1300 Car Finance

Operating Lease Finance

A new vehicle is a major investment for any business. Ever wondered what you could do with the money that you have tied up in motor vehicles? An Operating Lease may just be the solution to take out the stress of running your vehicle or fleet of vehicles.

What is Operating Lease Finance?

Operating Lease Finance is an off-balance sheet option to lease your passenger or commercial vehicles. The finance company purchases the vehicle's and rents it to you for an agreed payment schedule over a fixed term. Whilst similar to a Finance Lease, Operating Lease Finance has greater flexibility.

Who is eligible for Operating Lease Finance?

Operating Lease Finance is suitable for sole traders, partnerships, Trusts and companies who wish to lease one or a fleet of vehicles without the added stress of managing the paper work, maintenance or accounting of the vehicles.

Benefits of Operating Lease Finance?

• With Operating Lease Finance, you can free up cash flow and Lease the vehicle of choice.
• One single Tax Invoice for your vehicle costs, means less paperwork for your business and GST accounting made much easier.
• Take out the stress of running your vehicle or fleet, the financier will take care of everything from making sure the registration is paid on time to chasing up insurance claims.
• With an operating Lease we give you access to Australia-wide purchasing power of your new vehicle or fleet.

Operating Lease Finance and Tax

Rental payments are 100% tax deductible because they are treated purely as an operating expense.

The vehicle must be used solely for business purposes and rental payments do not appear on the balance sheet, therefore there is no contingent liability.

Rental payments are calculated on the purchase price of the exclusive of GST. Payments then have GST added which you account for in your BAS and claim back as an Input Tax Credit.

Need a car finance quote?

For more information or if you have any questions about Operating Lease Finance, just call 1300 Car Finance thats 1300 227 346 and speak to a qualified finance consultant or why not complete our friendly online finance enquiry form and a experienced finance consultant will contact you shortly.