A finance lease is a rental agreement; the vehicle is owned by the finance provider or lender (the lessor) and then leased to the user (the lessee) for a set term. A finance lease allows the user to have full use of the vehicle and has a predetermined residual value.
A commercial hire purchase is another form of financing your motor vehicle where you can obtain goods by hiring them over the repayment term. The transfer of title for the vehicle is completed when the finance provider receives the last rental.
Allow those registered for GST on a cash accounting method to purchase goods / equipment and be able to claim an Input Tax Credit via the Business Activity Statement and therefore comply with the Australian Taxation Office requirements.
Help your staff maximise their salary package. Suited to businesses that need to offer salary packaged vehicles to their employees, which can help staff maximise their salary package and reduce your company's costs.
* These products are distributed through St.George Finance Limited ABN 99 001 094 471