Hire Purchase

If you’re looking to upgrade your work van or ute, starting  new business venture or perhaps you need a fleet of cars for your business but don’t have current financials, we can help with an iCREDIT Commercial Hire Purchase Loan. 

iCREDIT provides Hire Purchase car finance Australia wide through leading banks and commercial financiers that cater specifically for ABN holders. Our National buying power and panel of lenders allows us to find and compare  competitive low rate car loans and finance for ABN holders allowing you to take advantage of running costs and business tax deductions. Using your vehicle as security for the loan means you can gain a lower interest rate.

 Having a choice of lenders and specific Hire Purchase loan products to choose from allows us to personalise a suitable loan to meet your budget and business usage needs.


Benefits of an iCREDIT Hire Purchase

A Commercial Hire Purchase, Hire Purchase or Offer To Hire is a finance product where the lender purchases the goods, then hires the goods back to the customer over a contracted term.  The goods are owned by the lender and the customer has full use of the goods. At the end of the loan term once the hire purchase has been repaid the customer takes ownership of the goods.

No Deposit Finance /  You Choose!

You can borrow 100% against the vehicle and by comparing and choosing from Australia’s leading banks and financiers. Our industry trained finance consultants can help you find the best loan suitable to your budget and business usage needs.

Fast, Flexible, Easy / Low Rates

Our online car loan application is a simple and hassle free process to get your application moving. We have a wide range of lenders and loan products that may be suitable to your business structure and with National buying power and access to one of the largest panel of lenders in Australia, our job is to compare and negotiate the very best interest rate car loans suited to your profile, usage and budget.

Residual Payment / Flexible Contracts

You can structure your Hire Purchase with a residual or balloon payment. This can mean lower monthly instalments throughout the loan with a lump sum payment as a final instalment. Contract terms can vary between 12mths to 60mths depending on your budget.   

Taxation Benefits

Tax advantages – generally, the interest and depreciation should be tax deductible. Please speak with you independent advisor regarding your situation.




 When applying for a Hire Purchase it’s best to talk to a professional finance broker about your loan requirements as there are tax benefits associated with business loans. It is important to ensure you receive the right loan product that’s suitable for your business needs.




Contact the team at iCredit on 1300 350 118 if you have further questions about Lo Doc Loans or take a few minutes to Apply Online.


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