What is a Car Lease / Finance Lease ?
If a car is used for predominantly business purposes, or if a car allowance is available to you, a car lease is a great way to acquire your next car. A Finance Lease gives you immediate use of the Vehicle without having to arrange a large deposit. Repayments for your lease are fixed for the term of the car lease, providing security for your financial planning. For added flexibility at the end of the lease term you have the option to refinance, sell or purchase the Vehicle for the residual value.
Use our car lease calculator to determine what lease term and car price will suit your needs.
Benefits:
- Where the car is used for business purposes, the car lease repayment will be tax deductible, the extent of the tax deductibility will depend on the percentage of business use.
- Your car lease payment is made from pre-tax income or via a car allowance.
- Fixed lease payments make budgeting easier.
- Your monthly car lease repayments are based on the original cost less the residual value of the Vehicle
- Car lease terms are from 12 months to 60 months to meet your individual requirements.
- GST on the purchase of your car is paid by the finance provider, reducing the amount you finance
- No or little capital outlay required