A maintained operating lease is an agreement between you and the financier to rent vehicles for use in your business over a fixed period of time. It's a cost-effective finance option if you have two or more passenger and/or light commercial vehicles because you're not exposed to fluctuating used car values and the hassle of managing a fleet of vehicles.

The rental includes a fixed fee to cover your vehicle management, such as maintenance, registration, renewal, tyres etc. At the end of the term, you simply return the vehicles to the financier who bears the residual value risk (subject to return conditions).

• You can access the latest vehicles without the risks associated with ownership.

• If you use the vehicle to generate assessable income, you may claim the rentals as a tax deduction.

• Lease rentals and related charges are subject to GST but you may be able to claim a GST credit if your business is registered for GST.
  

• With 100% finance, your working capital is preserved (there may be a residual value payable at the termination of the lease).