The Operating Lease allows a business to keep their technology up to date without the need for ownership. This decreases the chance of equipment becoming obsolete as companies can replace/update their equipment more often. In most cases the repayments are fully tax deductible. At the end of term assets are commonly replaced with the lease rolling over for another term.
The Chattel Mortgage allows the customer to own the equipment with $0 residual at the end of the term. All Chattel Mortgage repayments include the GST component and in most cases allows the customer to claim the GST component in addition to interest and depreciation on the asset. The debt will be included as a liability on the Balance Sheet.
*All quotes are indicative and subject to approved applicants only
Start Your Approval Process
2nd Director Details
A credit score is a number used to represent your reputation as a borrower
This represents any outstanding ATO debt with respect to monthly turn over (MTO)
Based on the information provided, your business may qualify for
0 Equipment Facilities
Additional facilities your business may qualify for
0 Working Capital Facilities
0 Vehicle Facilities
Thank you for your submission.One of the team will be in contact within the next business hour.