There are a range of finance options available to assist with the acquisition of assets such as motor vehicles, trucks, earth moving equipment, plant and machinery, and IT equipment. These options are designed to assist the client with both cashflow and taxation management.

Generally this type of finance is widely used but often not understood properly by the client. At Micho Financial we will take the time to explain all of your options and with access to Australia's premiun equipment and vehicle financiers we can guarantee constant access to competitive interest rates. We generally prepare documentaion in-house saving the client both time and expense.

Some of the options available are outlined below:

Commercial Hire Purchase (CHP) / Asset Purchase

• Term is usually up to 60 months but can be increased for larger acquisitions
• Payment and terms can be structured to match revenue periods for seasonal businesses
• Can be structured with or without a final balloon payment
• Only the interest component of the repayment is tax deductible (clients should seek independent tax advice)
• Depreciation is claimable by the borrower (clients should seek independent tax advice)
• Subject to qualification the GST component of the purchase price may be claimable as an input tax credit next BAS for companies that complete their BAS on an accrual basis