Hire Purchase

Spread out payments over time with Hire Purchase arrangements that reduce your upfront costs while allowing you to enjoy use and ownership of an asset.

Under Hire Purchase arrangements, the Hirer can make payments for the equipment on a regular instalment basis over a fixed repayment term. This allows the Hirer to better manage their cash flows as equipment is paid off in tandem with the productive use of said equipment. The Hirer takes ownership of equipment at the end of the repayment term.

At A Glance

  • Financing of up to 90% of the asset value.
  • Goods and Services Tax (GST) is charged upfront on cash price of an asset.
  • Title of asset is transferred to Hirer upon full payment.
  • Applicable to most fixed assets.