Business Vehicle Leasing: Compare Car Leasing Rates, Source Cheaper Lease Quotes

Vehicle Leasing is a very popular form of business financing, offering generous tax deductions, suits many business set-ups and all types of vehicles used by a business. Car Lease is an off-balance sheet facility which can be attractive to businesses that do not want the vehicle posted to their balance sheet as a liability/asset. Car Leasing interest rates are typically higher than Chattel Mortgage due to the structure of this type of finance. Our competitive rates offer buyers an extremely attractive option for leasing one vehicle or an entire fleet.

Make it easy on yourself and obtain the cheapest car lease quotes – connect with us today.

Vehicle Leasing is a form of commercial financing where the lender acquires the car and leases it back to the borrower at a fixed monthly lease payment. The business has the complete use of the vehicle over the full term of the leasing agreement and is responsible for all ongoing expenses.

The lender retains title of ownership until all monies owing are finalised, at which time the ownership is signed over to the borrower. As the borrower does not have ownership, the asset is not posted to their balance sheet. This form of financing is often referred to as ‘improving the balance sheet’.

Due to many aspects of Car Leasing relating to accounting matters, business owners are advised to consult with their accountant as to whether this vehicle financing option is the best option for the business set-up.

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Vehicle Lease: Key Features

  • Suited to businesses that use the accruals method of accounting.
  • Off-balance sheet commercial financing facility.
  • Easy’s competitive, lower leasing interest rates, sourced from across a competitive selection of lenders.
  • Fixed interest rate for the entire lease term.
  • Fixed lease term – Easy offers from 1 year/12 months up to 5 years/60 months.
  • Fixed monthly leasing payments – Easy sources quotes with a payment structure that works with individual business cash flow.
  • GST is charged on the monthly payments and claimed on relevant BAS return.
  • Lease payments treated as tax deductible business expense – fully deductible.
  • Residual option – this is a portion of the purchase price set aside for finalising when all monthly lease payments have been made. Subject to ATO criteria.
  • Payment of residual negotiated with lender at the end of the finance term.
  • Residual may be refinanced with a new finance arrangement.
  • No deposit car lease available – total purchase price included in the finance.
  • Suitable for new and used vehicles to be used by a business as per ATO criteria.
  • Dealer, auction and private sales.
  • Utes, light commercial vans, cab chassis, executive sedans, SUVs, passenger cars etc.
  • May be suitable for all sizes and types of business set-ups subject to accounting method and approach to balance sheet and taxation.

As a widely used form of business financing, Business Vehicle Lease is offered through many lenders. This can be advantageous to creating a competitive market. But it may present challenges to buyers seeking the cheapest car leasing rates and the best overall offer.

Easy Car Finance takes full advantage of the market competition while overcoming buyer challenges. Sourcing the cheapest car lease offer to suit individual requirements from a large lender selection. We also have access to lenders that assist new business operators that require No Doc and Low Doc Car Leasing.