Commercial Finance

One of the most important factors in making certain that your business runs in the most cost effective way, is to ensure that your working capital is used for business development and other operational necessities.

To free up working capital, businesses should consider Commercial Finance.

Commercial Finance offers very competitive interest rates with flexible repayment options, tailor made to suit your own financial situation.

Finance Lease Agreements

A Finance Lease Agreement provides you with the use of the equipment for an agreed period, generally between three and five years.

You make a series of rental payments that we can structure to suit your business cash flow.

The residual value of the equipment is agreed upon prior to commencement of the lease and is an estimate of the value of the goods at the conclusion of the agreement for which you indemnify the financier.

At the conclusion of the lease period:

  1. You may choose to re-lease the equipment for a further period. This option is usually selected where the useful life of the assets extends beyond the original lease period.
  2. The financier may consider an offer to buy the equipment for the residual value plus GST.
  3. You can upgrade your old equipment through one of the finance options. Substantial tax deductions may be available, provided the equipment is being used to generate assessable income1. Rentals are subject to Stamp Duty and GST.

Commercial Hire Purchase Agreement

A Commercial Hire Purchase Agreement provides you with immediate use of the equipment in exchange for making regular payments over an agreed term.

During the term of the agreement, the financier owns the vehicle or equipment with ownership automatically transferring to the client upon final payment. The client has the option to purchase the equipment at any time during the term of the agreement.

Payments can also be structured to accommodate your financial circumstances.

The interest component of the rentals and the depreciation on the equipment may be tax-deductible, provided the equipment is used to generate assessable income.

1 Subject to Income Tax legislation. Please seek independent financial advice.

2 Greater Building Society ABN 88 087 651 956 provides referrals for commercial finance to Centrepoint Finance Pty Ltd ABN 32 010 650, 129 in return we receive remuneration.  Terms, conditions, fees and charges apply to all loans.