Commercial Hire Purchase (CHP) is a contract between the buyer and the financer.  At ilease we can structure the payments to suit your cash flow, and you can choose whether or not to have a balloon payment at the end of the contract. The payments are fixed until the end of the term of the contract, so you can plan ahead easily. The term can also be chosen between 1 to 5 years again allowing more flexibility to choose the repayments you like.  Depreciation and interest are also tax deductible so there are some great tax advantages. Security is usually taken over the car that is financed and the GST is claimed by the purchaser.