FAQs

Yes. Monthly rental payments on operating leases is treated as a business expenses and fully tax-deductible.

Yes. Rent-to-Own financing is also referred to as operating lease and Rent-to-Buy.

All types of business set-ups may select Rent-to-Own financing, where this credit facility suits the accounting method they implement and their financial objectives.

Rent to Buy is a form of financing the purchase of business assets. It is not a form of short-term hire.

Operators may use an online financing calculator to obtain estimates on operating leases.

Where new operators do not have the complete financial documentation required for the standard commercial lending application form, they may seek out brokers to obtain Low Doc and No Doc credit facilities.

Rent to Buy financing is an asset acquisition lending product. It may be used to fund the purchase of all types of assets used by and in a business. This includes equipment, trucks, heavy vehicles, and cars.

The buyback is the amount required to be finalised at the end of a Rent-to-Own term. By finalising the buyback, the borrower takes full ownership of the goods. Where the buyback is not finalised, the lender holds ownership and the borrower has no further use of the goods.

Borrowers can have full ownership of a vehicle funded with Rent-to-Own financing after all monthly payments and the buyback are finalised.