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Finance Lease

This type of finance gives you 100% finance for vehicles for business use. You lease the vehicle from the financier for an agreed period of time.

 

The benefits:

 

•  With 100% finance, your working capital is preserved.

•  You can set the term with a fixed interest rate so your repayments can be planned throughout the leasing term.

•  It is possible to make an offer to acquire the vehicle at the end of the lease.

•  If you use your vehicle to generate assessable income, you may be able to claim the rental payments as a tax deduction.

 

Lease agreements are subject to GST but you may be entitled to claim a GST credit if your business is registered for GST.