Available to both company and individuals, providing the goods (motor vehicles, plant machinery and equipment) are to be used predominantly for business purposes.

• Hire Purchase - the goods become yours once all terms of the agreement have been completed. For tax purposes, depreciation and interest paid can be claimed against your business income.
• Finance Lease - the goods are owned by the finance company. For tax purposes the lease rentals can be claimed against your business income.
• Chattel Mortgage - essentially a charge over the goods to be financed. Allows businesses who operate under a "cash accounting" basis to claim the full GST at their next quarter's BAS.

For more information please contact our office.

Back to Commercial Loans