A hire purchase agreement is suitable for business, partnerships and sole traders who are registered for GST on an accruals basis. You can claim the GST of the vehicle’s purchase price as a lump sum on your next Business Activity Statement (BAS) cycle.
There is no minimum or maximum number of vehicles required for a hire purchase agreement. This will depend on your business’s financial position.
You have the freedom to choose any vehicle within your budget. You can choose a new or used car as long as the vehicle is less than 8 years old at the end of the agreement.
Yes, you can trade-in your existing vehicle to build equity on a new car that you wish hire from Fleetcare.
If you have a car in mind, Fleetcare can source the vehicle on your behalf. Our purchasing power means impressive price reductions which are passed on to you.
A hire purchase term can range anywhere between 1 to 5 years. A minimum 3 year term agreement is recommended to ensure you maximise the asset warranty and end of term value.
Fleetcare will negotiate the cheapest quote on any vehicle accessories and add-ons you require. These costs will be bundled into your repayments and we can arrange fit out prior to delivery.
If you’re looking to protect your vehicle even more, we offer a range of additional vehicle protection options designed to enhance the safety and enjoyment of your vehicle. For a full list of options, click here.
Once you’ve made the final payment of the hire purchase arrangement, you’ll receive full ownership of the vehicle.