The terms of finance leases are generally between 2 -5 years and residual amounts are generally governed by the Australian taxation office guidelines.
Advantages of finance leases:
Lessee may own equipment upon payment of the residual
There is no upfront cash outlay
Equipment ownership at end of term
Fixed rate over the term
Generally there is no need for mortgage security
Businesses that use finance leases
All types of business use finance leases. It is most utilised by businesses that prefer equipment ownership.
Tax and accounting treatment for finance leases
Finance leases payments are generally treated as a expense item meaning that 100% of payments are expensed.
LeaseIt | Lease Financing Services
LeaseIt is a free Australian lease finance service. With Leaseit you have a simple comprehensive matching service that can help you identify your requirements and source the best leasing product and rate for your individual circumstances.
You can now simply check which products are available from Australia’s leasing providers or calculate your rates and repayments from our easy to use rate calculator. From here our team will guide you along the way and set you up with a hassle free lease.
Leaseit offers finance for car leases, truck and trailer leases, plant and machinery leases, software and IT leases, office and audio visual equipment rental and more. We offer low doc car financing to get you on the road quickly.