Ausloans Car Lease Finance

Leasing a car is like renting. It's a simple contract where you agree to rent the vehicle for a specified amount of time at a fixed monthly rental fee. With leasing you don't own the vehicle so can't sell it or modify it in any way, even if it is for business purposes.  Also there may be restrictions on the amount of Km you can drive in any given year. 

Buying a car involves paying for the vehicle outright. The easiest way to do this is to apply for a car loan  As you own the vehicle you are free to You are then free to use the vehicle as you wish, as well as sell it

Car leases generally have lease terms of between 2 and 5 years.  Different lenders offer different terms based on customer profiles. At Ausloans we have over 40 lenders and can find you a lease agreement term to suit your needs and budget. 

Just like applying for a car loan, when applying for a car lease  you will need to provide and confirm your contact details, address, business ABN or employment details and a breakdown of your regular expenses. 

For businesses you will be required to submit your BAS statements to demonstrate you have the business income and cashflow to service the lease agreement. 

A deposit is not required to obtain a car lease. However some lenders may require you to pay a few months of lease payments in advance at the start of the agreement. 

The simple answer is yes. Low-doc car leasing options are available for new businesses with limited tax records or BAS statements.  

When you lease a car you don't actually own it. The lender owns the car and will pay the GST on the purchase price of the vehicle. This is one of the advantages of leasing. 

As GST is not added to the cost of the vehicle lease your monthly car lease payments are calculated on the price of the vehicle minus the GST.  This helps reduce  the monthly lease payments in comparison to a traditional car loan