The Term Purchase finance option is suitable for businesses who want the security of vehicle ownership after the final payment is made.
Term Purchases provide:
- A fixed interest rate for the term of the loan
- A choice of contract terms ranging from 1 - 5 years
- A balloon payment option - subject to capacity guidelines
- The ability for GST registered customers to claim part or full Income Tax Credit (ITC) for any GST on the purchase of the vehicle for use in your business
- The potential to offset depreciation, interest charges and vehicle running costs against assessable income where the vehicle is used in your business.