Tax-efficient, fixed-cost operating leases for vehicles, assets, and machinery makes sound financial sense for many Australian businesses - find out why.
Operating Lease for Business
An operating lease is a great option for businesses that don't want to invest huge amounts of capital in vehicles. All maintenance and running costs are included – which removes the need for fleet admin. With an operating lease, you basically pay to 'rent' an asset for an agreed period and then return it to the lessor (finance provider), so you hold none of the risks of ownership or eventual disposal. You get exclusive use of the car, but your business doesn't own the vehicle.
Flexible Commercial Car Finance
Savvy has access to a range of specialist operating lease providers – and the advantages of this type of agreement are many. The fixed-cost payments are tax-deductible for the entire term. Operating leases are shorter-term business car finance solutions – also used for other assets and equipment – and don't run for the whole service life, unlike with a finance lease. There's no residual risk, and when the term is finished, you just hand the vehicle back and upgrade to a new car.