You may have heard of Vehicle leasing, Novated Lease and Finance lease is a loan product that many people opt for when, however you really need to know what these terms mean. Some think of leasing as a rental agreement, similar to a rental property but there’s a little more to it than that.
If your an ABN holder the chances are that at some time you’re going to need to borrow to purchase business equipment, trucks, or motor vehicles to help with the successful running of your business.
A Finance Lease is a loan product which enables the customer to have full access of the goods, whilst the financier retains ownership. The goods are purchsaed by the financier, then they hire the goods back to the customer over a contracted term. The equipment / goods are owned by the lender and the customer has full use of the items. At the end of the loan term once the lease has been repaid the customer takes ownership of the goods
Benefits of a Finance Lease
Why Use iCREDIT for your Finance Lease?
Our strong relationships with Australia’s leading banks and equipment financiers, coupled with national buying power and loan processing centres allows us to compare loans suitable to your business needs and cash flow. Before entering into a Financial Lease or any Commercial Loan product it is advisable to discuss any tax implications with your accountant.
