12 02 2010
INSTALMENT SALE
An instalment sale means you purchase the item by paying instalments over an agreed period. Once you have paid the full amount, ownership passes to you automatically.
· Periods range from 6 to 72 months for business use (6 to 54 months for private use).
· Interest is calculated at either fixed or prime-linked rates.
· The minimum deposit is 10% if the asset is for private use.
· The goods must be fully insured during the agreement.
Benefits include:
The benefits of choosing a Instalment Sale agreement are:
· ownership of the goods when you have paid the full amount.
· Since the asset is used for business purposes, you can claim depreciation and the yearly interest paid against tax.
· You enjoy the benefit of any resale value.
· Deposits are payable depending upon current legislation.
Optional Features
You may want to consider taking one of these options with your finance package:
· Financial Shock Absorber
· Take-A-Break Payment
You should carefully consider the benefits of the following insurance/warranty options:
· Assetsure
· Motor Comprehensive Insurance
· Cover Plus
· Customer Protection Plan
· Vehicle Warranty
Suited To
This type of agreement will suit business-owners (or private individuals) who want to own the asset at the end of the agreement