Motor Vehicle and Business Equipment Finance
Phone: (02) 9890-9799 Fax: (02) 9890-9431
Operating Leases (Rental)
An operating lease or rental is an effective way for a business to finance motor vehicles, forklifts or other plant and equipment.
- Rental payments are tax deductible to the extent of business use. For example if a vehicle is used 90% for business then the payments are 90% tax deductible
- The shorter the rental term the higher the tax deductions
- Rental helps avoid being "upside down" at the end of the term (when your payout is higher than what the vehicle is worth)
- Rentals are an operating expense and do not appear on a balance sheet in your accounts
The terms and conditions of Alders Finance Pty Ltd rental agreement can be viewed here.