Commercial Hire Purchase

Is a Commercial Hire Purchase suitable for me?

Monthly repayments and residuals do not include a GST component.

Full cost of the asset is financeable over terms from 12 to 60 months with the ability to pay a deposit and finance less, or take a residual/balloon at the end of the loan, to reduce the monthly commitment. 

For asset depreciation and interest deductability purposes the asset is "owned" by the client.

Since July 1 this year  the government legislated that GST is payable on the interest charges arising from a hire purchase contract. This has resulted in a "double" impost causing hire purchase to lose its popularity.