Car Lease
This is a form of finance where the vehicle is effectually owned by the lessor (or financier) and the user rents it for an agreed period of time. The lease reflects on the user’s balance sheet as an asset carrying corresponding liability. At Financing & Co, we follow best finance lease practices to ensure that you can avail all the perks of owning a vehicle without having to worry about the usual downsides associated with this form of financing. You use the vehicle taken on finance lease for agreed period and pay fixed rentals in return. At the end of the lease period, we sell the asset and share a portion of proceeds with you. Key benefits of our finance lease services are:
- Flexible payment options
- Reduced upfront costs
- Tax savings, as you don’t need to pay GST on the purchase of the care.
- Lower interest rates
- Loan repayment durations ranging from 24 to 60 months
- Wide array of options in relations to residual value (balloon value) of the vehicle