Finance OPTIONS - Vehicles, Machinery & Equipment

COMMERCIAL HIRE PURCHASE & ASSET PURCHASE

The client claims depreciation and an interest component for tax purposes. GST is paid up front on the purchase and not paid on the repayment. GST is claimed over the course of the loan contract.

LEASING

The payment is fully tax deductible but attracts the GST of 10% on the payment - the financed amount is the capital purchase price i.e. the purchase price without GST. GENERALLY, EQUIPMENT CAN ONLY BE LEASED IF IT IS UNDER 4 YEARS OLD INTEREST RATES ARE SIMILAR FOR CHP & LEASING.

SALE & LEASE BACK

Enables a client to pay cash for equipment - then to recoup his/her funds and claim the tax benefits of leasing.

RENTAL

100% tax deductible - click for more information

CHATTEL MORTGAGE/COMMERCIAL LOAN

A relatively new product where the client has title to the goods and the goods are covered by a bill of sale. The client is able to claim the GST up front on their BAS report.