Sale Hire Back

A sale, hire or lease back is a form of financing where equipment is sold to a lender who then enters into a leasing contract with the customer.

A sale hire back can be used by a business or individual who has purchased plant or equipment, either in part or full.The funds can come in the form of either a Commercial Hire Purchase, Chattel mortgage or lease.

Most lenders have a time limit on how long you can own the items until you can no longer borrow the full amount you had originally paid due to depreciation. Generally speaking, financing options are still available for equipment owned longer than 3-6 months, however, the loan is usually subject to more stringent conditions.

The key benefits of Sale, Hire or Lease back include:
  • Generates cash flow which can be invested back into the business
  • Allows for quick payment of forced settlements 

Feel free to call us today on 1300 930 106. Alternatively, you can find more information here

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