Modern
Solutions
Sometimes referred to as Conditional Purchase, this is a well known type
of agreement that is simple and easy to put in place. It utilises the asset
you are purchasing as the only item of security. A deposit may be required
and sometimes balloon payments at the end of the loan can be negotiated.
Terms of up to 60 months are typical and title to the asset will pass to the
purchaser on completion of the loan.
The asset and loan are on balance sheet with interest and depreciation fully
deductible for businesses in most cases.
Email us at talktocrediflex@crediflex.co.nz
or call us on 09 445 0002 to find out more.
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