- Finance Lease, unlike Asset Finance, is an agreement whereby RIFL (the Lessor) have title to the asset ﬁnanced and you (the Lessee) make ﬁxed lease payments to use the asset. There is a pre‐determined residual value set, based on the estimated commercial value at the end of the term (and depreciation guidelines). Residual values can be re‐leased for a further period or payment made by the Lessee to the Lessor to own the asset.
- If you are registered for GST and the asset is used for business purposes than you can claim back the GST on every rental, as well as a tax deduction for the net rental. (Conﬁrm with your accountant).
- RIFL tailor ﬁnance leases to meet your cash ﬂow requirements. Tailoring includes payments in advance or arrears, seasonal (monthly, quarterly or yearly repayments) and/or periods of payment holidays when you are normally cash ﬂow stretched (e.g. November through January Christmas/New Year).
- RIFL also provide Master Lease Agreements for clients requiring multiple ongoing asset acquisitions. The Master Agreement provides for directors and guarantors to sign only once and their common seal aﬃxed only once. All ﬁnancing thereafter is undertaken through the execution of a one‐page schedule by an Authorised Signatory (appointed by the director/principals of your business) for all future requirements. This avoids onerous paperwork and the inconvenience of having directors and guarantors together every time you need to ﬁnance another asset.
Call us today: +(675) 323 5409
Lease Finance covers most asset classes including:
- Trucks and Transport
- Mining and Quarry
Effective use of your capital.