Operating Lease

Centrelease has specialised in motor vehicle leasing by offering the highest standard of help and assistance to clients for the whole term of their lease or other type of vehicle finance. Purchase of vehicles for use in business or by employees and the most efficient financing is our main concern.

We aim to get the right selection of vehicle finance type, whilst most of all ensuring clients understand what the business risks are to their business and employees. A competitive price and the right risk profile over the full finance term is what we are all about. We want clients to refer friends and colleagues and we want to continue our relationship over the years as we have always done. If this extends to other forms of business finance we are able to help there as well.

• Terms of 12-60 months
• Off-balance sheet finance arrangement
• Rentals are tax deductible
• Ability to upgrade goods at contract expiry and generally renegotiate terms
• Options include purchase, re-rent, return of goods
• Amount financed is net of GST
• GST charged on monthly rentals (ITC available to ABN entities registered for GST)

The benefits of a Rental/Operating Lease

Off-balance sheet funding benefits: your rental agreement will not usually appear on your balance sheet as a liability. The monthly rentals are treated as an operating expense and are usually considered 100% tax deductible

Manage your working capital more effectively: rental gives you the option to obtain new equipment without tying up your working capital. Rental payments are fixed for the term of the facility. The low implicit interest rate gives you a cost-effective method of acquiring new equipment as well as giving you the most equipment for your dollar Flexible end of term options: at the end of the rental term the lessee will have three alternatives: (i) upgrade or replace with new equipment; (ii) extend the rental period with reduced rental repayments; or (iii) return the equipment with no further payments required

Finance the total solution

• Terms of 12-60 months
• Off-balance sheet finance arrangement
• Rentals are tax deductible for business use
• Ability to upgrade goods at contract expiry and generally renegotiate terms
• Options include purchase, re-rent, return of goods
• Amount financed is net of GST
• GST charged on monthly rentals (ITC available to ABN entities registered for GST)