A commercial hire purchase is another form of financing your motor vehicle where you can obtain goods by hiring them over the repayment term. This provides you with the option of taking up ownership of the vehicle at the end of the term.
Commercial Hire Purchase
COMMERCIAL HIRE PURCHASE BENEFITS:
- Fixed rate for the life of the loan
- Loan terms from 1-5 years
- Balloon repayments available
- GST is not charged on the monthly rental or residual payment (but is charged on fees and interest)
- Finance may include on-road costs and insurances
Things you should know
* The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Customers must seek their own independent tax advice in relation to their individual circumstances.
* Terms and conditions, fees and charges may apply and are available on application. Lending criteria applies to finance applications.
Financing for this product may be provided by St.George Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141 Australian credit licence 233714. Jaguar Financial Services is a registered trading name of Jaguar Land Rover Australia Pty Ltd and is operated under licence by St.George Bank – A Division of Westpac Banking Corporation.