Commercial Finance

Flexible equipment financing at competitive rates with flexible repayment terms

Commercial finance can be a fast, flexible way to get immediate use of equipment such as cars, trucks, plant or computers while conserving cash (working capital) for your business development and other business running costs.

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Commercial Hire Purchase is generally used where you want to own the equipment at the end of the term and where you account for GST on an accrual basis. Ownership automatically transfers to you upon final payment.

A Chattel Mortgage is generally used when it is important for you to own the equipment during and at the end of term and if you account for GST on a cash basis. You own the equipment at purchase and we take a charge over the equipment.

Commercial Hire Purchasing and Chattel Mortgages offer customers competitive rates, flexible terms, and a range of tax benefits

With both Commercial Hire Purchase and a Chattel Mortgage, you make fixed, regular payments over an agreed term.  At the start of the term you and the financier agree on the residual or balloon value; a payment required at the end of the term. The balloon can be zero. 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.

Leasing Finance (Rental Finance) may be useful if you are financing high depreciating equipment or equipment that becomes obsolete quickly such as computers and office equipment then may be an option. Here you use the equipment for an agreed period (generally three to five years) while making rental payments structured to suit your business cash flow. The Greater offers competitive rates and customers have the abilty to vary the term. At the end of the lease you simply return the equipment with no disposal costs. You may be able to negotiate to re-lease or purchase the equipment. You may be able to claim tax deductions on payments and stamp duty.

Applying for commercial finance is easy

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.

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