Also known as Hire Purchase
Ideal for customers buying equipment for the business and who want full ownership at the end of the finance period.
You can:
- Increase equity in the goods with each instalment
- Competitive fixed interest rate
- Repayments to suit your cash flow
| Feature |
Description |
| 100% Finance |
Choose between depositing funds to help reduce the overall debt or ask us to finance 100% of the purchase price of the goods. |
| Flexible Term |
1 to 5 years terms available. |
| Balloon |
A lump sum payment due at the end of the agreement. It helps to reduce repayment amounts during the loan. |
| Instalments |
With each instalment you gain equity in the goods. |
| Security |
Security is usually taken over the equipment that is financed. Your property is free for other lending. We might ask for additional security. |
Fees
| Item |
Description |
| Establishment Fee |
$300.00 (minimum). |
| Other fees and charges |
Other fees and government charges associated with each Asset Purchase will vary depending on the state you are in, the vendor of the goods being purchased, the amount of finance involved, and any Federal government charges. Please contact your Equipment Finance Specialist on 1300 65 11 25 for more information. |
| GST |
GST does not apply to the repayment amount, however GST does apply to some government charges that are included in your repayment. GST may also be included in the purchase price of the goods. Refer to your accountant for more information. |
Important Information
Equipment Finance products are offered by Suncorp Metway Advances Corporation Pty Ltd ABN 89 100 845 127. The above information is for approved applicants only and subject to terms and conditions.
This is not business, financial, legal or taxation (including GST) advice. Get independent advice on how the Asset Purchase might impact your business, financial, legal or taxation position.
