Commercial Hire Purchase

A commercial hire purchase is a premier option for business who wants the flexibility of regular repayments and the benefits of truck ownership. A hire purchase gives companies and businesses the option to purchase a truck, crane, bus, forklift, prime mover or tanker without having to expose their own capital in the transaction. This means your business won’t have to use its own cash or credit to gain possession and use of a truck, crane or forklift.

A hire purchase means your lender or broker buys a truck on your behalf, which you “hire” from them over the term of the loan. The truck is “hired” by your regular (weekly, fortnightly or monthly) repayments. When you pay the loan off, the truck is yours.

Hire purchases not only keep your cash flowing, but have many other great benefits for business. If you are registered for GST, you can claim the GST paid on your truck, crane or forklift back on your BAS. You can claim other tax credits such as depreciation, interest and the fuel input tax credit.

The friendly financial professionals at Savvy can put together a hire purchase solution to suit your needs. For example, we can set regular repayments that match your business’ cash flow situation with fixed amounts so there are no surprises. You also get a fixed interest rate throughout the life of the loan. 

Why Choose Savvy?

Lowest rates on commercial hire purchase

We search for the lowest rates from over 25 of Australia’s top truck financiers so you save!

Same day approvals

Secure online applications means quick approvals – even on the same day for approved applicants!

New or used trucks

Buying new or used, we finance them all. Dealer and private sales OK!

All types of heavy vehicles

We finance all types of trucks, cranes, frannas, prime movers, forklifts and tankers!

Easy online application

It’s never been easier to apply for truck finance with Savvy!

Baloon Payment

We can also incorporate a balloon payment (or residual value payment) to offset your regular repayments with one lump sum at the end of the loan. Choose from a range of residual value percentages (dependent on age of truck or vehicle.)

No Deposit

You can choose to pay a deposit on your truck or heavy plant or apply for 100% “no money down” finance. You can even borrow more than the value of your truck to fund extras like insurance, scheduled servicing and other fees and charges such as paying for your heavy vehicle licence.

Trucks, Trailers and More

Savvy can hire purchase all kinds of trucks including box carriers, semi-trailers, flat-beds and more. We also hire purchase cranes, prime movers, heavy plant, forklifts and all types of tankers and heavy haulers. Better still, save even more with Savvy’s unbeatable deals on truck and heavy vehicle insurance!

Our truck hire purchase rates start from as low as 5.51%p.a. Want to know just how much you’ll save? Use our truck loan calculator for a general idea or get a more specific quote FREE – right here! It’ll take you minutes and could save you lots. Call one of our friendly and helpful financial professionals to take you through the details on 1300 974 066 and see how a truck hire purchase can help your business grow! Think truck hire purchases, think Savvy!