Maximise the advantages of versatile car leasing with the best interest rates, individually sourced from our vast lender base. Motor vehicle financing tailored to suit your business, with repayments that work with cash flow, and terms to suit your ownership cycle preference.
We provide this extremely popular car financing product for all types of business set-ups, for all types of vehicles – utes, wagons, passenger cars, SUVs, light commercial vans, 4WDs and small hatches. Flexible terms and highly competitive rates are available for new and used vehicles with petrol, diesel, hybrid and battery electric power.
The popularity of car lease with business owners flows through to the lending market. Many banks, finance companies and non-bank lenders offer this credit product. But many features including interest rates, approval and eligibility criteria, loan limits and terms, vary with individual lenders. Using our specialist motor vehicle financing services presents business owners with a streamlined, fast, and easily accessible road to the best car lease deals available from 80+ lenders.
To quickly receive a car lease quote or for 24 hour approval, contact us by phone or online.
Leasing a car is a commercial lending facility for the purchase of motor vehicles. The term 'lease' is a description of the type of credit facility.
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The lender retains the vehicle ownership and leases the car back to the business borrower. While the lender has title to the vehicle while the loan is being repaid, the borrower is responsible for all expenses pertaining to the vehicle – registration, insurance, servicing and repairs.
As the lender owns the vehicle, the borrower is not required to post the car as an asset in their accounts. This type of credit is described as an ‘off-balance sheet’ facility and is often considered as a way to improve the appearance of a business’ balance sheet. This is considered an advantage for some enterprises, especially new and small operators. But all types of enterprises use this versatile form of financing to acquire all types of motor vehicles.
A key differentiating feature of commercial lending products is their compatibility with accounting methods. Vehicle lease is suited to enterprises that implement the accruals accounting method.
A lease agreement is arranged with a fixed rate of interest over a fixed term. A residual is included, the amount being in line with ATO schedules. A residual is a percentage of the loan amount which is due for attention at the end of the term.
Borrowers have a number of options at the end of the term to deal with the residual. Borrowers can pay the amount due from cash flow or refinance with a new loan arrangement. When the residual is paid, the ownership of the car is transferred from the lender to the borrower.
Alternatively, they may choose not to pay the residual and in so doing, give up the vehicle. In this instance, no claim to ownership is held by the borrower and the lender can dispose of the vehicle and retain the proceeds. For businesses that upgrade their vehicles regularly, leasing may be seen as a flexible credit product.
Monthly payments are made and treated as business expenses under tax law, and the full amount can be deducted from taxable income. Monthly payments attract GST which is then claimed, if registered for GST, on the corresponding BAS return.
To be eligible for car lease, vehicles must be for use in the business applying for the financing. Both new and used vehicles may be leased including utes, SUVs, all road models, cab chassis, passenger sedans and hatches, and other models. For a quote on a lease for a car to suit your specific requirements, speak with a Jade broker.
Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.
While vehicle leasing is a very versatile financing product, the pricing, ie the interest rate, still needs to deliver an affordable and workable solution for the business. Business vehicle leasing is offered by many lenders but at varying interest rates and approval criteria.
We save business owners the time and trouble of finding the lender that is best suited to their credit profile, loan amount required, and will offer them the best leasing interest rates. We have accreditations with more than 80 lenders which include the major banks, non-bank lenders and financial institutions. We do the hard work for you.
Our skilled brokers quickly match business with lender, sourcing the best rates and negotiating on key features including approval of the preferred loan amount and lease terms. Every solution is individually sourced and tailored to best meet the requirements of our customer. We negotiate leasing terms in line with the ownership cycle of the vehicle to deliver a cost-effective outcome.
As specialists in commercial vehicle financing, we have the lender connections, the skills, and 25+ years of experience to deliver vehicle leases that work with cash flow, with specific financial objectives, and with current tax rulings.
To save time and obtain the lowest car lease interest rates, let Jade Finance handle your vehicle finance requirements. For a quote on leasing one vehicle or an entire fleet, speak with one of our brokers.
Leasing vehicles can suit many business set-ups of all sizes. But approval criteria vary across the lending market. Making it difficult for some operators to get approved and be offered the best car lease deals. We assist operators with no financials, with low turnover, with short trading history and with credit issues, with our specialist motor vehicle financing services.
We have connections with lenders that approve car lease applications for new, small and self-employed entities. Highly competitive rates and affordable solutions can be secured with our experts handling your individual vehicle financing requirements.
For a quote on Low Doc Car Lease, speak with one of our brokers or simply apply online.
We provide a quick and easy process to apply for car leasing. A current ABN and ID is required, plus financial credentials on the enterprise. Operators without financials can apply for our Low Doc options. Our brokers will also need details of the vehicle to be purchased. If buying at auction or applying for car lease before purchase, an indication of the type of vehicle – new or second-hand, and the price is required.
Customers can brief our brokers on their individual preferences for the finance – no deposit car leasing, up to 7 year terms. We then handle the process, sourcing the best rates and conditions from across our large lender network and presenting customers with the best available offer.
Applications are processed promptly, many approvals received in 24 hours. Customers can apply for car leasing online or by phone. Apply now and get moving with your vehicle purchase.
To get finance estimates to compare makes and models, make buying decisions around affordability, and to prepare budgets, head to our handy vehicle leasing calculator. Use it for free to calculate repayment estimates on any number of vehicles, over a range of terms, quickly and easily.
The calculator allows buyers to compare car leasing interest rates with Chattel Mortgage, CHP and Rent-to-Own as well as to compare vehicles in different price ranges. For a confirmed quote, contact us.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 16/09/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
A start-up business without financials may source low doc car leasing through brokers and specialist lenders.
All types of vehicles used in a business operation may be eligible for lease finance. Subject to individual lender approval.
Borrowing the full price of a motor vehicle is subject to lender approval of the loan amount.
Ownership of a leased vehicle is transferred from the lender to the borrower when all monthly payments and the residual are finalised.
GST is applied to monthly lease payments and residuals.
Yes. Leasing payments are treated as an acceptable business expense and the full amount is a tax deduction.
The residual is the portion of a car lease that is due to be finalised at the end of the financing term.
No. Interest rates are offered by lenders after an assessment of the individual application and review of the credit profile. The creditworthiness and financial position can determine the rate and rates can vary for different operators.
Both Lease and Chattel Mortgage are widely used to finance business vehicles. Deciding which is most suitable for an individual business depends on the accounting method used and the approach taken to the balance sheet and taxation.
Self-employed operators with an ABN can be eligible for vehicle leasing, subject to meeting individual lender criteria and credit checks.
