Gives you immediate ownership of the goods. Fixed rates, flexible terms. The asset being purchased is mortgaged to the financier as security over the loan.
Financier owns the goods. You have option to purchase at any time during the term of the contract. Ownership transfers to you on final payment. Flexible terms with or without deposit or balloon residual payment.
The financier acquires the asset on your behalf and rents to you. Option to purchase the asset at the end of the term or return the goods. You assume the future value of the asset. Usually rental payments are allowable as business expenses.
Vehicle is leased in the employees name and the employee has full use of the vehicle. Payments are made by the employer directly to the financier. Offers possible pre-tax advantages to the employees remuneration.
Suitable for equipment that is upgraded often. The financier assumes the future value. Goods are returned at the end of the period. Allows you to keep your equipment up to date without large capital outlay.
Funding for residential and commercial property. Owner-occupier or investor.