Finance Lease Calculator

Your Guide to Understanding Business Asset Finance

How This Lease Calculator Provides Financial Clarity

Think of this tool as your business planning partner. It gives you a clear, reliable estimate of your monthly payments so you can budget with confidence. A lender determines your final interest rate and loan term, and our process is designed to match you with the right one for your business.

Calculator Tips to Help Plan Your Lease Term:

• Residual Value:  Including a final balloon payment, also known as a residual value, can lower your regular monthly payments and overall costs.
• Loan Term:  A longer term provides smaller, more manageable repayments. A shorter term helps you build equity in the asset faster.
• Business Use:  The greater the business use of your asset, the more potential you have for tax deductible benefits on your finance lease.

Key Facts About a Business Equipment Lease

What is a Finance Lease?

A finance lease, or capital lease, is a form of asset finance used by businesses for asset acquisition without a large upfront purchase. Here’s how equipment leasing works: a lender purchases the asset on your behalf, and you have a rental from them for a fixed period. You get exclusive use of the asset in exchange for fixed repayments. While the lender legally owns the car or vehicle, you are responsible for its maintenance. At the end of the term, you can purchase the asset for its pre-agreed residual value.

What are the Lease Benefits for My Business?

A finance lease offers several key advantages for predictable budgeting and business growth funding:

• Improved Cash Flow Management:  Acquire essential business assets now with no large initial capital outlay, keeping cash available for operations.
• Predictable Budgeting:  Your fixed repayments are set for the entire term, making it easy to budget and manage expenses.
• Potential Tax Advantages:  Lease payments are often a tax deductible expense. We always recommend speaking with your accountant to confirm.
• Upgrade Equipment Easily:  Access modern equipment now and upgrade to the latest technology at the end of your lease, keeping your business competitive.

What Can I Use a Finance Lease For?

A finance lease is versatile and can be used for a wide range of business assets, including:

• Vehicle Finance : For commercial vehicles like cars, utes, vans, and a whole fleet of heavy trucks. A car lease is a popular option for any business.
• Industrial Equipment & Construction Machinery:  For excavators, forklifts, and manufacturing tools.
• Technology Finance & Office Fitouts:  For computers, servers, and complete office furniture setups.
• Medical Equipment:  For specialised tools used in dental, medical, or other professional practices.

How Do I Get Approved for a Finance Lease?

We guide you through a simple lender matching process designed to find a suitable business loan or finance option.

1. Provide Your Details:  Start by providing basic business information, including your ABN. This initial step is a preliminary check and will not impact your credit score.
2. AI-Powered Lender Matching:  Our LendIQ™ technology then analyses your profile against the policies of over 80 Australian lenders to help find a high approval rate.
3. Review Your Finance Options:  A member of our team will then call you to discuss the best matches we have found. This is a no-obligation conversation where we answer all your questions about your finance lease.