Asset purchase is ideal when financing Motor Vehicles, Business Plant & Equipment, Luxury Assets as well as all of forms of Office Equipment.
The contract is a legally binding agreement between the financier and the hirer (you) where the amount repayable is calculated over a fixed term and fixed rate with the option of a balloon payment.
An Asset purchase agreement will normally run the full term otherwise penalties may be incurred if it is terminated early. When you wish to own the asset from the outset, this type of purchasing finance is an alternative to leasing. A typical Asset Purchase structure has a term of two to five years with payments made monthly, although other options are available.
You have a choice of a balloon payment depending on usage and depreciation of the goods. GST is usually financed over the term of an Asset Purchase agreement; however, it is not uncommon to pay the GST up front in order to claim it immediately.
Adelaide
1800-633-745 