Also known as Asset Finance, equipment finance or just finance, lease finance tends to be the best way to get what you want faster than ever.
At Port Finance we offer 4 main lease finance products:
- Hire Purchase – This product allows for a client to hire the equipment he needs until the last payment is made at which point the ownership is transferred to him. Here both interest and depreciation is tax deductible.
- Chattel Mortgages – In this type of lease finance the customer owns the asset from the beginning. Then the lender will take charge of the asset.
- Finance Lease – Here the asset is owned by a lender but the client is the lease holder of the asset without ownership. The rental payments are also tax deductible but not the asset’s depreciation as the asset is not owned but simply leased.
- Novated Lease – Here the owner owns the asset and receives rental payments by the employer of the asset possessor. Here the rental payments are tax deductible.
The terms for all the of the above products is 5 years.