Finance Lease

Flexible Finance Lease arrangements for Perth companies expanding their plant

If your business needs cars, trucks, machinery or plant you may consider a Finance Lease, otherwise known as a capital lease.

A Finance Lease is a formal lease agreement where a finance company purchases the equipment you need, and then leases it to you in exchange for rental payments or installments - with the option of purchasing the asset at the end of the agreed lease period.

What is the lease agreement?

The lease agreement sets out the:

• Value of the goods
• Duration of the lease
• Monthly rental
• Depreciation rate
  

What happens when the lease ends?

When your Finance Lease expires you may return the vehicles to the finance company or take up an offer the buy the equipment.

What are the benefits of a Perth Finance Lease?

• Get the vehicles you need without capital outlay.
• Flexible payment and length of the agreement terms  - from one to five years.
• Seasonal payments available to suit your cash flow.
• Negotiate a balloon payment at the end of the term to reduce ongoing repayments.
• Rental payments are fully tax deductible if the equipment is used solely for earning assessable income.
• Vehicles being purchased under the Finance Lease are usually used as security for the finance, allowing you to free your other business assets.

To find out more about purchasing vehicles under a Finance Lease or other types of business vehicle finance including Hire Purchase, Chattel Mortgage or Novated Lease fill in the online form or phone 08 9317 1900.