Equipment Finance
CredSol can provide you with the perfect solution for your equipment finance needs. Our team exactly knows how to cater your need and provide you with a solution that helps you to grow competitively.
We are providing herewith the options along with their structure and relevant merits when considering a purchase of an asset through finance.
| HIRE PURCHASE - OR CONDITIONAL PURCHASE AGREEMENT | |
| Structure | Merits |
| Financing of a new Vehicle/Truck/asset | Allows business to use cash productively |
| Terms from 3 to 7 years | Allows company to maintain existing credit lines |
| Security is the asset being acquired | Builds equity in the asset |
| Fixed interest rate | |
| FINANCE LEASE OR LEASE TO OWN | |
| Structure | Merits |
| Terms from 3 to 7 years | Residual value can more genuinely reflect assets life |
| Security is solely against the asset being leased | No unexpected GST payment |
| Residual values available to reduce monthly payments | GST efficient |
| GST neutral – paid and claimed monthly | |
