Leasing
Leasing is commercial finance product. Leasing allows the customer to have use of a motor vehicle or equipment, whilst the financier retains ownership. Leasing is also known as "Lease" or "Finance Lease"
Leasing is for customers using vehicles for predominately business use only. Interest rates are fixed as the vehicle is security for the Lease.
How does Leasing work?
The financier purchases the customers vehicle of choice. The financier then Leases the vehicle back to the customer. The customer then pays a monthly Lease installment for the use of the vehicle.
Upon expiry of the Lease, the customer has the choice to pay the residual payment and take ownership of the motor vehicle, trade-in the motor vehicle or re-finance the outstanding balance.
Benefits of Leasing.
- Advanced knowledge of Lease payments.
- Lease payments are tax deductable.
- Variable terms 3 years to 5 years.
- GST is reduced from the overall Lease (as it is the financier's ITC)
- Lower monthly installments due to the above point.
- Lower interest rates apply as all Leasing is secured on the vehicle.
- Leasing has a residual (balloon) payment so your monthly commitment will be low.
- Fixed Interest!
Will Leasing suit you?
Leasing will suit Companies, Individuals or Sole Traders who use their vehicles for producing their income. Individuals can Novate their Lease (Salary Package) to make it tax effective. Leasing is normally secured by applicants who do mid to high km's and use the vehicle primarily as a business tool.
Want to know what our customer say about Leasing with McCarroll's Financial Services?
Click here Testimonials to see what our customers say.
Need to Know more?
If you have any questions or concerns, please go to our "make an inquiry" tab just below and and send us your details. Don't forget, when it comes to Leasing and your money, there is no such thing as a silly question.
Something to download!
The following is an information pack on the different loan options that you have available to you. They will point out a few different points along with giving you the option of what term and residual (Balloon) you can have. It has an application form attached, so if you like what you read, please complete and return via fax.
 | Business Loan Packages | [download, 234Kb] |
| Download and know your options. | ||