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. Upon receipt of the final
payment ownership of the goods automatically transfers to the
client. The interest rate, term & payment are fixed for the
life of the contract. The client can claim the interest paid &
depreciation on the asset.
Want to know more?
Call us on (03) 9888 9292 and we will be happy to discuss your options with you.