LEASE FINANCE – CALL ME NOW 0418725516
You agree to use these goods for a period of time, and to pay a Residual Value upon completion of the time period with a view towards gaining ownership.
Upon completion of the contract, you will have the option to:
- Pay the residual value and take ownership
- Hand the goods back to the financier for their sale keeping in mind that you will be liable for any shortfall
- Re–finance the due residual value for another term
Because the contract requires 100% finance, you can’t have any equity in the goods so you can’t reduce the amount being borrowed by making a deposit.
The Residual Value is set in accordance with guidelines issued by the Tax Office and is based on an estimated value of the goods upon completion of the lease term.
For accounting purposes, you claim the payments as an expense through your Profit & Loss Statements.
Explain to me exactly what your circumstances are and your goals and you will then be introduced to a loan or finance product that suits your requirements.
So call me now and discuss what you are looking for obligation free!
Martyn on 0418725516 or simply complete the form below and I will come back to you ASAP!