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Rent To Buy Truck Loans | Truck Rental Finance

8 Jul Today's
best rate
Finance Trucks From
3 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 09/07/2020 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Rent To Own Truck Finance

Jade Truck Loans arrange rental finance for customers which need to upgrade their trucks regularly as it offers a number of key benefits and advantages for such businesses. A truck rental agreement or operating lease, enables the customer to use the truck but without the bearing the extra load of actually owning the truck. The ownership is retained by the lender until a future point where you can choose to purchase from the lender or return the truck to them. This is the key difference between rental operating lease finance and Chattel Mortgage.

Key Features and Benefits of Truck Rental Finance

Fixed truck loan interest rate and fixed monthly repayment

Fixed term of the rental or operating lease period

Flexible term of up to 5 years, usually determined by the working operating life of the vehicle

Classified as an off balance sheet item: repayments recorded as expenses but the asset is not recorded as a liability on the balance sheet, thus improving the balance sheet.

Repayments could be 100% tax deductible as a business cost

GST might be claimed on the monthly rental payments

At the end of the rental term, the lender retains ownership (with most lenders), providing you with the opportunity to upgrade to a new truck without the hassle of disposing of the existing vehicle

Opportunity to negotiate a purchase price with the lender to buy the truck at the completion of the rental agreement period

Rent To Own Options Truck Lease Available With Jade

Truck rent to won can be a very effective finance option for many businesses and we advise that you consult with your accountant in order to make an informed decision. Your Jade Truck Loans consultant is available to discuss the various truck finance products in plain English to you.

Is Truck Rental the right financing solution for you? Call us now 1300 000 003 and a Consultant will get started on arranging a great deal, tailored to suit your business.

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Request a free finance quote by calling 1300 000 003 or directly online.

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