BUY OR LEASE - HOW DO YOU DECIDE?
Your first decision is whether you want to buy or lease. Most people wanting a car for private use choose to buy, but many businesses prefer to lease a car or fleet.
Why buy?
- You pay the vehicle or motorcycle loan over an agreed term and at the end of the term you own it. You then have an asset you can sell, trade-in or keep.
- You make your own decision on servicing and maintenance.
- Payment terms are flexible.
Find out MORE ON FINANCING here.
Why lease?
- No deposit is required.
- Monthly payments are fixed – making it easy for budgeting and administration.
- Capital can be used for other business expenses.
- Lease payments are tax-deductible for business vehicles (conditions apply).
- Businesses registered for GST can claim on the lease payments.
Find out MORE ON LEASING here.
