Finance Lease
Lease assets with the option to keep them at the end of the agreement, often with a residual value balloon.
Key Features
- Rent the asset for an agreed period
- Option to extend or purchase at end
- Residual value balloon possible
- Tax-deductible rentals
Use Cases
- Vehicles and fleet
- Machinery
- Technology that depreciates
Eligibility Criteria
Documents commonly requested
- Recent business bank statements
- Latest filed accounts and current management information
- Identification and business ownership information
- Evidence supporting the funding purpose
- Property, asset, invoice or contract information where relevant
The exact list depends on the facility and lender. Documents are requested only when relevant to the application.
Important considerations
- Compare the total cost, not only the headline rate
- Understand arrangement, valuation, legal and exit fees where applicable
- Check how repayments affect business cashflow
- Review security, debenture and personal-guarantee requirements
- Consider early repayment and default provisions before signing
Estimate potential costs
Use the asset finance calculator freely before deciding whether to make an enquiry. Results are indicative and are not an offer of finance.
How it works
- Tell us about your funding need
- We compare the whole-of-market lender network
- Receive competitive offers tailored to you
- We manage the application to completion
Why use FinanceMyCompany?
- Whole-of-market lender access
- Transparent, fee-clear advice
- Dedicated finance specialist
- Fast, straightforward process
Finance Lease — Frequently Asked Questions
Can I keep the asset at the end?
You can typically extend the lease, return the asset, or sell it with a rebate of sale proceeds.
Ready to explore finance lease?
Speak to a specialist and get tailored options from our whole-of-market lender network.
Apply NowRelated asset & equipment finance
Asset Finance
Spread the cost of eligible business assets over an agreed term using an appropriate ownership or leasing structure.
Asset Refinance
Raise capital against eligible assets already owned by the business, subject to valuation and lender assessment.
Sale and Leaseback
Sell an eligible business asset to a funder and lease it back for continued use under agreed terms.