With a lease, you make the fixed monthly repayments and have full use of the goods from time of purchase, however, the lender legally retains ownership of the goods until the conclusion of the lease period and all payments are finalised. Leases are generally structured monthly with a residual at the end of the lease. The redsidual amount can vary with different lenders and are regulated by the Australian Tax Office. Visit ATO Website For More Info.
There are a number of options that Jade will discuss with you, as this product may be an attractive option to optimise taxation for contractors. Give us a call on 1300 005 233 and let your specialist commercial consultant explain all your options.