This Commercial Hire Purchase solution will suit businesses that see benefit in gaining automatic ownership of the goods when the final payment is made.

Finance Lease

A Finance Lease or Car Lease is an arrangement between the finance company (the lessor) and the client (the lessee); whereby the finance company agree to rent a particular piece of equipment over generally a set term with a predetermined residual value. The lessor obtains legal ownership of the car to be leased, by paying the amount as advised on the (vendor's) supplier's invoice. The lessee then has the use of the car and pays rent for that use for the term of the car lease contract. During the term of the finance car lease agreement, the lessee merely pays rent and does not obtain ownership or equity in the car they are leasing. Under a car lease agreement, the Lessee is responsible for maintenance and running costs, car insurance and registration fees for the leased item.

Equipment Loans

As your business grows, so do the number of decisions you have to make regarding finance and equipment. Decisions like whether to buy assets straight out, organise a loan, take out a lease or utilise a hire purchase option.

What's best for your business will depend on your circumstances at the time. So what you need most is experienced, objective advice to assist in making decisions about your business capital needs. And that's where Finance Victoria can help. A member of our highly experienced team can discuss and assess your requirements - then make a prompt recommendation on a course of action. You'll find that we're competitive, flexible and able to offer you a choice of terms and finance options.