Own the latest equipment and vehicles. Suited to businesses that need to finance income producing equipment or vehicles and want to own the asset at the end of agreement, while preserving their working capital.
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| Benefits |
- Security is usually the asset itself – preserving access to working capital credit lines.
- No capital outlay – no up front deposit needed, which means you can use your working capital for other core business needs.
- Equity – by taking equity in the equipment through a trade in or deposit you can reduce the amount funded and therefore the total interest paid.
- Input tax credits and tax deductions – provided you are registered for GST, you should be entitled to claim an input tax credit for GST included in the price of the asset acquired. And generally, the interest you pay plus the depreciation of the asset should be tax deductible to the extent the asset is used in your business.
- Tailoring to match your cash flow – repayment cycles aligned with your anticipated cash flow.
- Simplicity – instalments will be automatically debited from your nominated business account.
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| Features |
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Most depreciable assets can be funded
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Choice of interest rate types
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Choice of payment options
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With the fi nal payment of the agreement the ownership of the asset will be transferred to you
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Related options:
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