use CHP in a way that profits you.
If you are considering an Commercial Hire Purchase, you may also want to take a look at as other possible finance options.:
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