Commercial Hire Purchase
Flexible Asset Finance for Australian Businesses
A Commercial Hire Purchase (CHP) is a popular and structured financing solution that allows Australian businesses to acquire vehicles, machinery, or equipment without the need for a large upfront payment. Unlike a traditional loan, a CHP enables businesses to use the asset while making fixed repayments over an agreed term. However, ownership of the asset remains with the lender until the final payment is made.
How a Commercial Hire Purchase Works
When you choose an IFG Commercial Hire Purchase agreement, we purchase the asset on your behalf and provide you with full possession and usage rights under a hire agreement. You make regular repayments over a fixed term, and at the end of the contract, you may have the option to take full ownership of the asset.
Key Benefits of a Commercial Hire Purchase
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Fixed Monthly Repayments
Predictable and structured payments for easier budgeting.
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Immediate Access to the Asset
Use the vehicle or equipment while spreading the cost over time.
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Tax Benefits
Interest and depreciation may be tax-deductible for eligible businesses.
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Ownership Option
Once the final payment is made, ownership can transfer to you.
Who Can Benefit from a Commercial Hire Purchase?
- Australian businesses looking to finance company vehicles, equipment, or machinery
- Small businesses and sole traders needing affordable asset financing
- Transport, logistics, and fleet managers upgrading vehicles and commercial fleets
- Construction and trade professionals requiring work tools and machinery
At IFG, we offer flexible commercial finance solutions in Australia with competitive rates, tailored loan terms, and expert financial guidance. Whether you’re looking to finance a business vehicle, truck, or equipment, we ensure a smooth and hassle-free process.
Get Started
Looking for the best Commercial Hire Purchase in Australia? Contact IFG for a free consultation and let’s find the right financing solution for your business needs.