Equipment Finance
Match your capital expenditure to your business cash flow!
Commercial Hire Purchase - Chattel Mortgage
A hire purchase arrangement is an agreement to purchase equipment subject to payment terms. During the term of the agreement, the financier owns the equipment, with ownership automaticlly transferring to you when you make the final payment.
This finance is ideal if you are buying equipment for the business and want full ownership at the end of the finance period.
Chattel mortgage is essentially the same style of finance but transfers ownership to you immediately which has certain GST implications.
Leasing:
Leasing relieves constraints on cash flow by providing 100% of the equipment.
There are no large residual payments.
At the end of the initial period, you have many options:
- you can hand the equipment back without penalty;
- offer to purchase the equipment at fair market value
- upgrade the equipment; or
- continue to lease at a negociated rental that suits your needs.
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