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Hire Purchase

A Hire Purchase is commonly used by businesses in order to own a car or expensive equipment. Hire Purchases may be preferred over a lease as ownership of the car or equipment is automatically transferred to the buyer at the end of the term.

A down payment or equity is usually required. However, there are cases whereby the car or equipment is financed 100%. This depends on the situation and the lender. Talk with one of our finance brokers to assess your situation.

Benefits:

  • As low as 10% equity. (100% financing option is also available)
  • Fixed/Low interest rate options.
  • Flexible payment terms.
  • Tax and GST Benefits.
  • Available on equipment, or new and used car purchases.

Why choose 1800 Approved?

  • We coordinate everything from loan application to approval.
  • Finance experts ready to help you anytime.
  • Expert advice in choosing the best deal from our panel of over 40 lenders.
  • Fast and easy loan application process.
  • High approval rating.
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