Equipment finance & leasing
Making the decision to lease business equipment could have a noticeable effect on the success of the business, so it is a choice worth considering with an adviser – and even worth the time for established business owners to re-consider as well.
Leasing (or ‘asset finance’) is a way of purchasing equipment,
machinery or other assets without having to pay the full amount upfront.
You are essentially paying a regular amount to ‘rent’ the
equipment from the ‘lessor.’
|Almost anything can be leased or purchased as long as the asset will be used more than 50% of the time to earn assessable income. This includes vehicles, computers, machinery and other types of equipment.|
|Applicants for a lease can be Companies, Individuals, Trusts, Partnerships, or Independent Traders.|
|You must have home equity and produce tax returns for the last two years for your business to be eligible.|
You can lease almost anything to do with your business. Here are some common examples:
Leasing through a Count Adviser can help you:
|Free-up capital – Why buy equipment and pay the entire cost upfront when it could take years to reach its full earning potential? We can organise leases with a favourable repayment structure tailored to your needs.|
|Avoid inflation and currency movements – fixed repayments / rentals allow you to purchase equipment at today’s prices and precisely plan your future budget.|
|Save time and money – we compare quotes (and ensure there are no hidden fees) and do all the paperwork for you so you can obtain finance within days.|
|Pre-approved credit limits can also be arranged - This is simply pre-arranged finance that enables you to effectively plan for your future finance needs so you can shop around for the asset you require with peace of mind.|
|Maximise your depreciation and tax deductions - Your Count Adviser will look at your business's overall circumstances to structure an equipment finance option that will help you minimise your tax bill and maximise your profits.|
|Claim back the entire GST quickly in your next BAS - Your Count Adviser is ideally positioned to advise you on the most tax-advantaged way to claim back the GST on the asset, quickly and efficiently.|
What are the advantages of leasing?
|It allows you to acquire assets with minimal initial expenditures and a lease rarely requires a down payment.|
|Leasing can be a convenient way to minimise equipment expenses paid by the partners of a joint venture.|
|Your lease payments can usually be deducted as business expenses on your tax return, which can often reduce the net cost of the lease.|
|Leases are usually easier to obtain and have more flexible terms than loans for buying equipment. This can be a significant advantage if you have bad credit or need to negotiate a longer payment plan to lower your costs.|
|Equipment that is continuously outdated, like computers, can simply be replaced for new, higher-end equipment after your lease expires. Flexibility to keep your business up-to-date with advances in technology.|
Important Note - Lending Services are provided by Finconnect (Australia) Pty Ltd, ABN 45 122 896 477, Australian Credit Licence No 385888, a wholly-owned subsidiary of Count Financial Limited