What are the benefits of a Finance Lease?
About Finance Leases
- Lease payments are normally tax deductible
- Flexible contract terms ranging from 36 to 60 months (three to five years)
- Fixed interest rate
- Fixed monthly lease rentals make for easy budgeting
- As the GST on the car's purchase price is claimed by the financier, only the vehicle's GST exclusive price is financed, thereby lowering monthly payments
- Ability to make advance lease payments for tax deduction or cash-flow purpose.
- GST is payable and then claimable on the lease rentals.
- All leases must have a residual (balloon payment), lowering monthly payments