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Leasing options
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LEARN ABOUT RANGE OF FUNDINGS & LEASING OPTION:
lease2own
"Lease2own' is a commercial operating lease, which known as hire purchase agreement between a 'business to business' arrangement.
It is well suited for a 'company or business' that don’t want to take on the risk of asset depreciation loss, exposure to variable maintenances or running expenses or selling the vehicle at the end of the lease.
This option includes up to 100% asset financing in exchange for a fixed weekly lease repayments cost, so there’s no capital outlay for your business. Find the suitable Lease2own Plans available for you and the product standard 'inclusions and exclusions', you can benefit with. You can further benefit by choosing any our optional Fleet Management Services as inclusions to form your weekly payment that suit your budget.
With an Lease2own, the lessor owns the vehicle until the end of the term or when buyout option is met. The lessor leases the vehicle to your business with your choice of management services and kilometre usage.
At the end of the term the business simply handed back as trade in to upgrade the vehicle by entering new lease arrangement or have option make offer to buyout the vehicle. A business use this operating lease method or known in our product as 'Lease2own' is an 'business to business' commercial lease arrangements (activity exempts from National Credit Code), the leasee or business is eligible to claim for asset buyout option, during or at the end of the lease term.
This option includes up to 100% asset financing in exchange for a fixed weekly lease repayments cost, so there’s no capital outlay for your business. Find the suitable Lease2own Plans available for you and the product standard 'inclusions and exclusions', you can benefit with. You can further benefit by choosing any our optional Fleet Management Services as inclusions to form your weekly payment that suit your budget.
With an Lease2own, the lessor owns the vehicle until the end of the term or when buyout option is met. The lessor leases the vehicle to your business with your choice of management services and kilometre usage.
At the end of the term the business simply handed back as trade in to upgrade the vehicle by entering new lease arrangement or have option make offer to buyout the vehicle. A business use this operating lease method or known in our product as 'Lease2own' is an 'business to business' commercial lease arrangements (activity exempts from National Credit Code), the leasee or business is eligible to claim for asset buyout option, during or at the end of the lease term.
asset finance
Asset finance is well suited for private individual applicant who will be using the vehicle for private use.
Asset finance transfers the risk of ownership to you as an individual. You choose a residual value within the ATO’s specified range to suit you, and at the end of your lease, you can pay it out, extend your term or enter into a new agreement.
Asset finance lease gives you up to 100% financing at a known monthly cost with almost no capital outlay. Your asset finance is normally tax deductible and may claim a depreciation schedule for your asset and its interest paid as tax deduction.
At the end of the term, you can extend for an additional term or make an offer to pay out the asset and enter into a new finance agreement on another vehicle. "This option we may refer you to consumer loan product specialist broker to lender, known as 'upstream and or downstream referral".
Asset finance lease gives you up to 100% financing at a known monthly cost with almost no capital outlay. Your asset finance is normally tax deductible and may claim a depreciation schedule for your asset and its interest paid as tax deduction.
At the end of the term, you can extend for an additional term or make an offer to pay out the asset and enter into a new finance agreement on another vehicle. "This option we may refer you to consumer loan product specialist broker to lender, known as 'upstream and or downstream referral".
Consumer LEASE
An operating lease is an asset funding option well suited for both for an private individual or business owner, that don’t want to take on the risk of selling the vehicle at the end of the lease.
This option includes up to 100% asset financing in exchange for a lease repayments cost, so there’s no capital outlay for you or your business.
You can benefit by choosing any our optional Fleet Management Services as inclusions to form your weekly payment that suit your budget.
With a consumer lease, the lessor owns the vehicle and leases the vehicle to you with your choice of term and kilometre usage. At the end of the term the private individual vehicle is simply handed back, avoiding the risks associated with ownership, as there is no residual value to pay. "This option we may refer you to consumer loan product specialist broker to lender, known as 'upstream and or downstream referral".
With a consumer lease, the lessor owns the vehicle and leases the vehicle to you with your choice of term and kilometre usage. At the end of the term the private individual vehicle is simply handed back, avoiding the risks associated with ownership, as there is no residual value to pay. "This option we may refer you to consumer loan product specialist broker to lender, known as 'upstream and or downstream referral".
novated lease
Novated leasing is well suited for an employee, or employer (business owner).
The name defines a finance arrangement used with salary sacrifice, where an employer pays an employee's vehicle finance and running costs from their pre- and post-tax salary.
A novated finance lease is the most common form of novated lease.
Residual value ranges are set by the ATO and the subsequent ownership risk is borne by the employee. As the name suggests, the employees’ lease obligations are transferred or 'novated' to the employer, who makes these payments to lender for the term of the lease. If the employee leaves their employment, the novation agreement ceases and all financial liability for the lease reverts to the employee.
A novated operating lease alleviates the ownership risk for the employee as the vehicle can be returned at the end of the lease. The employee does not carry any responsibility for any potential loss on sale. A novated operating lease is an ‘off balance sheet’ funding option. "This option we may refer you to novated product specialist broker to lender, known as 'upstream and or downstream referral"..
The name defines a finance arrangement used with salary sacrifice, where an employer pays an employee's vehicle finance and running costs from their pre- and post-tax salary.
A novated finance lease is the most common form of novated lease.
Residual value ranges are set by the ATO and the subsequent ownership risk is borne by the employee. As the name suggests, the employees’ lease obligations are transferred or 'novated' to the employer, who makes these payments to lender for the term of the lease. If the employee leaves their employment, the novation agreement ceases and all financial liability for the lease reverts to the employee.
A novated operating lease alleviates the ownership risk for the employee as the vehicle can be returned at the end of the lease. The employee does not carry any responsibility for any potential loss on sale. A novated operating lease is an ‘off balance sheet’ funding option. "This option we may refer you to novated product specialist broker to lender, known as 'upstream and or downstream referral"..
DISCLAIMER
Disclaimer: The information provided by Drive2go Car Leasing, a division of Sydney Automobiles Financial Services (ABN 98 120 164 472), is general in nature and for informational purposes only. It is not legal, tax, or financial advice. Before making any decisions about the products or services mentioned, you should get independent advice from a qualified professional who understands your personal situation. Legal Notice: Drive2go Car Leasing Lease2own product is a commercial vehicle lease provider operating under exemption from the National Consumer Credit Protection Act 2009. All Lease2Own agreements are strictly for business use by entities with an active ABN/ACN and are not consumer credit contracts. Drive2go is not required to hold an Australian Credit Licence (ACL).
what is a novated lease?
Watch the short video thread and get the right information about novated leasing, what saving you can potentially get and will this option is a better tax deduction for you?
