Rental / Operating Lease
Our Rental or Operating Lease product is a
flexible form of financing that allows you to benefit from the full use of an
asset for a fixed period of time.
By renting, working capital is not tied up and the lease is
typically not shown as a liability on your company’s balance sheet.
Payments are fixed for the life of the contract and are considered an
expense and therefore 100% tax deductible and taxable supply for GST purpose for earning assessable
income. We recommend that you speak with your accountant for confirmation and more information on
this matter.
We retain full ownership of the asset and upon
completion of the rental period the asset is returned to us.
The customers can obtain equipment without capital outlay and repayments are fixed for the term of the lease.
There is no drain on the customer's cash resources.
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