Advantages of Finance Leases
By choosing a Finance Lease the finance company will purchase the goods on your behalf, giving you a low fixed monthly Instalment over a fixed period with a residual value at the end of term.
When choosing a residual value, it must adhere to ATO guidelines. The higher the value of the residual, the lower monthly Instalments.
The benefits of a Finance Lease include:
- Payments are 100% tax deductible if the equipment is used for business purposes.
- You have the flexibility to easily upgrade the equipment when required to ensure that your business has the right tools required for success.
- At the End of Term you make an offer to purchase the goods from the Financier at the Residual Value.
* The above should only be used as a guide, please contact your Accountant or Financial Adviser for more information.