Finance Lease

The features of Equipment and Motor Vehicle Leasing include:

• The acquisition of new and late model goods
• Goods are owned by the financier ("Lessor") and leased to the customer ("Lessee")
• Goods must be used predominantly (more than 50%) for commercial or business purposes, and use of the goods must derive taxable income for the Lessee
• The Lessee is wholly responsible for maintaining, repairing and insuring the goods
• As the owner of the goods, depreciation on the equipment is claimed by the financier *
• As the owner of the goods, the financier also claims any Income Tax Credit for GST paid on purchase of the equipment however GST will be added to the repayments *
• Repayments can be structured as equal monthly or to suit your business cash flow or seasonal conditions
• A lease has a residual value, which is determined by Australian Taxation Office guidelines and is meant to reflect the real value of the goods at the end of the lease term. *

*Please check with your accountant or financial advisor.