Finance/Leasing and Business Loans
How do I customise my loan and leasing so it’s uniquely me?
What information do I need:
- Finance leases – This is where the financier buys the equipment and leases it to you in return for agreed regular lease payments, which can be tax-deductible to the extent the equipment or vehicle is used for business.
- Commercial Hire and Asset Purchase – these are contracts that enable commercial users to purchase goods by means of repayment with guaranteed ownership.
- Operating lease/rental – a simple rental agreement – you avoid the risks associated with the ownership and have no residual value liability.
- Novated lease – an agreement between an employee, the employer, and the financier, where the obligations to meet the repayments under the finance lease is with the employer.
- Chattel mortgage – like a loan facility, you own the asset, but the financier takes security over the asset until the contract is paid in full.
Whether it’s a practice fit out, office equipment or car lease – make sure it’s structured tax effectively.
Consult one of our accountants first so that you can plan out a loan and leasing structure that fits you, rather than you fitting the product.
Call 03 9863 3312 or email jabongiorno@proloan.com.au