A Lease agreement for your staff
If you are an employer, this lease offers a "3 way" agreement between you the employer, your employee and Suncorp.
- You agree to make the rental payments on behalf of the employee during their employment.
- Your obligation to the agreement ceases when the employee leaves the company.
- You may be able to claim a tax deduction for Lease rentals and motor vehicle running costs. Ask your accountant for more information.
Employees can:
- Choose the vehicle and have unrestricted use
- Take the car with you when you change jobs
| Feature |
Description |
| Finance |
100% finance. |
| Term |
1 to 5 years terms available. |
| Residual |
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 |
Restricted to buying vehicles. |
| GST |
As you lease the equipment, it does attract GST. |
| Security |
Security is usually taken over the equipment that is financed, so your property is free for other lending. |
Fees
| Item |
Description |
| Establishment Fee |
$300.00 (minimum, this price includes GST). |
Other fees and government charges associated with each Lease Agreement 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.
