What is an asset lease?
An asset lease enables you to have the use of your business equipment and the benefits of ownership, while the financier retains actual ownership of the equipment. Our customers are most commonly using asset leases for trucks and commercial vehicles to keep their businesses on the road.
How does an asset lease work?
The financier purchases the equipment on behalf of the customer, who then pays the financier a fixed monthly lease rental for the term of the lease.
At the end of the lease the customer can either pay a residual on the lease and take ownership of the equipment, sell the equipment or re-finance the residual and continue the lease.
- Flexible contract terms
- Fixed interest rates and monthly lease rentals
- Your equipment does not sit "on your books" as an asset/liability
- Tax deductions for the lease payments may be claimed
- As the GST contained in the equipment's purchase price may be claimed back by the financier, only the equipment's price exclusive of GST is financed, lowering monthly payments*
* Please refer to your accountant for eligibility.
Some of the benefits of asset leasing via Stratton Finance
Anytime, Anywhere, AnyhowWe're a "real" online business. Get an online quote, electronically sign documents and receive / send funds electronically; there's no need to leave that couch!
Financial FlexibilityOur lenders have a wide range of options that give you flexibility including no early termination fees, variable loan terms and the ability to add a residual.
Lifetime SupportDon't get left alone to figure out how much you owe, changing your details, or assessing your changeover options; we're here for you over the life of your loan.
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