Rent To Own Commercial Vehicle Finance Easy Commercial Vehicle Loans arrange rental finance for customers who need to upgrade their vehicles regularly, including trucks, trailers, vans, Utes, heavy equipment, and yellow goods. This finance option offers a number of key benefits and advantages for these businesses. A commercial vehicle rental agreement or operating lease allows the customer to use the vehicle without having to bear the extra burden of actual ownership. The ownership remains with the lender until a future point where the customer can choose to purchase the vehicle or return it to the lender.
Key Features and Benefits of Commercial Vehicle Rental Finance
- Option of monthly or weekly repayments
- Flexible term of up to 5 years, usually determined by the working operating life of the vehicle
- Classified as an off-balance sheet item: repayments are recorded as expenses but the asset is not recorded as a liability on the balance sheet, improving the customer’s balance sheet
- Repayments could be 100% tax deductible as a business cost
- GST may be claimed on the monthly rental payments
- At the end of the rental term, the lender retains ownership (with most lenders), providing the customer with the opportunity to upgrade to a new vehicle without the hassle of disposing of the existing one
- Opportunity to negotiate a purchase price with the lender to buy the vehicle at the end of the rental agreement period
Rent To Own Options for Commercial Vehicles Available With Easy Commercial Vehicle Loans Commercial vehicle rent to own can be a very effective finance option for many businesses, and it’s recommended to consult with an accountant to make an informed decision. An Easy Commercial Vehicle Loans consultant is available to discuss the various commercial vehicle finance products in plain language with the customer.
Is Commercial Vehicle Rental the right financing solution for you? Contact us to find out.