Hire Purchase
Hire purchase agreements are one of the most common forms of car finance across the country. If you have a car that is used almost exclusively for business purposes, and are set up for GST accounting on an accruals basis, taking out a hire purchase agreement could save you thousands of dollars.
When you take out a hire purchase agreement through Quantum Finance, we guarantee you the lowest rates in the country! Finding Car Loans under hire purchase has never been easier than with our team of major city specialist Car lease and car finance brokers.
How does a Hire Purchase Work?
There are some great tax advantages to getting car finance with a hire purchase agreement that can be different to other business car finance, like novated leases.
For example:
• There is no GST charged on the monthly hire charges
• There is no GST charged on the residual, or balloon amount of the hire purchase contract
• GST on the actual purchase price can be claimed in a lump sum on your activity statement if you account on an Accruals basis, or in instalments if you account on a cash basis
• If the vehicle is used for business, interest and depreciation will be tax deductions on your return.
Quantum Finance is expert in all types of business car finance as well as consumer car finance, offering both ordinary and Bad Credit Car Loans AT THE LOWEST RATES IN THE MARKET, GUARANTEED.
With Quantum:
• All it takes is a simple qualification over the phone
• Tell us what you want, and we'll give you the best car finance options in the country
The Quantum network is nationwide and covers Brisbane, Perth, Hobart, Canberra, Melbourne and Sydney, Contact our team today!
Why choose Quantum?
Quantum finance solutions is a company that “will work for you” from start to finish in order to provide you with the best possible solution. We guarantee the best rates and lowest repayments on the market and you can feel comfortable knowing that you are dealing with an expert in the field of car finance.
Need further information?
If you require further Hire Purchase assistants, either call 1300 974 066 to speak with an experienced car finance consultant or complete a quick enquiry form
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