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Finance Leases

 

A financial lease is a rental agreement that is available for companies and business professionals in order to allow them to use business goods such as motor vehicles, industrial plant, trucks, professional or earthmoving equipment. The finance company buys the goods for you and they rent it to you for an agreed monthly repayment. At the end of the agreement you do not own the good rather the finance company does.

 

You can however choose to purchase the goods either during the agreement or at the end of it.

 

The agreement can be from 1-5 years but must be in accordance with the ATO's Guidelines.

 

So if you are considering a financial lease we can help you write the lease according to the ATO's guidelines as well as according to legal standards. If you are already locked into a lease we can help you review it and negotiate with the finance company in order for you to purchase the goods if you so choose.

 

This lease also has possible tax deduction benefits so contact us as one of our experienced accountants can help.

 

 

If you would like more information or assistance with a Finance Lease. Complete and submit the Express Enquiry form on the top right hand side of this page and we will contact you to discuss your enquiry or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.