Are you looking for a financing solution that can help you upgrade your truck regularly? Easy Truck Loans presents Rent To Own Truck Finance – a perfect option for businesses that require flexibility and a hassle-free solution for their truck financing needs.
Key Features and Benefits of Truck Rental Finance:
- Fixed Repayments – With Rent To Own Truck Finance, you can enjoy the peace of mind of having a fixed monthly or weekly repayments. This helps you plan your finances more effectively and eliminates the risk of unexpected increases in loan interest rates.
- Fixed Term of Rental or Operating Lease – The rental or operating lease period of your truck is fixed, giving you the certainty of knowing the exact end date of your rental agreement. This helps you make informed decisions about your truck financing needs in the future.
- Flexible Terms of Up to 5 Years – The rental or operating lease period of your truck can be flexible, usually determined by the working operating life of the vehicle. This means that you can choose a rental period that best suits your business needs, without having to worry about being locked into a long-term commitment.
- Off-Balance Sheet Item – Your truck rental finance agreement is classified as an off-balance sheet item. This means that the repayments are recorded as expenses, but the asset is not recorded as a liability on the balance sheet. This improves the balance sheet of your business and makes it a more attractive option for lenders.
- Tax Deductible Repayments – The repayments for your truck rental finance agreement could be 100% tax deductible as a business cost. This helps you save money on your tax bill, making truck rental finance a cost-effective solution for your business.
- GST Claims on Monthly Rental Payments – You might be able to claim GST on the monthly rental payments for your truck. This helps you save even more money on your tax bill, making truck rental finance an even more cost-effective solution for your business.
- Upgrades Made Easy – At the end of the rental period, the lender retains ownership of the truck. This provides you with the opportunity to upgrade to a new truck without having to worry about disposing of the existing vehicle. You also have the opportunity to negotiate a purchase price with the lender to buy the truck at the end of the rental agreement period.
Is Truck Rental Finance Right for You?
Truck rental finance can be a very effective solution for many businesses. However, we advise that you consult with your accountant to make an informed decision. Your Easy Truck Loans consultant is available to discuss the various truck finance products in plain English to help you understand the best solution for your business.
Call Us to Find Out More
Don’t hesitate to call us to find out if truck rental finance is the right financing solution for your business. Our team of experts is here to help and answer any questions you may have. Get in touch with us today!