Vehicle Leasing

A major strength is our specialty in fully maintained fleet leasing.

Operating Leases generally offer a very wide range of vehicles

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

Benefits of a Rental/Operating Lease

• Much reduced risk of owning an asset
• Not a commitment requiring a reduction in your capital outlay
• No security required
• Rental agreements are not a direct liability and will be a note on your balance sheet. Asset ownership of a true operating lease rests with the lessor. Vehicles are handed back at end of a lease along without any resale risk. Monthly rentals are treated as an operating expense and are usually considered 100% tax deductible depending on extent of business use.
• Manage your working capital more effectively: this type of leasing 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 net of GST 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 of the vehicle with reduced rental repayments; or (iii) return the equipment with no residual payment

Finance the total solution

• Terms of 12-60 months
• Rentals are tax deductible
• Ability to upgrade goods at contract expiry with flexibility to renegotiate terms as necessary
• Options include purchase, re-rent, return of goods extend Kms during the lease contract
• Amount financed is net of GST
• GST charged on monthly rentals (ITC available to ABN entities registered for GST)
• You can build in specialty options to your lease e.g. fit out for electricians, signwriting, wheelchair access, a crane on light trucks to mention a few.
• Comprehensive insurance can be included, or you can select your own insurer.

If an operating lease does not suit your level of comfort and intended use or you prefer to take asset ownership risk and hold assets for a more extended period, we are pleased to offer an asset purchase option. E.g. a trucking business may consider this type of finance.