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Access Expert Services for Rent-to-Own Truck Loans
As specialists in commercial heavy duty vehicle lending, we provide operators with expert brokers services to secure cost-effective vehicle rental or operating leases. This is a credit facility which offers many enterprises a flexible option for acquiring heavy vehicles. With our vast coverage of the lending market and leverage with our lenders, we assist operators to source the right lender, lower rates and most workable solution for this off-balance sheet credit facility.
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Compare Business Finance Rent-to-Own Truck Finance Rates
Operating Lease typically attracts a higher rate than other credit facilities due to the format of this form of funding. With our vast market coverage we have the resources to secure lower rates across all types of vehicle funding. Rates will vary for individual applicants, but our latest rates can be used as a guide and to compare credit options and vehicles for planning and decision-making purposes. For an exact quote based on your application and requirements, contact us and speak with one of our brokers.
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Disclaimer: * The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true 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.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true 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.
What is Rent-to-Own Truck Financing?
Contrary to the name, this facility is not used for hiring or vehicle rental but is a credit product for the acquisition of heavy vehicles. The end result at the end of the term is for the enterprise to own the vehicles. Similar to Leasing in some features, this is referred to as an ‘off-balance sheet’ funding product. Why? Because the vehicle is not entered into books – balance sheet, of the enterprise buying the vehicle during the funding term. Ownership is held by the lender over that period and as such, the asset is posted to the balance sheet of the lender.
In technical terms, the vehicle is purchased by the lender and is ‘rented’ to the customer. The buyer pays the lender a rental fee each month which is effectively a funding repayments. When all the monthly payments are finalised along with the buy back figure, the vehicle ownership transfers to the enterprise.
The monthly payments are fully tax deductible. GST is charged on the payments and entities registered for GST can claim this on the appropriate BAS return. This facility is compatible with the accruals accounting method.
This format can be of benefit to many enterprises as a significant asset – the vehicle, is not listed in their books. Effectively improving the balance sheet. This may be desirable for a range of reasons and by a range of different types of entities.
When securing offers for our clients, we secure a fixed rate of interest and a fixed term which are individually negotiated to deliver a fixed schedule of monthly payments to meet cash flow requirements. Operating Lease can suit heavy-duty, medium-duty and light-duty vehicles of all sizes and configurations and all types of fuel systems.
- Rent-to-Own Truck Finance also known as Operating Lease.
- Tax deductible Rent-to-Buy Truck payments.
- Fixed rates, fixed terms, fixed monthly payments.
- Heavy, medium, light duty Rent-to-Buy Truck Loans.
- Rent-to-Own Electric Vehicle Finance.
Using Our Services for Rent-to-Buy Truck Financing Solutions
Utilising our specialist broker services provides operators with an efficient, streamlined way to achieve individually sourced and negotiated vehicle funding solutions. All types of operations in all industries throughout Australia can utilise our services with direct contact. We specialise in heavy vehicle funding and handle the entire process on behalf of clients.
Our brokers understand financials, are across the latest tax rulings and have sharp negotiating skills to deliver outcomes that are targeted to specific client objectives. Clients are assigned their own broker to ensure direct and consistent channels of communication and efficient service delivery.
Whether a new operator or a veteran in your field, all entities can utilise our services – large companies, SMEs, sole traders, self-employed operators and family enterprises.
- Australian owned, operated and based broker service.
- 20+ years in the commercial lending sector.
- Specialist Rent-to-Buy Truck Loan services.
- Australia-wide services.
- Tax optimised solutions, tailored outcomes.
- FBAA Member, Licensed Credit Provider.
Get Connections with Rent-to-Buy Truck Finance Specialist Lenders
The vast commercial vehicle lending market can present challenges for operators to connect with a lender that best suits their profile, their set-up and their credit requirements. We overcome that challenge with our comprehensive vehicle broker services. We have more than 80 lender accreditations and the smart technology to quickly match each client with the right lender.
Connecting with the right lender can make the difference between rate offers, achieving workable credit terms and in the long run, achieving individual objectives for the operation. The criteria for approval and guidelines for setting rates vary across the market. As specialists, we know the criteria or matrix that our lenders utilise. Facilitating the process of ensuring each of our clients secures the most suitable offer through the right lender.
- 80+ Lenders including specialist Rent-to-Buy Truck lenders.
- Connect with the right lender for lower rates, workable terms.
- Rent-to-Own Loans for heavy, medium, light duty vehicles.
Fast Rent-to-Own Truck Loan Approval
Operating at an industry-level with our lenders, our brokers are ideally placed to ensure vehicle credit applications are processed and approved quickly. 24 hour approval can be achieved for many applications. To apply for heavy vehicle credit, submit an application online or call and brief one of our brokers on your requirements.
FAQs
Rent-to-Own Truck Financing
Yes. Once all the scheduled payments and the buyback amount are finalised, the ownership of the vehicle is transferred from the lender to the borrower.
Yes. Monthly payments are treated as an operating expense by the ATO and are fully deductible.
No. GST registration is not a pre-requisite for eligibility for commercial credit products.
Credit facilities vary in regard to suitability to accounting method, balance sheet approach, tax treatment and other accounting measures. It is advisable for operators to discuss the options with an accountant in relation to their specific set-up and objectives.
Off balance sheet means that the asset being acquired is not listed in the balance sheet of the business buying the goods. The ownership of the vehicle is retained by the lender and as such the borrower does not post the asset/liability to their accounts books. The asset is ‘off’ the borrower’s balance sheet.
Yes. All commercial credit products are available to fund the purchase of electric vehicles.
To compare repayment estimates on commercial credit facilities, buyers can use an online credit calculator. Being mindful that the results obtained are estimates only and to be used as a guide only.
New operators can apply for all types of commercial credit. Where the operator does not have all the financials or does not meet all lender criteria, they may seek brokers and specialist lenders that offer No Doc and Low Doc options.
An online credit calculator does not include the fees and charges applied by lenders and do not differentiate the credit profile and application details of users. The results obtained with a calculator are rough estimates only. A quote can be at a higher amount than the calculator result.
Yes. Operators may apply for all types of commercial credit facilities to fund used vehicle purchases.
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Trusted by 60+ lenders Australia-wide
Trusted by 60+ lenders Australia-wide
