What is Operating Lease Finance?
Operating Lease relates to a off-balance sheet leasing for your passenger or commercial vehicle. The business that has the vehicle does not own the vehicle but it is rented from the finance company for a agreed payment schedule over a term.
What are the benefits of a Operating Lease?
Cash Flow Benefits:
- The loan term for Operating lease can range from 24 to 48 months
- The repayments are fixed throughtout the term.
- No capital outlay is required to fund the purchase of vehicles
- The fixed car lease rentals are paid monthly so it will allow you to organise your budget easily and accuratlely
- The car is not funded within the business and therefore its not shown on the balance sheet of the business
Other Benefits:
- There is a reduction in the time and expense of administration, especially when taken with full maintenance
- There are no costs or liability associated with vehicle disposal
- You control vehicle maintenance and servicing
Tax Deductible:
- Operating lease rentals are fully tax deductible when its used for Business Use
You will need to seek professional advice from your accountant regarding any tax related queries.
Why choose Us?
We dont only provide professional advice when it comes to operating leasing finance for your motor vehcile , we will always try to understand your needs so it can enable us to add value to your business and how we can find a solution when it comes to your finance requirements.
Compare your Lease Options
Need to compare which is the most suitable lease choice? Contact one of our loan consultants so we could work out which finance lease is the most suitable for your business.
Looking for Personal / Car Loans? Our Personal Loans include Car Loans, Boat Loans,Unsecured Loans and Secured Motorbike Loans.
