An Operating Lease is a rental agreement where the lessee agrees to lease a vehicle for a predetermined period and at the end of the term the vehicle is handed back to the leasing company. The lessee avoids the risks associated with ownership and has no residual value liability.
Fully maintained operating lease
Non-maintained operating lease
All operating costs are covered by single monthly payment made by the lessee to the leasing company under fully maintained operating lease.
Operating Costs include:
- Lease rental
- Servicing
- Maintenance
- Registration
- Accident management
- Tyres
- Management reporting
- All maintenance and administration costs are taken care of by the leasing company.
The lessee is responsible for all maintenance and other running costs of the vehicle under Non-maintained operating lease.
- Lease terms range from 12 – 60 month.
- A fixed monthly rental allowing easy and accurate budgeting.
- Operating cost can be included in one single payment.
- No capital outlay is required to fund the purchase of vehicles.
- Available on new and second hand vehicles.
- Vehicle lease rentals are usually fully tax deductable.
- The vehicle is funded externally and not shown on balance sheet.
To apply for or enquire about a Operating Lease please fill out our online finance enquiry form and one of our customer service representatives will be in contact with you or call 1300 3 FLEET (1300 335 338) today!
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As we are not tax advisors always seek independent advice from your Accountant.
