Tax advantages, flexibility, low fixed monthly budgeting

Commercial hire purchase offers you the flexibility of knowing exactly what your monthly repayments will be, while providing you ownership of the vehicle at the end of the agreed term. If you use the vehicle primarily for business related purposes, you'll also benefit from tax advantages.

This option is also available for your employees (and is also a suitable alternative method of finance for Ministers of Religion), if their vehicle is going to be used primarily for business purposes. They'll enjoy access to low commercial rates, flexibility to set loan terms and residual values, tax advantages, and the option to own the vehicle at the end of the term.

Other benefits of commercial hire purchase include:

• fixed monthly payments
• acceptance of a deposit (either cash or vehicle trade-in) to reduce loan amount
• flexible loan terms, with ownership at the end of the term
• tax deductibility on the depreciation on the vehicle and the interest component of the monthly payment, if the vehicle is used to generate income or the expense is required in carrying on your business
• the option to claim GST on the vehicle price, if you're registered for GST