Commercial Hire Purchase

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Commercial Hire Purchase

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Privacy Policy
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What is CHP?

The finance company gives you the immediate use of the vehicle or equipment of your choice in exchange for regular payments over an agreed period of time (terms range from 1-5 years). Upon making the final payment, you become the outright owner of the vehicle or equipment.

What is CHP?

The finance company gives you the immediate use of the vehicle or equipment of your choice in exchange for regular payments over an agreed period of time (terms range from 1-5 years). Upon making the final payment, you become the outright owner of the vehicle or equipment.

Major Benefits to Your Business:

Tax is reduced by claiming Interest charges and Depreciation. Fixed payments for the term of the agreement allow for more accurate budgeting and protect you against interest rate fluctuations. Payments can be structured to suit your operation’s cash flow. Your business retains its cash reserves for use in unexpected events or to earn income through investment or other business activity.

You may build up equity in your vehicle or equipment. Upon making the final payment at the end of the term, you become the outright owner of the vehicle or equipment. You can elect to make a balloon payment at the end of the period. In most cases a deposit is not required, however should you wish to make one you will benefit from either lower repayments, a shorter term or reduced interest charges. Commercial Hire Purchase does not restrict existing lines of bank credit.

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Major Benefits to Your Business:

Tax is reduced by claiming Interest charges and Depreciation. Fixed payments for the term of the agreement allow for more accurate budgeting and protect you against interest rate fluctuations. Payments can be structured to suit your operation’s cash flow. Your business retains its cash reserves for use in unexpected events or to earn income through investment or other business activity.

You may build up equity in your vehicle or equipment. Upon making the final payment at the end of the term, you become the outright owner of the vehicle or equipment. You can elect to make a balloon payment at the end of the period. In most cases a deposit is not required, however should you wish to make one you will benefit from either lower repayments, a shorter term or reduced interest charges. Commercial Hire Purchase does not restrict existing lines of bank credit.

View video to see why AGM Finance is an
Award Winning Finance Brokerage Firm.

Commercial Hire Purchase is the appropriate option for your business if the ultimate intention is to own the vehicle or equipment outright.

With access to the cheapest rates and fastest approval turnaround times we are the best in the business.

We have access to over 40 different lenders

We shop for the best rate. It’s part of our duty to ensure that you are receiving the best pricing possible.

Happy Customer Testimonials

We have access to over 40 different lenders

We shop for the best rate so you don’t have to. It’s part of our duty to ensure that you are receiving the best pricing possible.

We have access to over 40 different lenders

We shop for the best rate so you don’t have to. It’s part of our duty to ensure that you are receiving the best pricing possible.