Operating Lease or Rental
This is the equivalent of a Rental agreement. Motor vehicles and equipment can be financed under an Operating Lease.
The payments are fixed for the period of the contract (normally 1 – 5 years).
It is possible to upgrade the goods before expiry of the contract with amended payments and/or period.
At the end of the contract period you have the following options:
Return the goods to the lender
Extend the period of the contract with reduced payments
Purchase the goods at the market value
The payments under the contract are tax deductible and 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.