Lease of a Motor Vehicle

The lease of a motor vehicle allows a customer to use the car while the financier retains the actual ownership of the vehicle. However there is an option particularly at the end of the lease for the lessee to pay a residual amount (plus GST) in order to own the car outright. The way it works is that the financier buys the vehicle on behalf of the customer, who then leases the vehicle back and the customer pays a fixed monthly lease rental for the length of the agreement. Here at Quinn's we can help you draft the agreement if you are the financier or review it for you. If you are the lessee we can help you review your existing contract as well as negotiate before you enter the agreement.

Contact us for further information on the tax implication of a monthly lease rental as there may be GST and depreciation implications.

If you would like more information or assistance with leasing a motor vehicle or other leasing matter. 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.