Car loans

Commercial Hire Purchase

Also known as CHP, this is the most common vehicle product.

Commercial Hire Purchase is a commercial finance product title is passed to the owner once all the payments are made.

AT Landmark Financial Services we give you access to the best financing options with competitive rates. Commercial Hire purchase is available for companies or individuals using their vehicle predominantly for business purposes.

What are the features & benefits of Commercial Hire Purchase

• The loan term is between 12-60 months.
• Interest rate is fixed for the loan term
• Low establishment fees and monthly fees, no payout penalties
• You can choose to pay a deposit to reduce the size of the loan
• CHP monthly repayments are fixed for the term of the Contract
• You can claim the interest and depreciation as a tax deduction over the loan term.
• You can opt for a residual balloon to reduce the monthly repayments or the loan can be fully amortised.
• Residuals and Balloons can be structured to reduce your repayments
• Deposits and or trade-ins can be used to reduce the loan amount
• The GST inclusive amount is financed