A Lease lets you choose equipment for your business without any ownership commitments. We finance 100% of the purchase price so you have no capital outlay.
You have:
- No ownership obligations - choose goods for your business and rent them for a set period
- Competitive fixed interest rate
- Repayments to suit your cash flow
| Feature |
Description |
| Finance |
Suncorp finances 100% of the equipment. |
| Term |
1 to 5 years. |
| Residual |
This is a lump sum payment based on the value of the equipment at the end of the Lease. The value is based on Australian Taxation Guidelines and agreed when the contract was signed. |
| Equipment |
Suncorp can finance a range of equipment requirements for your business, including specialist equipment and business vehicles. We can also provide finance for vehicles whose value exceeds the Luxury Car threshold. |
| Progressive drawdown |
This is ideal for large specialist equipment needing progressive payments. During the initial set up period rental is based on a percentage of funds being drawndown until the final drawdown payment is made. Then it converts to a standard Lease Rent Agreement. For more information, please contact your Equipment Finance specialist on 1300 65 11 25. |
| GST |
This product attracts GST. |
| Security |
Security is usually taken over the equipment that is financed, so your property is free for other types of lending. |
Fees
| Item |
Description |
| Establishment Fees |
$300.00 (minimum, this price includes GST) |
| Other fees and government charges associated with each Lease will vary depending on the state you are in, the vendor of the goods being purchased, the amount of finance involved, and any Federal government charges. |
Please contact your Equipment Finance Specialist on 1300 65 11 25 for more information. |
Important Information
Equipment Finance products are offered by Suncorp Metway Advances Corporation Pty Ltd ABN 89 100 845 127. The above information is for approved applicants only and subject to terms and conditions. For a copy of the terms and conditions please call 1300 65 11 25.
This is not business, financial, legal or taxation (including GST) advice. Get independent advice on how the Asset Purchase might impact your business, financial, legal or taxation position.
