Commercial Hire Process

Commercial Hire Purchase

A Commercial Hire Purchase is a legal obligation between the finance provider and the hirer (the client) where the amount repayable is calculated on a fixed term and fixed rate with the option of a balloon payment.

The basic premise is that the full term must run otherwise penalties may be incurred. When you wish to own the asset from the outset, this type of purchasing finance is an alternative to leasing. A typical Commercial Hire Purchase structure has a term of 2-5 years with payments made monthly although other options are available.

You have a choice of a balloon payment depending on usage and depreciation of goods. With a Commercial Hire Purchase the GST can be financed over the term or paid up front.
This facility is ideal when financing Motor Vehicles, Medical Equipment, Luxury Boats and Office Equipment.

What application information is required?
Please submit a BUSINESS or INDIVIDUAL application form and relevant financial information.

[Print out business application form for fax]
[Print out personal application form for fax]

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Disclaimer: Multilease has made every effort to ensure that the material contained on this page is factually correct as at 26th March 2010. However, Multilease does not purport to provide taxation or legal advice and recommends that you consult your financial or taxation adviser for specific advice suited to your own circumstances. Multilease shall not be liable for loss or damage sustained by person acting in reliance of this material.