PRODUCTS
• Operating Lease / Rental• Finance Lease• Novated Lease
• Asset ( Hire) Purchase• Chattel Mortgage• Commercial Loan
Asset (Hire) Purchase
An Asset Purchase is a facility where the client obtains the goods by hiring them over the repayment term with a transfer of title to the customer on payment of the last rental. In most instances an Asset Purchase can be 100% financed (including gst) or with an optional deposit. Repayments can be structured and can be payable in advance or arrears. Asset Purchase differs to Finance Leasing as the Hirer gains equity in the asset over the term of the agreement.
Balloon Payments are structured rentals to meet the cash flow and taxation position of the hirer. Balloon payments can be made anywhere in the repayment schedule, normally upfront or at the end of term.
The benefits:
• No Capital Outlay. Asset Purchase allows you to obtain the equipment now without using working capital.
• Payment Terms. Rentals structures include monthly, quarterly, semi-annually, annually, in advance and arrears to meet your cash flow preferences.
• Low Cost. Ozwide finance facilities are provided at credit-for-risk basis. This provides low cost of funds and a cost effective method of acquiring equipment.
• Ownership. Asset Purchase provides the Hirer total ownership of the asset.
• Total Solution. Bundle other costs in with hardware including services, installation & software into your Asset Purchase agreement.