A Low Doc Lease Is Basically The Same Product As A Finance Lease
Low Doc Leasing is a type of hire agreement under which you lease an asset for an agreed period and rental. A residual value is set upfront to reflect the assets value at the end of the term. Low Doc leasing approval on any small office equipment, heavy commercial equipment or standard car leasing
If you are trying to figure out which finance product is right for you, then it can be confusing. In fact, we recommend discussing your situation with your tax professional. However, to simplify your decision process we outline the choices available to you on nonconformingloans.com.au Lease products fall into a number of categories as either a finance lease, Commercial Hire Purchase, Novated Lease or operating lease. They differ in the way they treat ownership, disposal and residual risk on the vehicle. Hire purchase options are available and function in a similar fashion to a loan to purchase an asset.
In order to decide on the most appropriate type of finance you first need to consider whether you: - wish to own the asset at the end of the lease period?, use the asset for business purposes more than 50% of the time?, how long do you intend to keep the vehicle and how many kilometres will you travel?, want or need to show the asset on the company balance sheet? In such cases, dealing with the Australian Mortgage Centre, your equipment and car leasing loan specialists who, will understand your personal financial situation and commercial business loan requirements.
A Low Doc commercial rental program, allowing for, the purchase of acceptable assets in most circumstances, with NO deposit for purchases from $5,000.00 - $25,000.00. Terms of up to 60 months are available for NEW and USED (considered acceptable asset type, age and condition) and used on a day to day basis within the clients current business model.
This program is ideal for the purchase of business assets when cash flow is tight and in most cases the repayments will be 100% tax deductible. Rental or Operating Lease is available to both company & individuals providing the goods are to be used predominantly for business use. Low doc lease features refer to what is a finance lease for the features of this product.
by: non conforming loans