A Finance Lease is a contract where the Financier purchases the equipment and leases to you for an agreed term and rental. A Lease lets you choose equipment for your business without ownership commitments. The equipment is owned by the finance company and while you don't automatically have the option to buy at the end of the term, they may consider your offer to purchase at the residual value.

Key Features

  • 100% of financing
  • GST is not included in the amount financed but paid and claimed by the financier
  • Total Monthly Repayments are fully tax deductible
  • The Residual Value is fixed and is agreed between the financier and you and is subject to Australian Taxation Office guidelines
  • Payments may be structured – including irregular or seasonal payments
  • Finance term up to 5 years
  • Structure and term generally matched to meet useful life of the asset
  • Rentals are fixed for the life of the lease
  • The rentals and the residual value attract GST

Key Benefits

  • Preserves working capital
  • Rentals are tax deductible
  • Fixed payments means cash flow is easy to manage
    To ensure suitability of this type of finance, confirmation should be sought from your accountant or financial advisor
         Other Southern Tool Websites:

www.southerntool.com.au

www.rhino-tools.com

www.youtube.com/southerntool

www.ebay.com.au
Copyright © 2020 Southern Tool + Equipment Co. All Rights Reserved.