Car Leasing Calculator

This service is simple and easy, all you do is Search, Compare and Select the best Car Leasing quote from the best banks and finance providers in Australia. And best of all, we give you access to real instant finance quotes that are based on finance type, vehicle age, term and financed amount. In fact, its as real as it gets online!

Car Leasing Calculator

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Car Leasing

What is Car Leasing?

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Car Leasing is a rental agreement where the finance provider purchases the motor vehicle on behalf of the customer who in turn pays the financier a fixed monthly rental amount for the term of the car lease. Car Leasing is also known as a vehicle lease, asset lease or auto lease.

How does Car Leasing work?

The lessor obtains legal ownership of the motor vehicle to be leased, by paying the amount advised on the (vendor’s) suppliers invoice. The lessee then has the use of the car and pays rent for that use for the term of the finance lease contract. During the term of the car lease agreement, the lessee just pays rent and does not obtain ownership of the car they are leasing. Running costs, car insurance and registration fees are the responsibilities of the lessee. All leases have a residual value payable at the end of the term of the contract. This residual is agreed on prior to the commencement of the lease. This is an estimate of the value of the motor vehicle at the end of the term of the lease and is expressed as a percentage of the original purchase price.

Car Leasing Benefits

  • You dont tie up your cash and can use this money to invest in the development of your company
  • Car Leasing payments are fixed for the term of the lease
  • No deposit is required
  • A residual is applied to the lease structure which reduces monthly repayments
  • Car leasing monthly repayment may be 100% tax deductable
  • GST will be charged on your monthly payments, however it can be claimed back on your BAS
  • GST on the purchase price of the vehicle is claimed back by the finance provider on your behalf. This lowers the amount being financed, which reduces monthly repayments