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Equipment Finance Lease | Machinery Leasing

6 Jul Today's
best rate
Finance Equipment From
5.49 %
*The Interest Rate is calculated on a Secured Loan for business use, effective 06/07/2022 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Jade offers equipment lease facilities at extremely attractive interest rates for the purchase of all types of business equipment. Asset Lease is a commercial loan product where the borrower has full use of the equipment throughout the term of the loan while the lender retains ownership. The lender effectively purchases the plant or machinery and leases it to you for the term of the lease.

When you, the borrower, finalise all payments including the residual, you purchase the equipment from the lender and acquire full ownership.

The key benefit of this type of financing is in improving the borrowing company’s balance sheet. The asset remains on the lender’s balance sheet rather than appearing on the borrower’s balance sheet as an asset/liability. Your Jade Equipment Finance consultant can explain the details of Asset Leasing, however, we advise you always seek specific advice from your accountant.

Equipment Asset Leasing Key Features

  • Asset Lease deals are all structured with Jade’s trademark better interest rates.
  • The entire purchase price of the equipment is included in the lease.
  • No deposit is required by the lender, conserving your existing cash reserves.
  • Fixed interest rate for the full term of the asset lease.
  • Fixed loan term. Your Jade consultant will discuss the optimum loan term to suit your business objectives.
  • Lease terms from 12 months/1 year up to 84 months/7 years
  • Fixed monthly repayments. Your Jade consultant will negotiate with the lender to ensure an affordable repayment level based on your budget.
  • Monthly lease payments and residual payments are tax deductible, as determined by the Australian Taxation Office. 
  • Fixed residual  amount, payable at the completion of the asset lease term.
  • GST on the full purchase price is claimed by lender, as they are effectively purchasing the equipment.
  • As the lender can claim back the GST, the amount financed in the lease is the equipment purchase price ex GST. 
  • GST on the monthly lease payments and residual (when paid) is claimed by the borrower.
  • The monthly lease payment appears on your (the borrower) balance sheet as an operating expenditure rather than having the full price of the equipment as an asset/liability.
  • After paying the term of the monthly lease payments, the residual is finalised and the ownership of the equipment is transferred to the borrower.

Equipment Lease Calculator - Need an idea on repayments - Use our calculator

Finalising the Asset Lease

When you come to the final monthly payment of your asset lease, it is time to consider how you will pay-out the residual. The amount will obviously depend on the initial purchase price of the equipment and be in line with the required ATO residual Value Guidelines.

Your Jade Equipment Finance consultant will present you with these options:-

  • Paying the residual from you current cash flow.
  • Selling the equipment and replacing with new equipment.
  • Re-financing the residual with a new asset lease, chattel mortgage or commercial hire purchase loan package.

Once you have finalised the residual in cash or through a new finance deal, you take ownership of the equipment.

Asset Leasing is available to businesses of all sizes for the purchase of a wide range of equipment.

Speak with a Jade Equipment Finance Consultant to discuss an Asset Lease for your proposed equipment purchase. Call 1300 000 003

EquipmentLease Calculator

Making use of this online free calculator is based on the person's awareness as well as undertaking that the outcome presented does not illustrate a finance quote; it does not mean an application for any type of financing has actually been lodged; it is not an indicator that any kind of funding application has been approved. The formatting of this online calculator does not take into account specific details concerning any type of particular personal financing application or any loan provider fees and also charges. It is formatted to provide a general result based upon general details as well as values only.
After lodging a formal finance application, the quote and also payment totals that you may likely be supplied may differ from the loan quote determined by this Calculator.
The tool is not suitable for computations on funding that are developed on a passion only basis. The format is totally established to compound the calculated interest rate for a set amount of time based on the amounts input by the user.
The calculator is not intended as a device for financial decision making. Users that call for financial advice should seek an expert monetary consultant in regard to their circumstances. To make an application for lending and also get a quote based upon your individual requirements, the user should speak to Jade and also have their specific application assessed by among our Jade professionals.

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