How do I grow my Business?

January 29, 2015
Chris Chivers

Use someone else’s money

Lease finance is an option that can offer valuable advantages

  • Cash isn’t locked up in assets that quickly decrease in value so more of your working capital is available to generate profits
  • You may pay less tax - Lease payments may be fully tax deductible if the asset is used primarily for business purposes
  • The amount financed for the equipment is ex GST so your monthly repayments will be lower

 

It’s not complicated

A Finance Lease is a commercial finance product which enables you to have the use of the equipment to grow your business, and the benefits of ownership, while the Lender retains actual ownership of the equipment. A Finance Lease can also be known as an Asset Lease or Vehicle Lease.

 

You choose how it works

You choose the equipment for your business, the Lender purchases the equipment on your behalf and you lease it back from them. You then pay a fixed monthly rental for the term of the lease.

At the end of the lease you can choose to

  • pay a residual (final instalment) on the lease and take ownership of the equipment,
  • upgrade to a new model or trade it in or
  • re-finance the residual and continue the lease.

 

Saves your time

Let me save you time & money by doing all the running around in organising the lease.

You spend your time working on your business.

 

One more tip

Remember, when buying equipment (i.e. motor vehicle) from a dealership, always ask for the price for cash – then organise your finance. That way you will avoid paying their extra fees & charges

 

Call us today to discover how your business can benefit from our full range of motor vehicle and equipment finance options. (02) 8883 1606

 

Posted in: Business lending

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