Buying a business vehicle and need finance? Use this calculator to estimate your monthly hire purchase payments.
In most cases we fund the car by way of a good, old-fashioned hire purchase over 3-5 years.
We offer a range of competitive hire purchase options including structured payments to suit your cash flow, so if the calculator’s monthly payments don’t look manageable give us a call and we’ll sort out a plan that will work.
Here are some of the options we can discuss with you…
- Many of our customers choose to put the up-front GST refund on the full purchase price straight back in to reduce their monthly payments.
- Another popular way to reduce your monthly payments is to include a balloon payment at the end. This usually equals the likely resale value at the end of the term.
- Payments are not tax deductible but you can claim annual depreciation and the interest costs are tax deductible too.
Play around with the calculator and then phone us on 0800 275-374 if you’d like more clarity on the various ways you can finance yourself into a new vehicle.