What are a Car Leases features and & benefits?
A Car Lease (Finance Lease) for a car or other passenger vehicle has a number of key benefits: • Wide variety of residual value (balloon value) options • Choice of terms (loan lengths) ranging from 24 to 60 months (two to five years) • Tax deductions may be available when the car is used for business purposes • No GST on the purchase of the car, as the GST is claimed back as ITCs by the financier • A Car Lease is secured finance, which allows lower interest rates Additionally, a Car Lease through mycarlease.com.au has the follow extra benefits (subject to lender selection): • No payout penalties or retained interest, giving you the flexibility to change cars whenever you want without it costing you extra money • No ongoing fees • Ability to make extra repayments without penalty • Fixed interest rate, so monthly repayments are fixed for the life of the loan • Ability to make advance lease payments for tax or cash-flow purposes • Online quotes and online approvals Please note that this i
