At United we can structure a competitive lease or hire purchase agreement just for you. As time is money, we work quickly to get the finance in place so you can get working.
Choose from the following four finance products:
Operating Lease / Rental
An operating lease is an agreement between you and the Bank to rent equipment for use in your business for a fixed period. It can be an efficient and cost-effective financing strategy if you are continually upgrading your vehicles and equipment, or if you want to rent rather than own your asset.
At the end of the lease period, you simply return the equipment to the Bank (subject to return conditions), without the liability of a residual value.
Hire Purchase
Hire Purchase is an agreement to purchase equipment subject to payment terms. During the term, the financier owns the vehicle or equipment, and when the customer makes the final payment ownership is automatically transferred. The main difference between Hire Purchase and leasing is that you gain equity in the asset with each monthly rental payment.
Chattel Mortgage
A chattel mortgage is simply a loan of money where the funder takes a lien by way of Bill of Sale over an asset. The difference between this product, Commercial Hire Purchase and Leasing is that the customer owns the equipment from day one.
Finance Lease
A finance lease provides 100% finance to acquire assets for use in your business. Finance lease is an agreement where the Bank owns the asset and you then lease it for an agreed term and rental amount.
For more information specific to your needs enquire now to talk to our finance specialist.
Finance provided by Finance Exchange Australia Pty Ltd. ABN 37 103 006 346. Aust. Credit Lic No. 364764.