Equipment Finance
LeaseWorks Australia offers a complete range of finance options, for businesses wanting to finance their plant and euipment such as, computers , photocopiers , security systems , office fit outs , telephone systems , excavators , bulldozers , lathes , prime movers, medical equipment , gaming machines / poker machines , cars , trucks , buses , forklifts , cranes , earthmoving equipment , printing , manufacturing , heavy plant and equipment and other items.
LeaseWorks Australia offers a complete range of finance options, for businesses wanting to finance their plant and euipment such as, computers , photocopiers , security systems , office fit outs , telephone systems , excavators , bulldozers , lathes , prime movers, medical equipment , gaming machines / poker machines , cars , trucks , buses , forklifts , cranes , earthmoving equipment , printing , manufacturing , heavy plant and equipment and other items.
Our work begins with an analysis of your needs, after which we guide you through the process of acquiring the right finance package. We aim to understand your business, to ensure you receive the optimum finance facility. Together we work to structure the appropriate product for you taking into account:
- Technology Technology obsolescence
- Budgetary Budgetary and cash flow issues
- Tax Issues Relevant tax issues
At LeaseWorks we will tailor the right solution for your business, taking into account risk, business structure, tax and cashflow requirements.
The major reasons why you should consider finance are :
No Capital Outlay
The finance option requires no initial capital expenditure. By conserving capital, financing can enable funds to be better utilised in the running of the business and can also free-up capital for investment purposes. Financing options require only a monthly outlay rather than a major dollar outlay. Financing can also provide an extra source of credit that leaves existing lines of credit unaffected.
Flexible To Suit your Needs
Financing can usually be catered to your specific needs whether it is via lease, rental or hire purchase. Structured payments can also be organised, for example paying quarterly, half yearly, annually or up front payments. The budgeting process is also simplified as financing guarantees a fixed payment for a specified term.
Tax And Accounting Benefits
As long as the equipment is used for business purposes, tax deductions are available. Under a hire purchase, the depreciation of the equipment and the interest component of the agreement are tax deductible. Under a lease and rental, the monthly installments are tax deductible.As rentals are treated as an operating expense, they may qualify as off balance sheet financing. This results in avoiding the equity accounting calculations that are applicable to other forms of finance.
Multiple Options At End Of Term (Rental Option)
Subject to the terms and conditions of the rental agreement, at the end of the rental term you may choose from various options such as:
- Upgrade the equipment
- Extend the rental contract to rent the equipment at a discounted rate over a nominated term.
- Continue to rent the equipment on a month-to-month basis.
- Offer to purchase the equipment for fair market value.
- Return the equipment with no residual obligation.
Inflation Protection
If you choose to purchase the equipment, you would outlay the full cost of equipment at today’s dollar value. Over the life of the equipment, a portion of this cash outlay is “recovered” by depreciation. As a result of inflation, the dollars recovered through depreciation are continually decreasing in value.
Avoid Costs Of Ownership
The rental option allows you to acquire the equipment without incurring the costs of ownership. As Alliance Equipment Finance is the owner of the equipment, we assume the risk of obsolescence. You need not worry about trying to re-sell old equipment. Some clients find themselves effectively becoming a second-hand equipment dealer when up-grading. The rental option avoids the time consuming costs of attempting to recover lost values.
Quick and Easy
Let us at LeaseWorks do the hard work for you. See how quick and easy it is- just send us a quick equipment finance enquiry or call us on 1300 390 979