Replacement shopfittings usually include items such as shelving, lighting, lotto counters, sineage,carpet, tiles and so on. Often there is a contribution to the cost from a card company. The resulting amount can be financed to assist in preserving the business cashflow.
Fixtures and fittings are usually financed on Commercial Hire Purchase or a Chattel Mortgage basis and, depending on the amount financed, fully paid off over a 3, 4 or 5 year term. Lenders are not keen to have amounts owing at the end of the term and these assets are not suited to leasing finance due to the low depreciation rates which result in a high residual value remaining at the end of the term.
Due to interest rate considerations, we do not offer finance for amounts under $10,000 as the interest rates are prohibitive.
Repayment Calculator
Repayment quotes are based on Commercial Hire Purchase and Chattel Mortgage with the amount financed being fully paid off over the term of the contract.
-
The above repayments are quoted monthly in advance i.e. the first payment being payable on settlement.
-
Quoted repayments do not include stamp duty which can vary from state to state
-
With Commercial Hire Purchase finance, there is a once only $110.00 document fee which is payable with the first rental.
-
With Chattel Mortgage finance there is a $350 document fee which can be paid with the first rental or financed with the Fixtures & Fittings.
|
|
