Navigate Your Business Journey with Caravan Commercial Hire Purchase
Discover the benefits of a Commercial Hire Purchase (CHP) for caravans, RVs, motorhomes and camper trailers, an ideal financial solution for businesses looking to expand their operations without the upfront costs of outright ownership.
Understanding Commercial Hire Purchase
A Commercial Hire Purchase agreement is a convenient way for businesses to acquire caravans. In this arrangement, the financier purchases the caravan on behalf of your business. You then make fixed monthly payments to hire the caravan over a set term. Although the financier retains ownership during the term, your business enjoys full use of the caravan. At the end of the term, following the payment of the total price (minus any residual) and interest charges, your business gains full ownership.
Why Choose Commercial Hire Purchase for Your Caravan?
- Competitive Interest Rates: We specialize in securing the most competitive rates in the market. Our expertise in negotiating with a wide range of lenders ensures that your business benefits from low-interest rates.
- Expert Financial Solutions: As specialists in leisure vehicle finance, we offer tailored solutions that best fit your business needs. We understand that not all lenders offer specific caravan finance products; our specialization allows us to tap into those that do, ensuring better rates and terms for your business.
- Flexible and Tailored Finance: Our CHP agreements are designed to suit a variety of business needs, whether you operate a campervan rental, a motorhome hire company, or need caravans for worker accommodation. We can structure finance for new or used caravans, from dealers, private sellers, or auctions.
- Tax and Cash Flow Advantages: CHP agreements are structured to align with your business’s accounting methods, whether cash or accruals. Monthly payments are fixed for budgeting ease, and while they are not tax-deductible, the interest portion is. The GST on the caravan’s purchase price can be claimed in your next BAS period, and depreciation is treated according to ATO guidelines.
Securing Your Business’s Mobile Assets
Our CHP agreements ensure that while the lender owns the caravan during the term, your business benefits from its full use and is responsible for its operating costs. This arrangement offers the flexibility and financial advantages necessary for business growth and expansion.
If you are considering finance options for caravans, motorhomes, RVs and camper trailers for business use, we are here to provide an obligation-free quote tailored to your specific needs. With our Commercial Hire Purchase solutions, we’re committed to supporting your business journey every step of the way.
FAQs on Caravan Commercial Hire Purchase
Do you have a caravan commercial hire purchase loan calculator?
Yes, our caravan loan calculator is an invaluable tool for estimating your loan repayments. It helps you understand your financial obligations and compare different loan options. Remember, it’s best used for indicative purposes, and our team will work to find the best deal based on your unique circumstances.
Do you have a commercial loan that allows me to take immediate ownership of the asset?
Yes, a caravan chattel mortgage will allow you gain ownership of the caravan at the time of purchase, making it a popular choice for businesses and individuals seeking flexibility and affordability. See our caravan chattel mortgage page for more information.
Who is eligible for caravan commercial hire purchase?
Caravan commercial hire purchases are available to all business types, sole trader, partnership, company or trust operating and trading in Australia.
What is the repayment cycle for a caravan commercial hire purchase?
Repayment cycles are fixed monthly and can be tailored to suit your businesses cashflow.
What is the loan term for a caravan commercial hire purchase?
Loan terms typically range from one to five years, and can include a residual or balloon payment. Repayments are tailored to suit the terms of your loan.
Why should I go with Credit One?
Credit One is Australia’s leading financier for Caravans, RVs, Motorhomes and camper trailers. We offer access to some of Australia’s top lenders, providing low-interest rates and an unmatched service guarantee. Our close work with leading Caravan brands ensures that you receive the best finance options available.
