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Finance Leasing
When purchasing vehicles or equipment for your business, a financial lease is an option available. With flexible loan terms and repayment options, low rates, fees and taxation benefits, financial leasing is available for sole traders, partnerships and companies, large or small.
A lease allows you to buy a car, truck, equipment or worthwhile business asset where you are unsure on whether you will keep the asset at the end of the loan term. At the end of the loan payment term, you will have a final payment (usually called a balloon / residual) where you have the option to simply hand the asset back if you no longer need the asset.
For most borrowers though, you can choose to either buy the car outright by paying a final payment, trade or sell the asset or continue with the lease agreement to finalise the balloon payment.
Finance Available For
Trucks & Trailers
Motor Vehicles
Equipment & Machinery
Motorbikes & ATV’s
Caravans & Camper Trailers
Boats & Marine
Finance Leasing Features
The asset is owned by the lender
The lessor (lender) purchases the vehicle and ‘rents’ the asset to the borrower
Borrow 100%
You don’t need a deposit with Leasing contracts and can borrow 100% of the purchase price.
Tax Benefits
Your repayments are tax deductible
Balloon / Residual Payment
A lease will have a balloon / residual payment to be paid at the end of the loan term. This can be from as little as $1 through to 40% of the purchase price. At the end of the loan term, you can either choose to payout the residual, refinance, trade or sell the asset to clear the loan.
No Financial Option
As long as you tick a few boxes set by lenders, you may not need to provide detailed financial information such as up to date tax returns.
Loan Terms
The loan term you choose is up to you. These can range from 1 through to 5 years and can be tailored to suit your budget
Common Question
Yes, Finance Leasing requires security to be held over the asset you are purchasing, whether that be a car, motorbike, truck, equipment, machinery or trailer.
Yes! A lease, although similar to other asset loans allows you to purchase private sale assets for your business.
There are benefits in finance leasing, which include flexibility in the lease term, the repayments and end of lease options. If you’re not purchasing the asset for business use, a financial lease won’t be a suitable product for you.
To apply for a business lease, follow our easy online application.
The more information you can provide the better result and more options are available to you.
Your business loan consultant will be able to assess and deliver a suitable answer for you.
Yes, we offer a wide range of lenders for you to choose from and work hard to ensure you receive the right answer. Our leasing options can help you keep your business moving with little downtime.
A lease can be tailored to suit your business budget with loan terms from 1 to 5 years. Leases have a balloon / residual payment which needs to be made as a final payment. When this is due, you have the option to payout the balloon payment, trade in / sell the asset, refinance the balloon if you wish to keep the asset.
Once you have repaid the loan, the asset is yours.
Yes, Finance Leasing can be used when purchasing higher value assets or if you need to have a longer repayment period, such as 5 years. Operating leases are meant for short-term use and generally have shorter loan terms, such as 2 years.
Pro's
- A Finance Lease allows you to purchase a potentially higher value asset and spread the cost over a period of time wit fixed monthly repayments.
- There are taxation benefits including claiming the monthly repayment. If you are registered for GST, you can claim some or even all of the GST that’s calculated in your monthly repayments as an input credit on your next Business Activity Statement.
Con's
- The asset is ‘owned’ by the lender and you gain use to the asset by ‘renting it’ from the lender. This is done through set repayments over a period of time. As you don’t own the asset throughout the term, you have the option to purchase at the end of the loan.
- You must still pay for registration, maintenance, insurance costs etc.
Why Choose Us?
We understand business lending. Our process streamlines your loan to deliver quick answers. Whatever your business requirements are and whatever your financial situation is, we’re on your side.
We’re backed by national buying power, meaning we’re in the best position possible to negotiate better, more affordable finance rates for you.
We compare loans through our panel of lenders and banks to provide you transparent results helping you make a confident, informed decision.
At iCREDIT , we process thousands of loans each year, have in-depth knowledge of lender guidelines so we can present your loan correctly, giving you the best opportunity to get the right answer.
We’ve helped thousands of Australians find their loans.
Easy to contact and made everything seem so easy
I wanted to take a moment to express my sincere appreciation for your invaluable assistance in helping me navigate the complexities of car warranties. Your expertise and dedication made the entire process smooth and stress-free.
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Moreover, your commitment to providing personalized support and going above and beyond to address any concerns truly sets you apart. Your professionalism and attention to detail are commendable, and I am grateful for your unwavering support throughout the entire process.
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Once again, thank you, Scott, for your exceptional assistance. I look forward to working with you again in the future and will not hesitate to reach out whenever I need assistance with any financial matters.
Best regards,
SID
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