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Finance Lease
When experience matters, choose the experts. With over 20 years in the industry, our Finance Consultants structure smart Finance Lease options, combining tailored advice with competitive funding options for Transport and Heavy Equipment Operators.
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Finance Lease
Understanding Finance Leases For Truck And Heavy Equipment Purchases
A Finance Lease agreement is a Funding mechanism where the Financier purchases the Truck or Equipment on your behalf and Leases it back to your business over an agreed term. This structure is often chosen by businesses that prefer to treat the Asset as an off-balance-sheet item for accounting purposes.
During the Finance Lease term, you have full use and control of the Truck or Equipment in return for fixed, regular Lease payments. These payments are generally tax deductible as a business expense, making a Finance Lease an effective way to manage cash flow and taxable income (subject to your accountant’s advice).
At the end of the Finance Lease term, you have the option to take ownership of the Asset by paying the agreed residual amount, which is set at the start of the contract. This gives you the flexibility of Leasing during the term, with a clear and guaranteed pathway to ownership if and when it suites your business.
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Asset Security
Features of a Finance Lease Facility
- Financier claims the GST on the purchase price and not the customer purchasing the Asset (Speak to a qualified tax professional for advice)
- Claim the full monthly payment as a tax deduction (Speak to a qualified tax professional for advice)
- Term of a Finance Lease can range from 1 - 5 years (a fixed monthly payment applies)
- Ownership of the asset is transferred to the client once the final payment and or any residual has been paid with payment options of weekly, monthly, quarterly, bi annually, yearly or structured
- Residual payment at the end of the term can be applied to a Finance Lease Loan to reduce monthly payments (Residual amounts can range from 10% through to 50% - depending on age and usage of the Asset)
- Customer financiers the full Ex GST amount of the purchase price but has no option to contribute a deposit
- Factors such as age of asset, work type to be completed and business structures are considerations before deciding if a Finance Lease is appropriate (Speak to a qualified tax professional for advice)
Tax Advantages
Benefits of a Finance Lease Facility
- Funding the full amount of the Ex GST price of a Truck or Equipment Asset with a Finance Lease Loan will preserve cash flow and maximise working capital position
- Flexible payment options allow clients to make payments suitable to their cash flow requirements
- Fixed monthly payments over the term of the facility allows businesses to accurately project income and expenses going forward
- Residual payment at the end of the term reduces payments over the term of the Loan
- Finance Leases for Trucks and Equipment can be assessed on either a Full Doc, Low Doc or No Doc basis
- Residual payment applied to the loan so as to reduce monthly payments paid by the customer over the term of the loan
- As Finance Lease Loans uses the Equipment as security, it allows clients to free up property equity to pursue other investment opportunities
- Residual payment options at end of term gives the customer flexible options for thier business at the time the residual payment is due. Customer can (one) pay it out using their own cash reserves (two) utilise the trade in value given by the dealership on the existing asset (three) refinance the residual with a new Finance Lease Loan
- Tax deductibility at end of the financial year as client can claim the full monthly payment as a tax deduction (Speak to a qualified tax professional for advice)
We Make Finance Lease Facilities Quick and Easy for Truck and Heavy Equipment Owners Australia Wide.
Start Now and complete our Quick Assessment Form to obtain a Pre-Approval up to $500K – decision within a few seconds.
Alternatively, you can call one of our Finance Consultants to discuss your funding scenario.
Example Breakdown
Example Funding Scenario
- Large Civil Construction client required funding for a New Truck fitted with a New Concrete Boom Pump
- Finance Type – Finance Lease
- Loan Amount - $950,000 (ex gst)
- Term – 60 months
- Residual – 30%
- Payments – monthly in advance
Outcome
- Clients Accountant specifically requested a Finance Lease for this purchase (given the fact client was purchasing two assets and could maximise their deductibility under a Finance Lease for their business structure)
- Client borrowed the full Ex GST amount of the purchase price allowing them to maximise cashflow for working capital purposes
- The 30% residual reduced monthly payments on the loan over the 5 year period and aligned with the asset value at the end of the loan term
- Fixed monthly payment gave customer confidence to easliy budget for ongoing expenses on this Concrete Boom Pump
- The Finance Lease does not show up on the balance sheet as an ongoing liability, which will give this client access to greater funding options for other Truck and Equipment related purchases in the future
Customer Reviews
Our customers say it best. Find out what it's like dealing with the Experts in Finance Leases for Trucks and Heavy Equipment. You could be the next success story.
Nathan you are fantastic to deal with. Always prompt with deals never a hiccup. After 8 truck deals will never use another broker. Keep up the great work you make my life stress free.
TH
Tracey Hall
Scone Equine Transport Pty Ltd
I have been dealing Heavy Vehicle Finance since 2014 and have found them be nothing short of amazing.They have funded various trucks and trailers for me over the years and its a fantastic feeling to know that I still have the same account manager after all of these years of business.It is very good to know that a finance approval is only a phone call away.
CW
Colin Wallace
Palanquin Pty Ltd
I have used the team at Heavy Vehicle Finance twice now for our financing needs for prime movers and side tippers. A Great team to work with and very prompt and professional. We will use again in the future.
JC
James Coustley
JJC Civil
I have used Nathan and his team for multiple purchases for our earthmoving company and Nathan has gone above and beyond to help us with expanding our business. I couldn’t recommend Nathan more highly.
SW
Sam Wood
Sureflo Plumbing & Roofing Contractors Pty Ltd
We used Heavy Vehicle Finance for the purchase of our Truck. They went above and beyond for us and made sure that the process was as stress-free as possible. The entire interaction was nothing short of amazing. We will definitely be using them again in the future.
MM
Meagan McNicholl
Next Gen Transport Pty Ltd
Can’t thank Nathan enough for how fast and professional he was with organising my finance for my new truck. He was straight to the point with no stuffing around. Highly recommended
TH
Tim Hartas
Hartrax Contracting Pty Ltd
Finance Lease Calculator
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Why Us?
Unlock the Benefits of Heavy Vehicle Finance for Your Finance Lease
- Heavy Vehicle Finance backed by 20 Years Industry Experience. Heavy Vehicle Finance that will work for you.
- Quick, Easy and Obligation Free. Heavy Vehicle Finance Pre-Approvals up $500K.
- We deal with Owner Drivers and Fleet Operators Australia Wide. We will help you save thousands on your next Heavy Vehicle Loan.
- We're trusted across the Transport Industry as a leading provider of Heavy Vehicle Finance. Our applicants receive funding options tailored to their business needs, delivered efficiently by experts who understand Heavy Vehicle Industry.
- Typically No Financials are required for loans up to $500K and our unconditional approvals take only 24 hours.
- Our flexible policy matrix will give you greater access to capital—so you can secure the Heavy Vehicle and Heavy Equipment you need to grow your business faster and with more confidence.
- Our customers are assigned a dedicated Relationship Manager to help guide them through the process from start to finish.
Let us Finance
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Complete our Simple Quick Assessment Form and let us go to work on finding the best Finance Deal on your New or Used Heavy Vehicle.
With over 20 years experience and thousands of deals done, we are on your side to get the best possible rate.
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