Car & Equipment
Finance Options
Absolute Financial Services provides car & equipment finance
for commercial & personal clients & transaction.
The different products available in the market are :
Finance Lease
A Finance Lease is a finance product whereby the
client rents the asset of the financier while the financier
retains the ownership of the asset.
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Commercial Hire Purchase (CHP)
A Commercial Hire Purchase (CHP) is a where the client hires
the asset off the financier under a loan contract. The
financier is the owner of the asset.
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Chattel Mortgage
A Chattel Mortgage is a finance product where the client
retains the ownership of the asset and the financier takes a
mortgage of a lien over the assets.
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Novated
Lease
Novated Lease is a lease between the financier and an
individual employee. The employee and their employer then
enter into an agreement called the Deed of Novation.
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Car Loan
A Car Loan is a finance product where the financier lends
the client the money to purchase a car and this loan is then
secured against the car.
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Personal Loan
A Personal Loan is a finance product where the financier
lends the money to the client but may not secure it against
a tangible asset.
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