Different Types of Equipment Finance you can Get
When you hear about vehicle and equipment finance in Brisbane , you might think about getting money for vehicle and equipment. Actually, you are right! Equipment finance is a type of business financing where certain companies get a significant capital to purchase or lease equipment. Talking about equipment, it applies to office necessities like computers, desk, and servers as well as heavy equipment such as tractors, delivery trucks, and more. This equipment allows businesses to use these physical assets for their operations without paying up for the full up-front price. But before you apply for the equipment finance, you need to know the different types of finance available. Here is the list of some equipment finance that you can opt for: Commercial hire purchase (CHP) The lender agrees to purchase the property needed by the business in CHP or commercial hire purchase. Moreover, he/she will let the business hire the equipment for a fixed monthly repayment over a specific period of t