Asset or Hire Purchase

For companies looking to buy equipment, machinery or vehicles, asset – or hire – purchase provides a flexible and cost effective alternative to overdraft or bank loan funding.

Benefits of Asset Purchase, or Hire Purchase as it is sometimes known.

• Repayments can be matched to the pattern of your cash flow
• You can claim depreciation on the equipment
• Title in the goods passes to you at the end of the agreement
• The interest element of the payments is tax deductible
• GST is immediately recoverable on the whole purchase price
• Simple, clear documentation

By using Asset Purchase to finance your machinery and vehicles, we can demonstrate how it will provide immediate cashflow benefits to help you grow your business.