A Commercial Hire Purchase (CHP) is a particular type of finance product used by businesses and/or employees that require a vehicle for business use. A CHP is similar in agreement to a Chattel Mortgage, only that the lender holds title of the security until all monies are paid.
For tax purposes you may claim Depreciation, Running Costs and Interest charges against your business income at the percentage of business use applied.
Business operators may also be bale to amortise the GST component of the Holden in your B.A.S. for the term of the loan. This depends on how you remit your GST (cash or accrual).
The CHP is popular with employees who receive car allowances.
It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.
You have the option of including an upfront deposit or trade-in to reduce your monthly finance commitment, while also a balloon/residual payment can be employed at the end of the term to allow greater flexibility in payments.
Alternatively, you may chose to structure your payments to clear the debt in full over the term of your finance agreement (fully amortised).
Commercial Hire Purchase – Benefits
- Interest paid and depreciation of the vehicle are tax deductible (equal to the level of business usage)
- No capital outlay required and cash flow protected Terms can be flexible and fixed repayments make for easy future budgeting
- After full payment of the hire purchase agreement, ownership of the goods is transferred to you o You have the options to structure a loan with or with deposit and with or without a balloon payment
- No monthly fees are administration charges
- For your convenience, all finance documentation completed at the time your new HSV is delivered.
A Commercial Hire Purchase (CHP) is a particular type of finance product used by businesses and/or employees that require a vehicle for business use. A CHP is similar in agreement to a Chattel Mortgage, only that the lender holds title of the security until all monies are paid.
For tax purposes you may claim Depreciation, Running Costs and Interest charges against your business income at the percentage of business use applied.
Business operators may also be bale to amortise the GST component of the Holden in your B.A.S. for the term of the loan. This depends on how you remit your GST (cash or accrual).
The CHP is popular with employees who receive car allowances.
It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.
You have the option of including an upfront deposit or trade-in to reduce your monthly finance commitment, while also a balloon/residual payment can be employed at the end of the term to allow greater flexibility in payments.
Alternatively, you may chose to structure your payments to clear the debt in full over the term of your finance agreement (fully amortised).
Commercial Hire Purchase – Benefits
- Interest paid and depreciation of the vehicle are tax deductible (equal to the level of business usage)
- No capital outlay required and cash flow protected Terms can be flexible and fixed repayments make for easy future budgeting
- After full payment of the hire purchase agreement, ownership of the goods is transferred to you o You have the options to structure a loan with or with deposit and with or without a balloon payment
- No monthly fees are administration charges
- For your convenience, all finance documentation completed at the time your new HSV is delivered.
A Commercial Hire Purchase (CHP) is a particular type of finance product used by businesses and/or employees that require a vehicle for business use. A CHP is similar in agreement to a Chattel Mortgage, only that the lender holds title of the security until all monies are paid.
For tax purposes you may claim Depreciation, Running Costs and Interest charges against your business income at the percentage of business use applied.
Business operators may also be bale to amortise the GST component of the Holden in your B.A.S. for the term of the loan. This depends on how you remit your GST (cash or accrual).
The CHP is popular with employees who receive car allowances.
It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.
You have the option of including an upfront deposit or trade-in to reduce your monthly finance commitment, while also a balloon/residual payment can be employed at the end of the term to allow greater flexibility in payments.
Alternatively, you may chose to structure your payments to clear the debt in full over the term of your finance agreement (fully amortised).
Commercial Hire Purchase – Benefits
- Interest paid and depreciation of the vehicle are tax deductible (equal to the level of business usage)
- No capital outlay required and cash flow protected Terms can be flexible and fixed repayments make for easy future budgeting
- After full payment of the hire purchase agreement, ownership of the goods is transferred to you o You have the options to structure a loan with or with deposit and with or without a balloon payment
- No monthly fees are administration charges
- For your convenience, all finance documentation completed at the time your new HSV is delivered.
A Commercial Hire Purchase (CHP) is a particular type of finance product used by businesses and/or employees that require a vehicle for business use. A CHP is similar in agreement to a Chattel Mortgage, only that the lender holds title of the security until all monies are paid.
For tax purposes you may claim Depreciation, Running Costs and Interest charges against your business income at the percentage of business use applied.
Business operators may also be bale to amortise the GST component of the Holden in your B.A.S. for the term of the loan. This depends on how you remit your GST (cash or accrual).
The CHP is popular with employees who receive car allowances.
It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.
You have the option of including an upfront deposit or trade-in to reduce your monthly finance commitment, while also a balloon/residual payment can be employed at the end of the term to allow greater flexibility in payments.
Alternatively, you may chose to structure your payments to clear the debt in full over the term of your finance agreement (fully amortised).
Commercial Hire Purchase – Benefits
- Interest paid and depreciation of the vehicle are tax deductible (equal to the level of business usage)
- No capital outlay required and cash flow protected Terms can be flexible and fixed repayments make for easy future budgeting
- After full payment of the hire purchase agreement, ownership of the goods is transferred to you o You have the options to structure a loan with or with deposit and with or without a balloon payment
- No monthly fees are administration charges
- For your convenience, all finance documentation completed at the time your new HSV is delivered.