A fixed-rate, fixed-term agreement where you hire the asset and own it outright at the end. Simple structure, predictable repayments, and full ownership when the term is up.
All fields required, a Ventas partner will be in touch.
Nhill operators know that the right equipment at the right time can define a season or a year. We move fast and make sure finance isn't the bottleneck.
For the national picture, see our complete guide to commercial hire purchase, including typical rates and approval criteria.
Seasonal cashflow shapes everything for agricultural businesses. Repayment structures that align with harvest cycles make a real difference.
We deal directly with lenders, no aggregators, no extra margin. Every application goes to the lenders most likely to approve it at the best rate for your deal.
Under a commercial hire purchase the lender buys the asset and hires it to you for a fixed term. You make fixed repayments, and ownership transfers to you automatically with the final payment. In day-to-day use the asset is yours; the difference from a chattel mortgage is that the lender holds title until the end of the term rather than a security interest over an asset you own.
Terms and structure mirror other asset finance: typically two to seven years, fixed rate, optional balloon to reduce the monthly commitment, deposit or full-invoice funding, new and used assets both accepted.
Pricing follows security, not the label on the contract. Property-backed borrowers generally see roughly 6% to 9% p.a. and non-property-backed deals 9% to 13% p.a., and a hire purchase prices the same way a chattel mortgage does for the same borrower.
Choosing between hire purchase and chattel mortgage rarely changes what you pay each month. It changes how the asset and the finance sit in your accounts and how GST is treated, which is a question for your accountant. We arrange both, so the structure can follow the advice rather than the other way around.
Ventas arranges commercial hire purchase for Nhill businesses across a panel of lenders, with approvals typically inside 24 to 48 hours. Put the asset and amount in the form above and we will price both structures for you.
Nhill businesses use commercial hire purchase to fund all kinds of assets. Below are the most common, if yours isn't listed, get in touch. We've probably funded it before.
Fill in the form above and a Ventas partner will come back to you directly. We'll understand your deal, go to our lender panel, and come back with the best available option. If you proceed, we handle everything through to settlement, no cost to you. We're paid by the lender when your loan settles.
Commercial Hire Purchase in Nhill doesn't need to be complicated. Most of our Nhill clients have an approval in 48 hours and settle within the week.