Finance Lease

A finance Lease is a form of leasing whereby we finance the item that you require and leases it to you over an agreed period of time in return for a series of payments and a final residual payment.

We purchase the asset and retain ownership of the item during the lease period. You benefit from use of the item over this time however you are responsible for all operating costs.

At the end of the lease you are required to pay a final agreed amount called a Residual to own the asset.

Provided the equipment is used to produce assessable income, lease payments are usually tax deductible and taxable supply. We recommend that you speak with your accountant for confirmation and more information on this matter.


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