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Types of Asset Finance
Finance Lease
A Finance Lease is a tax effective strategy available to businesses to finance the purchase of eligible plant and equipment, vehicles and assets that are used predominantly for business purpose or to produce income. It is essentially a rental agreement where the financier legally owns the equipment and you lease it for an agreed term. The key benefit of a finance lease is that it doesn’t tie up large amounts of capital.
Benefits:
- No initial capital outlay required
- Choose your own supplier and negotiate a price independently
- You own the goods
- If you want to lease the equipment or vehicle and use it predominantly for business purpose, a Finance Lease may suit your needs.
Make an appointment to see an Iden Money Loan Consultant.
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