Rental / Operating Lease

  • No depreciating assets on your balance sheet
  • No capital outlay: easy on your cash flow
  • Payments are typically 100% tax-deductible
  • Flexible terms: 24-60 months
  • Simple & easy approval process

Rental (also known as an operating lease) is great for equipment that becomes obsolete fast. It’s a smart way to avoid being stuck with a product that has depreciated in value by the time you decide to replace it.

When you rent you are paying to use, rather than own the equipment. There’s no initial outlay, so you preserve your funds for rainy days or other investments. You can also deduct your repayments as operating costs.

Contract terms are fixed. At the end of the rental you have the option to buy the equipment at an agreed price, return it, renew your existing agreement, or start a new one with new products. You can also upgrade during the term of the agreement.

Get in touch for more information about renting with Thorn Business Finance.

Finance Lease

  • No capital outlay: easy on your cash flow
  • Payments are typically 100% tax-deductible
  • Flexible terms: 24-60 months
  • Certainty around end-of-term costs
  • Simple & easy approval process

A finance lease is where we purchase the goods for you as the financier, then you pay us for their use. You have the security of predictable monthly payments and a known residual (balloon) at the end of the term.

To find out more, get in touch or call us on
1800 623 611.

This agreement is a lot like rental, except you have certainty around the residual value at the end of the contract term. It’s a great option for products that don't depreciate too fast and have a longer life.

 

Commercial Hire Purchase

  • Depreciation and interest are tax deductible
  • Balloon and deposit options to decrease monthly payments
  • GST can be claimed back in full in first BAS
  • No capital outlay: easy on your cash flow
  • Flexible terms: 24-60 months
  • Simple & easy approval process

If you want ownership of your goods (for tax purposes) from the beginning of a contract, commercial hire purchase is a great option. Why? Because the depreciation and interest costs are tax-deductible. In addition, the GST can be claimed back in full in the first BAS of the term. It’s definitely worth asking your accountant to take you through the benefits in detail!

Here’s how it works: we buy the equipment for you and you make loan repayments, purchasing it from us bit by bit. You have full use of the equipment during the contract, and the actual ownership and title to the goods are transferred to your business once the final payment is made - which may include a balloon payment, if you wish. Another way to decrease your monthly instalments is to start with a deposit. The choice is yours!

We’re here to help. Contact us today on 1800 623 611.

 

Chattel Mortgage / Loan

  • No GST added to interest component of repayments
  • Depreciation and interest are tax-deductible
  • Balloon and deposit options to decrease monthly payments
  • No capital outlay: easy on your cash flow
  • Flexible terms: 24-60 months
  • Simple & easy approval process

With a chattel mortgage, you buy the equipment funded by a loan from us. We retain a charge over the equipment (much like a mortgage on a home) and you have full use of it over the term - it's yours. When your last repayment is made, we release the mortgage.

Ownership starts from the beginning of the contract, so you can deduct the depreciation of the goods, as well as the interest component of the payments. GST can also be claimed back in full in first BAS.

If you’d like to decrease your monthly instalments, you can use a balloon payment at the end, or a deposit at the start of the term.

Chattel mortgages are very similar to commercial hire purchases. Chat to your accountant about what’s right for you.

Speak to one of our finance experts today on 1800 623 611.

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