FAQs

Yes. All types of business entities with an ABN can be eligible to apply for lease finance.

Both Lease and Chattel Mortgage are extremely effective equipment financing options. Both offer benefits, terms, tax deductions and affordable interest rates. The decision as to which is best for an individual business can be based on the accounting method used, the financial objectives, and approach to tax and balance sheet.

Leasing interest rates are competitive as slightly higher than Chattel Mortgage and lower than Rent-to-Own.

The residual is a percentage of the purchase price which is due for payment or finalising with the lender at the end of the term. ATO set residual percentages for leasing.

Monthly lease payments are fully deductible.

A wide range of plant, machinery and equipment can be purchased under Lease. Essentially all assets to be used in a commercial operation.

Leasing is one of several asset acquisition financing products. The others are Chattel Mortgage, Rent-to-Own and Commercial Hire Purchase.

Subject to individual lender approval of the application, the full purchase price of equipment may be financed with a lease.

Yes. Used machinery and equipment can be financed with a lease. Interest rates, terms and conditions may vary for new and used asset financing.

New businesses without the full documentation required for a commercial finance application can seek brokers or specialist lenders that offer Low Doc and No Doc funding services.