FAQ: What are the features and & benefits of a Car Lease (Finance Lease)?

What are a Car Lease's (Finance Lease) features and & benefits?

A Car Lease (Finance Lease) for a car or other passenger vehicle has a number of key benefits:

  • Wide variety of residual value (balloon value) options 
  • Choice of terms (loan lengths) ranging from 24 to 60 months (two to five years)
  • Tax deductions may be available when the car is used for business purposes
  • No GST on the purchase of the car, as the GST is claimed back as ITCs by the financier
  • A Car Lease is secured finance, which allows lower interest rates

Additionally, a Car Lease through stratton has the follow extra benefits (subject to lender selection):

  • No ongoing fees
  • Fixed interest rate, so monthly repayments are fixed for the life of the loan
  • Ability to make advance lease payments for tax or cash-flow purposes
  • Online quotes and online approvals available