Modern
Solutions
If you don’t wish to have the risks of owning an asset, but want the
use of an asset for a specific purpose, term or contract, then an operating
lease may be best for you.
Operating lease is most often used for motor vehicles but will also suit other
types of plant and equipment. In more recent years, the leasing of motor cars
for business or owners use has grown steadily.
Often it will be possible to include the maintenance of the asset as part
of the rental. You will have no worries about sourcing of assets, or their
disposal when you have finished with them – you just return the goods
to the leasing company in good order. Because of the buying power of the lease
companies, especially for motor vehicles, they can often source assets much
cheaper than you could.
Generally rentals are fully tax deductible for businesses and the liability
and asset are off balance sheet – but as always we recommend you seek
professional accounting advice to ensure you have the appropriate tax treatment.
Email us at talktocrediflex@crediflex.co.nz
or call us on 09 445 0002 to find out more.
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