Commercial Hire Purchase (CHP)

If your aim is to ultimately own the motor vehicle or equipment you wish to hire, you may find a commercial hire purchase agreement a suitable option.

A hire purchase arrangement is an agreement to purchase equipment subject to payment terms. Ownership is automatically transferred to you when you make the final payment. You also have the option to purchase the equipment at any time during the term of the agreement.

Features of a Commercial Hire Purchase

	Repayments can be tailored to your business cash flow
	Irregular and seasonal repayment plans are available

How can your business benefit?

	Ownership automatically transfers to you with the final repayment
	Equipment can be purchased at any time during the term of the agreement
	No need for a deposit
	Flexible repayment arrangements
	The interest component of the repayments, and the depreciation on the equipment can be claimed as tax deductions provided the equipment is used to generate assessable income