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Use the rental calculator to find out the rental cost of your selected coffee machine. We use 24 month, 36 month and 48 month rental options to suit your needs
Finance Options - Leasing vs Renting
What is a Leasing Agreement?
A leasing agreement is also called a finance lease where the financier owns the equipment till the final installment and residual amount are paid. Ownership is then transferred to the lessee.
Normally there is a residual value, calculated as a percentage of the original purchase price, and which must be paid to the financier at the expiration of the term.
With a finance lease, the purchase price is treated as a capital purchase and depreciated over the life of the asset. GST and stamp duty are payable with each installment and the interest cost is treated as an expense. Lease payments are usually treated as a deductible business expenses.
Benefits of Leasing
Some of the benefits are:
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it can be a tax effective way to get the necessary equipment you need now,
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payments are 100% tax deductible,
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the lease payments can structured to suit your cash flow,
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the provision of a Residual Value allows for reduced rental payments to be made during the term of the agreement,
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that it can be an excellent way to preserve much needed working capital and spread the cost of your equipment purchases over the useful term of the life of the equipment.
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