A finance lease provides 100% finance for the acquisition of business equipment such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment, so your day to day cash flow can be put to better use.
Under a finance lease the finance company purchases the equipment and then leases it to you for an agreed time at an agreed rental payment.
The equipment being purchased is normally sufficient security for the finance - your other business assets are not required as security.
Features of a Finance Lease:
Repayments can be tailored to suit your cash flow. You can also have a residual/balloon payment at the end of the loan to reduce the repayments throughout the term.
Loan terms of one to five years are available.
When the lease expires you can either return the equipment to the finance company who can sell it in the market place (you would need to make up the shortfall if the sale price was less than the agreed residual) or you can take up the offer that the finance company will give you to purchase the equipment.
Rental repayments are usually tax deductible if the equipment is used to generate assessable income. You should speak to your accountant for information in relation to taxation benefits.
If you would like a QUOTE or would like more information about Finance Lease options please make an online enquiry
Or call us on 1300556246 to talk directly with one of our Business Finance Consultants.
