Hire
Purchase
A Hire Purchase Agreement involves a Financier purchasing the goods,
which is then hired to the customer for an agreed period of time at
an agreed rental. At the end of the contact, after the final payment
has been ownership of the goods passes to the customer.
Leasing
A Lease Agreement involves Financier (Lessor) providing 100% finance
to purchase equipment for use by business and then leases that equipment
to the business operator (Lessee). The Lessee pays regular lease rentals
and guarantees that the Lessor receives a lump sum (residual value)
on the sale of the equipment at the end of the lease period. For taxation
reasons, the lease cannot include an option to purchase the equipment
from the Lessor, normal practice in Australia is that the Lessee is
allowed to purchase the equipment for the residual value at the end
of the lease.
Rental
Equipment rental involves a financier purchasing equipment for use
by business and then renting that equipment to the business operator
for an agreed term and agreed rent. At the expiration of the rental
agreement, the equipment is either returned to the rental company,
traded up to new equipment, purchased at market value or the agreement
is extended at a reduced rental. Rental agreements give business the
option to upgrade their equipment to the latest technology before
the end of rental period and are ideal for equipment that is easily
superseded and depreciates quickly.
Primary Finance can arrange Hire Purchase, Leasing & Equipment
Rentals for the purchase of a broad range of items such as:
* Motor Vehicles
* Trucks
* Plant & Equipment
* Computers
* Office Equipment & Fitout
* Boats
* Sale & Lease back of freehold equipment
* Most depreciable business assets
Competitive Quotes from a range of Financiers with loan terms and
residual (Balloon) values negotiable to suit borrowers cash flow requirements.
Click
on Bank to obtain detailed loan product information:
AGC
, Alliance , Bankwest
, Commonwealth
, Easy
Rent , Elderslie , Esanda
, IPF , NAB
, Orix , RAC
, Rentforce , SANWA
|
