Fully Maintained Operating Lease
What is a fully maintained operating lease?
A fully maintained operating lease is an off balance sheet; motor vehicle leasing option with the future residual asset risk remaining with finance provider. A fully maintained operating lease offers competitively priced passenger and light commercial vehicle leases eliminating any maintenance risk and is tailored to match the vehicle usage.
How does a fully maintained operating lease work?
A operating lease is simple, choose a motor vehicle, decide on the term and work out how many km's you will travel per year. Pay a monthly lease payment that includes all scheduled serving and at the end of the term, just hand the motor vehicle back to the finance provider.
Balloons and terms
No need to worry about residuals and balloon payments as there is no risk to you! Just hand the motor vehicle back to the finance provider at the end of the term.
What are the benefits of a fully maintained operating lease?
- Fully maintained operating lease terms range from 24 to 48 months
- No capital outlay is required to fund the purchase of vehicles
- The fixed car lease rentals are on a single monthly invoice allowing easy and accurate budgeting
- Fully maintained perating lease repayments are fixed for the term
- The car is funded externally and not shown on the balance sheet
- There is a reduction in the time and expense of administration, especially when taken with full maintenance
- Car lease rentals are usually fully tax deductible (except for luxury vehicles)
- There are no costs or liability associated with vehicle disposal
- All scheduled maintenance and servicing is taken care of
- Vehicle acquisition by Aussie Car brokers
- We can have you in your new car within 24-48 hours
- You will receive great hands on personalised service from an experienced car leasing consultant
Who should consider a fully maintained operating lease?
A operating lease is suitable when you use your vehicle wholly or predominantly for business purposes. This means that the vehicle is used for business for more than 50% of the time. It's also a great option if you would like no residual risk at lease end.
What are the tax implications of a fully maintained operating lease?
GST is claimable on the monthly finance lease payments, these can be claimed on you BAS.
Car lease rentals are fully tax deductible up to the ATO depreciation limit of $57,123.
What other options are availabale other than a Fully Maintained Operating Lease?
There are other business car loan & business car finance products that you may wish to consider such as:
For more information call us on 1300 361 360 today or Apply Online and one of our Finance Consultants will call you back shortly.