Personal Car Lease
- Flexibility will allow you to upgrade after an amount of time or purchase the vehicle
- Fixed payments throughout the term
- No GST. You’re leasing, not buying.
A Car Lease through our lenders can be an appealing alternative to a car loan for many customers. With all the benefits of ownership without the high cost, a Car Lease can be one of the most flexible car finance options available.
How does it differ?
The lender purchases the vehicle on the customer’s behalf. The customer then pays a monthly fee to lease the car for personal use.
At the conclusion of the lease, we can help arrange for you to purchase the vehicle for a residual amount.
Business Car Lease
A car lease is a great way to increase your tax deductions for the financial year and has proven to be a convenient, flexible option for business owners.
A Lease is a type of rental arrangement whereby an asset is leased for a specified term and rental amount. The financier owns the asset however the rentals of the lease can be tax deductible by the customer. At the expiry of the lease, the customer can purchase the asset, return it, or even further the lease term.
Vehicle Lease can provide a range of benefits to all businesses, no matter how big or small. These benefits can include:
- Tax deductions.
- Using a vehicle for business purpose instead of putting more miles on your own.
- The amount payable is predetermined, meaning you can easily manage your business’ finances.
- Your vehicle may be eligible for an upgrade at the end of the lease duration.
Novated Lease
A Novated Lease is a great option for employees as they can include the motor vehicle as part of their salary. A Novated Lease is an agreement between the employee, the employer and the finance company. Your employer has the responsibility for the lease but the lease payments are made from the employees pre-tax pay and the employee gets the use of the car.
Benefits
- Vehicle running costs are paid in pre-tax dollars (tax savings)
- Financed amount is less GST – GST on the purchase price of the vehicle is claimed back by the finance provider on your behalf. This lowers the amount financed.
- Flexibility – A Novated Lease can be re-novated from one employer to another (with new employer’s approval)
- Lease terms 12 – 60 months.
Finance for a vehicle for a business can be a great way to improve how the business is run.
