Commercial Hire Purchase

InterPrac Hire Purchase offers clients the opportunity to buy vehicles with no deposit and with the option to repay the loan and take ownership of the vehicle at any time.

Hire Purchase is a flexible way to purchase vehicles and equipment:

• no deposit is required, although clients can make a deposit if they prefer repayments are made from a nominated bank account and can be programmed and seasonally adjusted to suit cash flow
• interest and depreciation are tax-free when the equipment is used to generate tax-assessable income
• monthly payments and balloon payments are GST-free
• clients can repay the loan and take possession of the equipment at any time
• ownership of the equipment transfers immediately from the financier to our client at the end of the contract or when the contract is terminated early
• full maintenance and management of Hire Purchased vehicles and equipment if required.

For more information on hire purchase lease agreements, please contact an InterPrac representative.