Commercial Hire Purchase – A flexible,
cost effective path to ownership.
Essentially CHP is a contract where you get the ability to possess and use the vehicle in return for regular payments and can own it at the end of this time. BusinessChoice is a total CHP package that includes every aspect of the running of the vehicle. This has advantages for both businesses and employees who opt for a vehicle allowance and as such is a popular alternative to leasing.
These advantages include:
For businesses
- Savings on administration. We handle every aspect of the acquisition, running and disposal of the vehicle including paperwork and fuel. This eliminates the need for record keeping and allows easy reconciliation of costs with budget.
- Since the purchase of the car is a commercial transaction GST can be claimed back as an input tax credit.
- If GST is paid up front and you account on an accrual basis you can claim this in one hit. If you run your accounts on a cash basis then you can claim this progresively.
- Easy control of vehicle budgets.
For employees
- Our intimate knowledge of the automotive industry will help you in finding the right vehicle and making the right choice.
- You can select the contract term to suit you from 24 to 60 months.
- You can set a monthly repayment you are comfortable with because you set the level of the final balloon payment.
- Costs are known in advance and fixed repayments make budgeting easier.
- The interest component of payments is tax deductible.
- When you pay the final balloon payment you can own the car.
- Because it is a total vehicle operating package and supplies all costs on one statement you will save money with your accountant and they will love its convenience.
By selecting BusinessChoice you are guaranteed the best possible price for the vehicle of your choice. Our intimate knowledge of the automotive industry also ensures your investment is sound with the latest advice on market trends, residual settings and manufacturing cycles.
We give you:
- Personalised advisors. No call centre.
- A thorough explanation of all the options and their implications.
- A clear understanding of all rights and responsibilities.
- Independent advice. We receive NO COMMISSIONS FROM DEALERS.
- A complete one stop service from recommendation of car type to delivery and legal documents.
As vehicle leasing specialists we can give you the car choice that is right for your business and steer you away from traps that others may miss.
We will save you time, save you money and enable you to concentrate on your core business confident that you have made the right choice.
Call 1300 303 357 to talk to an advisor or email info@dpoa.com.au
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