Commercial Hire Purchase

Commercial Hire Purchase (CHP) is a commercial finance product where the customer hires the vehicle from the financier for a fixed monthly repayment over a set period of time.

The product is designed to allow customers to save their capital and use it for other investments or lifestyle choices.

Whether you are purchasing a new or a used vehicle, CHP provides you with financial benefits. If you use your vehicle for business purposes, interest charges and depreciation on the vehicle may be tax-deductable.

Commercial Hire Purchase can provide you with;

• Flexible contract terms ranging from 24 to 60 months
• Balloon or final instalment can be structured in the contract
• Fixed interest rates
• Fixed monthly repayments
• Costs known in advance
• A tax deduction when the vehicle is used for business purposes
• No penalties - the core of our motor vehicle finance products