Commercial Hire Purchase
Here at Get That Truck Loan we can offer you a Commercial Hire Purchase (CHP), which is is a commercial finance product where the customer hires the Vehicle from the financier for a fixed monthly repayment over a set period of time. Under a commercial Hire Purchase arrangement the financier agrees to buy the truck on behalf of the client, and then hire it back to them over a set period of time.
The customer has the use of the Vehicle for the term of the contract but it is not the owner of the vehicle. At the end of the contract, when the total price of the truck and the interest charges have been paid in full, the client takes ownership of their truck.
Call and speak to one of our friendly Get That Truck Loan Specialist and let them help you find the right loan for you.