FAQs

Q: Why should I lease rather than buy?
A: The tax advantages are significant, provided your equipment is used to derive assessable income

Q: What will my payment be?
A: We can tailor a custom financing solution with competitive, market-sensitive rental payments to meet the needs of your business. Contact us for more details.

Q: Won't payments go up with the rising interest rates?
A: We can tailor a custom financing solution with competitive, market-sensitive rental payments to meet the needs of your business.

Q: What happens at the end of the rental term?
A: You can continue to rent this by renewing your leasing arrangement, or return the equipment or buy it depending on the terms on conditions

Q: What are the benefits of leasing as opposed to buying?
A: Leasing equipment or assets frees up that capital for other business needs and quite often has significant tax advantages. Additionally, it gives you the flexibility for regular equipment upgrades which means you benefit from the latest equipment and technology. Technology-based equipment eventually becomes out of date and incompatible with new technologies. When the equipment is owned by the business, they have no choice but to take on this risk themselves. With rental, however, the risk can be transferred to us

Q: Should I rent or buy this equipment?
A: It is best to speak to your financial adviser regarding the best option. However renting or leasing gives you a distinct advantage to free up your capital. Renting provides a cash flow-friendly way of obtaining the latest equipment without tying up capital, so you or your client can use funds elsewhere to really benefit your business. We can also provide the option of financing their current equipment through a sale and leaseback arrangement, helping release invested capital.

Q: What is your turnaround time for loans?
A: From the time all the requested information is provided to us, we assure you of a response within 48 hours. The actual approval time depends on how accurately the application form has been filled out and also what support documents have been provided.

Q: What types of documents do you need to process my loan?
A: Completed application form, Asset & Liabilities statement, Signed Privacy & Credit Check Authorisation form, Schedule of current financial commitment

Q: Can I add to my rental /leasing portfolio during the term?
A: Yes, minimal additional documentation is required but it can be done to end at the same time as the initial term or later.