SUITABLE ASSET FINANCE
Operating Lease
Continually upgrade vehicles and equipment
Take advantage of maximum flexibility and rent equipment for a fixed period and at the end of the lease return the equipment to the lender without the liability of a residual value. We can help you access the latest and greatest equipment and technology without ownership risks.
Deep Industry Expertise
We have deep industry expertise and knowledge gained through actual hands on experience in industry. We build long standing relationships with customers and can understand your business and industry sector.
Broad Industry Experience
Unique to Suitable Loans we have previously worked in industries such as Building and Construction, Manufacturing, Telecommunications, Music, Arts & Entertainment, Retail, Government, Automotive, Education, Information Technology, Healthcare, Financial Services
Your trusted Advisor
You have our Asset Finance team behind you to support you through the asset financing process and beyond. We're paid by the lender, not by you. We negotiate with lenders and look after your best interests.
Operating Lease features
- Amount financed - the lease provides 100% of the funds so you can conserve your working capital.
- Asset suitability - Low Value equipment with a short lifespan
- Ownership? - the lender owns the equipment and you normally don't have the option to buy the equipment at the end of the lease. Return the equipment at the end of the lease and the lender sells it or leases it to someone else. Particularly useful if you need to upgrade regularly and prefer renting instead of owning the vehicle or equipment.
- Flexibility - upgrade your equipment when a better alternative becomes available so your equipment doesn't become obsolete, possibly during the lease period.
- Asset and Liability? - rental payments may be 'off balance sheet' which improves business performance ratios
- Fixed term - usually from 1 to 5 years, with repayments fixed for the term of the contract
- Use - normally you can't sell or modify the equipment without the lessors approval
- Tax benefits - rental payments may be tax deductible depending on how much you use the equipment for business purposes, and access to input tax credits for rental and other GST charges