
Should You Sell Your Old Truck and Get a New One?
Is your old truck’s performance letting you down and affecting your work? Do you visit the workshop more often than you’d like? Maybe it’s about
You select the vehicle or equipment of your choice and range of options you require.
You negotiate the price of the vehicle or equipment as if you were paying cash.
You select the term of the lease (1 to 5 years) and the frequency of the repayments.
At the outset a residual value is set (which is an estimate of the worth of the vehicle or equipment at the end of the lease period, calculated using Australian Tax Office effective life and depreciation guidelines).
The finance company then purchases the vehicle or equipment on your behalf.
Rentals are then paid to the finance company.
At the end of the Lease you then have an Option to:
Make an offer to purchase the car from the finance company for the residual value, although the lease agreement does not provide you with the right to purchase the vehicle or equipment. Return the car to the finance company for sale, although you will be required to meet any shortfall if the sale proceeds do not meet the residual value. Trade in the vehicle or equipment on our behalf and lease a new one.
You select the vehicle or equipment of your choice and range of options you require.
You negotiate the price of the vehicle or equipment as if you were paying cash.
You select the term of the lease (1 to 5 years) and the frequency of the repayments.
At the outset a residual value is set (which is an estimate of the worth of the vehicle or equipment at the end of the lease period, calculated using Australian Tax Office effective life and depreciation guidelines).
The finance company then purchases the vehicle or equipment on your behalf.
Rentals are then paid to the finance company.
At the end of the Lease you then have an Option to:
Make an offer to purchase the car from the finance company for the residual value, although the lease agreement does not provide you with the right to purchase the vehicle or equipment. Return the car to the finance company for sale, although you will be required to meet any shortfall if the sale proceeds do not meet the residual value. Trade in the vehicle or equipment on our behalf and lease a new one.
Rentals may be fully tax deductible if the vehicle or equipment is used to generate taxable income.
You have immediate use of the vehicle or equipment with no capital outlay.
Fixed payments allow for more accurate budgeting and protect you against interest rate rises.
You can choose your own supplier and negotiate price independently.
Direct debiting of your monthly payments can be arranged saving you time and money.
Allows for regular upgrading of your vehicles and equipment.
Revenue generated from the use of the vehicle or equipment may make it self-financing.
* NOTE: There are GST implications when leasing. Always seek expert advice from your tax agent.
Rentals may be fully tax deductible if the vehicle or equipment is used to generate taxable income.
You have immediate use of the vehicle or equipment with no capital outlay.
Fixed payments allow for more accurate budgeting and protect you against interest rate rises.
You can choose your own supplier and negotiate price independently.
Direct debiting of your monthly payments can be arranged saving you time and money.
Allows for regular upgrading of your vehicles and equipment.
Revenue generated from the use of the vehicle or equipment may make it self-financing.
* NOTE: There are GST implications when leasing. Always seek expert advice from your tax agent.
Under a Finance Lease, the finance company purchases the vehicle or equipment of your choice in exchange for a series of rental payments.
Lease Finance is a great arrangement for those who want the flexibility of leasing.
We shop for the best interest rate so you don’t have to. It’s part of our duty to ensure that you are receiving the best pricing possible.
We shop for the best interest rate so you don’t have to. It’s part of our
duty to ensure that you are receiving the best pricing possible.
Is your old truck’s performance letting you down and affecting your work? Do you visit the workshop more often than you’d like? Maybe it’s about
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