Car & Equipment
Absolute Financial Services provides car & equipment finance
for commercial & personal clients & transaction.
The different products available in the market are :
A Finance Lease is a finance product whereby the
client rents the asset of the financier while the financier
retains the ownership of the asset.
Commercial Hire Purchase (CHP)
A Commercial Hire Purchase (CHP) is a where the client hires
the asset off the financier under a loan contract. The
financier is the owner of the asset.
A Chattel Mortgage is a finance product where the client
retains the ownership of the asset and the financier takes a
mortgage of a lien over the assets.
Novated Lease is a lease between the financier and an
individual employee. The employee and their employer then
enter into an agreement called the Deed of Novation.
A Car Loan is a finance product where the financier lends
the client the money to purchase a car and this loan is then
secured against the car.
A Personal Loan is a finance product where the financier
lends the money to the client but may not secure it against
a tangible asset.