Fully Maintained Operating Lease
An operating lease is when a company owns the vehicle, and rents it to your business over a contracted term between 12 months and 60 months. At the end of an operating lease you hand the vehicle/s back. You decide on the vehicle that is right for your business, as well as the appropriate lease term based on the kilometers you expect to travel over 12 months.
A fully Maintained Operating Lease includes registration, insurance and tyres for the lease duration, as well as servicing and maintenance. These are included in the contract of the agreed monthly lease payment and will have guides and restrictions on where servicing can be carried out, fuel purchased etc.
Benefits
Operating lease fully maintained can be from 12 months to 84 months.
The running costs of the equipment are included in the monthly rental payments such as fuel, servicing, registration.
The customer returns the equipment back at the end of the term.
The customer also has the option of purchasing the asset from the lender at the end of the term.
100% of the cost of the asset is financed.
No asset risk is held by the customer, they can hand back the asset at the end of the term.
The Fully Maintained Operating Lease allows a customer the ability to upgrade on a regular basis.
100% of the cost of the asset is financed.
The full payment can be claimed as a tax deduction.
The lender claims the GST on the purchase.
The customer can claim the GST in the weekly/monthly payments.
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