Finance Lease

The financier (Lessor) acquires the motor vehicle or equipment and the borrower (Lessee) pays for the use of the goods.

Ownership of the goods transfers to the borrower when the Residual is paid at the end of the contract.

The lease payments are tax deductible.*

All Finance Lease agreements must have a Residual and be in accordance with the ATO guidelines.  A deposit cannot be used to reduce the amount financed.

The lease payments include GST.

*The information provided does not take into account your specific circumstances. We strongly urge you to consult your tax adviser regarding any taxation matters.

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