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.
