Commercial Leasing

Commercial leasing is an accepted and well-established form of equipment financing enabling many businesses to access equipment and technology which may not have been available through more traditional forms of finance.

The Lease Agreement normally has provision for a predetermined Residual Value, which must be paid at the end of the lease term. At the end of the lease, the client may wish to re-lease the asset for a further term rather than by paying the Residual Value. Standard credit approval procedures apply to the re-lease.

A lease may be defined as a finance agreement which provides the lessee the right, for a stated period of time, to use property owned by the lessor (Financier), in return for a series of payments (lease rentals) by the lessee to the lessor. The lessee has possession and use of the property for the term of the lease, in consideration for which the lessee makes the lease payments to the lessor.


AUSWEST Application Form