FAQ: Who is eligible for a Car Lease (Finance Lease) and who does it suit?

Who is eligible for a Car Lease (Finance Lease), and who does it suit?

A Car Lease or Finance Lease is suited to a sole trader or business who use the leased vehicle predominantly (at least 50% of the time) for business purposes and wishes to claim the lease payments as a tax deduction.

A Car Lease can also be a good option for employees where they can salary package it via a Novated Lease.