Operating Lease
Description of Product
Operating Lease can be obtained through Ford Leasing and is the most suitable product for your business if you need to turnover your fleet on a more regular basis. With an Operating Lease there is no risk associated with ownership and no residual liability as you just hand back the vehicle at the end of the agreement (subject to 'fair wear and tear' guidelines.)

Features

• Immediate use of the vehicle with no capital outlay.

• Terms range from 12 to 60 months.

• All registration costs, on-road costs and a full maintenance contract can be included in your agreement.

• Lease rentals will be fully tax deductible if the vehicle is used to generate taxable income.

Benefits

• Lease payments are off-balance sheet which means there is an opportunity to improve gearing ratios.

• No residual risk at the end of the agreement and no need to worry about disposing of the vehicle at that time.

GST and other Stamp Duty
Operating Lease agreements are subject to GST which is payable on rentals from July 1 2000. Rentals are also subject to Stamp Duty and (if applicable) Financial Institutions Duty.


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