ContractFinance Lease • June 11th, 2014
Contract Type FiledJune 11th, 2014Product Finance Lease Commercial Hire Purchase Commercial Loan Equipment Rental (Operating Lease) Description Westpac purchase the asset at thecustomer’s request and rent it to them for an agreed period. They then enjoy the use of the vehicle or equipment for an agreed time in return for rental payments. Available for businesses to finance the full value of eligible new or used assets such as motor vehicles and business equipment. The hire purchase agreement is an agreement to purchase goods over an agreed time. Under the contract Westpac (the "owner") gives the "hirer" (our customer) possession and use of an asset in return for regular payments. When the final payment is made title passes to the "hirer". Available for businesses to finance the full or partial value of eligible new or used assets such as motor vehicles and business equipment. A Commercial Loan is a fixed rate loan where the customer owns the goods and gives Westpac a goods security over the asset Available for busine