No. Jade Car Loans arranges Commercial Hire Purchase vehicle finance at a fixed interest rate. The interest rate is negotiated individually for each customer. We source the cheapest rate that suits your requirements from across our large lender panel.
The rate is fixed at that amount for the entire term of the CHP agreement. The fixed rate then determines the fixed repayments to provide certainty in planning cash flow. The fixed interest rate applies to the repayments and to any balloon amount that you have chosen to include in your loan.
As a fixed rate, the interest payable will not vary with fluctuations in official interest rates as determined by the RBA.