Why Lease a Car

There are many benefits of a car finance lease as opposed to buying a car yourself with a traditional car loan. The benefits can be both better financially and also more convenient.

From a financial point of view, a business owner can more easily manage cash flow and potentially lower the amount of tax their business must pay at the end of the year. Here are a few points to consider when looking at buying a business vehicle using a car lease.
  • Flexible terms over two to five years
  • Fixed payments over an agreed time period
  • Costs are tax deductible
  • Lease payments are made from pre – tax income
  • The lease is secured against the vehicle, lowering the interest rate
  • Payments can be made in advance if this creates a tax benefit for you
  • GST can be claimed on your Business Activity Statement


When thinking about the convenience the positives are as follows
  • Easy to always drive a modern vehicle, by renegotiating after the lease period expires
  • No depreciation and other hassles to concern yourself with
  • More flexible payment terms than a car loan
  • Excellent choice for salary packaging because you do not have to actually buy the vehicle
  • A way to trial a car when you are not sure if you want to own it long term

For more information on whether a car lease will suit your business, why not call us today, or fill out the simple enquiry form on this website. We look forward to speaking to you soon.




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