Finance Options

All Australian Finance

RENTAL

Rental Finance is off balance sheet borrowing and the most commonly used finance for business equipment. Rental Finance will eliminate cash restraints that exist when making that vital purchasing decision. How? By not having to pay the total amount of the goods up front. Instead, the 1st month's payment is all that is required for your business to have that equipment NOW that's a benefit your business for years to come. The monthly instalment can (in most cases) attract a 100% tax deduction, which equates to a minimal daily investment. Fixed term of 24,36,48 or 60 months is available 

COMMERCIAL HIRE PURCHASE (CHP)

A fixed term agreement (up to 5 years) with ownership of the goods by the Lessee and a final balloon payment at the end of the term. e.g. 40% Balloon or Nil Balloon. Upon payment of all monies the contract is finalised. In most cases the interest component and the depreciation of the goods are tax deductible. And, unlike a Lease no GST is paid on the monthly payments.  

LEASE

Lease Finance is on balance sheet borrowing and is a fixed term agreement where a residual payment is paid at the end of the term and has to be within  tax guide lines eg 30% R.V  . In theory, ownership is by the Finance Company until the Residual Payment is made, and ownership is then transferred to the Lessee. Lease payments only are 100% tax deduction, and depending on the goods financed the option to re-finance the residual is available. - In most cases

For more information, contact Benson Finance directly.

RENT-TRY-BUY

SilverChef, a finance company who specialise is financing the hospitality industry offer an extremely effective RENT-TRY-BUY product.

Please check out www.silverchef.com.au and make use of their online rental calculator. This is a great tool for your whilst doing your research.