Hire Purchase

Under a Hire Purchase agreement, you can make regular installment payments for equipment over a fixed repayment term. This arrangement allows you to manage cash flow effectively, as payments are made in alignment with the productive use of the equipment. Ownership of the equipment will transfer to you upon completion of the repayment term.

Features of Hire Purchase:

• Financing of up to 90% of the asset’s value.
• Goods and Services Tax (GST) is charged upfront based on the cash price of the asset.
• Title of the asset is transferred to the hirer upon full payment.
• Applicable to most fixed assets