Hire Purchase

A Hire Purchase, also known as ‘offer to hire’, is a finance product where the lender takes ownership of the security and hires out to the customer in return for monthly repayments.

Once all payments are finalised, the ownership of the security is transferred to you, the customer.

It is one of many business finance options available and presents a great way for businesses to finance their motor vehicles or equipment, potentially providing your business with multiple tax benefits.*

Our current hire purchase car loan rates:

Eligibility Criteria
  • Dealer or private sales
  • Approvals within 2 business hours
  • Australia wide, flexible financing
  • Chattel mortgage, car lease, hire purchase
  • Finance for new our used cars, farm equipment, machinery, excavators and more
* All applications are subject to meeting lenders credit criteria. Rates effective from today and may change without notice.

Benefits of a hire purchase arrangement:

  • Access to Turn Finance’s market leading rates
  • Choose to hire from 1 to 7 years with or without a deposit
  • Choose between monthly, quarterly, half yearly, or yearly repayments.
  • Ability to claim GST for GST registered individuals or businesses
  • Other tax benefits such as claiming depreciation expenses on the asset
  • Take full ownership once all repayments have been made
* Consult with your accountant to see how you can benefit from financing your next business purchase.

Eligibility

You must be looking to borrow $10,000 or more and have an Australian registered business.

How to apply

With fast approvals and no doc options available, there has never been a better time to look at financing your next business purchase.

Call Turn Finance on the number below or choose a loan to get started.

Find out how much you can borrow*

$196.25

Get a Loan

* This loan calculator is provided for illustrative purposes only and does not constitute a quote or offer. Information provided by this calculator is based on the accuracy of information provided by you and does not take into account your personal needs and financial circumstances.