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Anyfin offers tailored commercial hire purchase agreements that are ideal for Australian businesses looking to purchase cars and other vehicles for commercial use. A commercial hire purchase enables the business to preserve capital for other strategic investments. A Commercial Hire Purchase through Anyfin means your business can benefit from expensing up to 100% of your monthly repayments, allowing for tax efficiency and better cash flow management.
Commercial hire purchase agreements feature fixed interest rates, which means your payments remain consistent throughout the term, aiding in precise budget forecasting. At the end of the hire purchase agreement, ownership of the vehicle transfers to your business, which then benefits from any residual value.
Anyfin’s flexible terms, including optional balloon payments, are designed to match your business’s financial circumstances and goals, ensuring that acquiring new or used vehicles enhances your operational capacity without straining your finances. Access our business finance experts for fast approvals, and advice on your next commercial hire purchase.
A commercial hire purchase is a finance agreement where a business hires a vehicle or equipment from a financier for a fixed period. Ownership transfers to the business once all payments, including any final balloon payment, are completed.
How GST is treated has recently changed. This may offer benefits to your business, however we recommend you speak to your accountant to consider the specific circumstances of your business.
Anyfin can finance almost any asset that is used for business purposes. This includes cars, utes, trucks, machinery, technology, or equipment.
Yes, payment schedules in a commercial hire purchase can be tailored to match your business’s cash flow. Generally, repayments are a fixed amount, however options include structuring payments to be higher when business income is higher, or incorporating a balloon payment to lower the monthly payment.
A deposit or down payment is not always necessary, depending on your agreement with the financier. Some agreements can be structured with no upfront payment to better suit your financial circumstances. Let us know your preference when you speak to us.
At the end of the commercial hire purchase agreement, after all payments have been made, ownership of the asset automatically transfers from the financier to your business.
To apply, you can fill out an application online or contact Anyfin directly through our website or by phone and we will guide you through the application process.
