Nimik Finance - Commercial Hire Purchase (CHP)

A Hire Purchase Agreement

car finance, financing, chattel mortgage, car lease, car leases, cars, financing, commercial hire purchase,car, carsCommercial Hire Purchase is simply a Hire Purchase agreement structured for commercial purposes.

Commercial Hire Purchase can be structured over a term of 24 months to 60 months with or without a “balloon payment”. The inclusion of a “balloon payment” at the end of the term has the effect of reducing monthly payments.

For taxation purposes under a Commercial Hire Purchase the hirer (borrower) may claim Interest and Depreciation up to the Depreciation Limit of $57,180. Borrowers are advised to obtain accountant’s advice in relation to tax benefits.

Nimik can offer Commercial Hire Purchase with

  • No Establishment Fee*
  • No Early Payout Penalty*

*(to approved applicants)

If you would like one of our experienced consultants to prepare a tailored finance package, please fill out our finance enquiry form, or give us a call on 03 9596 8777.