Hire Purchase

 

A Hire Purchase is one of the most commonly used commercial products in the market today. It’s suited to companies, partnerships, sole traders and employees who will be using the vehicle for business purposes.

 

At Quantum we strongly recommend that the structure is taken advantage of if you’re a business that is running on an accruals basis based on the many benefits involved. A HP we also strongly recommend to an employee who requires using his/her vehicle for business purposes.

 

Few Features:

 

Tailored contract terms from 24 to 60 months.
Fixed Interest.
Residual value (balloon) can be built into contract (great for reducing monthly fixed repayment).
Tax deduction on interest charges when used for business purposes.
Cheaper rates because commercial and secured.
No GST charged on monthly repayment or residual payment.
Registered GST customers can claim GST in vehicle price (if accounting on accruals basis) as an input tax credit on their next BAS statement.
Depreciation and vehicle running costs can be claim.

 

A chattel can save you thousands initially by being able to claim the GST + more over the life of the loan by taking advantages of the deduction you receive from interest, depreciation and running costs.

 

At Quantum we make the process as easy as possible. We guarantee several things:

 

1. The cheapest repayment in the market.
2. Instant approval or approval within 6 hours.
3. Friendly customer service, we will always answer your calls.
4. After hours availability.
5. Advice and education from professional consultants.
6. After sales service.
7. No or minimal discharge costs.

 

For more information please enquire online with us today, we will call you back within 2 hours.