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A Finance Lease is another alternative to a commercial finance product such as commercial hire purchase car loan & chattel mortgage vehicle finance. A finance lease or car lease is a type of commercial car loan that gives you the benefits of ownership of the vehicle for a regular fixed payment.

A finance lease or car lease is a way to do a sale and lease back for cars or vehicles you have purchased within the last 6 months. A finance lease or car lease can be used to release equity in a vehicle after purchase. Finance Lease is also known as a asset lease or vehicle lease.

The funder or credit provider finances the asset on your behalf. The credit provider claim back the GST on the purchased price and you finance the remaining component over a fixed term.

A Finance Lease is suitable for companies, partnerships, trusts, sole traders and individuals where the leased asset or vehicle is used to produce business.

The finance lease or car lease rental payment has a GST component included in it. Also the residual value or balloon payment due at the end of the contract is also subject to GST. Due to the annual changing by the ATO office of the governing of Car Leasing & Finance Leasing. Always speak with your account first.

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Pre-Approval