Hire Purchase
What does Leasewise Australia offer?
Leasewise Australia provides Motor Purchase and Equipment Purchase agreements for small businesses to purchase vehicles and equipment for use as income producing assets.
Commonly referred to as Hire Purchase or Commercial Hire Purchase agreements these finance facilities are suitable for businesses who want to own the vehicle at the end of the finance term after the final payment has been made.
Leasewise Australia purchases new or used vehicles or equipment assets from suppliers and hires them to you for a fixed term for a fixed payment amount.
Features and Benefits
- Flexible Contract terms – ranging from 12 months to 60 months
- Fixed payments – same payments for the term of the loan unless balloon option chosen
- Monthly payments in arrears – opportunity to produce cash flow before first payment is due
- Deposit option – a larger payment up front will reduce payments over the term
- Balloon option – a balloon final payment also reduces payments over the term
- GST treatment – GST registered hirers are able to claim a part or full Input Tax Credit
- Income Tax treatment – taxpayers are able to claim depreciation and interest charges for assets used in their businesses
