What is a Finance Lease?

Finance Lease is a form of rental agreement under which you lease your vehicle for an agreed term and rental amount. A residual value is set to reflect the vehicle's value at the end of the lease.

Residual values are set according to the ATO minimum requirements. These are displayed in the table below.

The finance company retains ownership of the goods, but the lease rentals are tax deductible to you, as long as the goods are used in connection with producing assessable income.
At the end of the Lease you can make an offer to purchase the equipment from the finance company, trade it in on a replacement, return it, or extend the lease for a further term.

What type of cars can be leased?

You can lease any type of new or used passenger or light commercial motor vehicle. We source all the quotes for you on all makes and models.

How long can I take the lease out for?

We consider all the factors that will influence your decision on how long you wish to lease the vehicle. Tailored terms are anywhere between 12-60 months. Choice of vehicle and utilisation are two key factors in determining the term. The optimum can save you money and have you moving into new vehicles more frequently.  

Service packages and options

Registration

A vehicle under a finance lease is registered to Easy Auto Leasing. We automatically pay the annual renewal  then forward the registration label onto you.

Scheduled service, maintenance and tyres

You have the option to include all your service and maintenance costs, when these are included, we manage and authorised these through the service providers. This option means all your service and maintenance costs are capped for the term of the lease.

The allowance for tyres is based on the number of kilometres you have nominated to travel and manufacturers ’ recommendations.

Roadside Assistance

This service is available 24 hours, 7 days a week directly through the manufacturers roadside assistance program where applicable or RACV. A RACV membership card is provided either at the time of delivery or when the manufacturers’ roadside assistance expires.

Insurance

As part of the terms and conditions of the finance lease, your car must be comprehensively insured at all times. If you wish Easy Auto Leasing could include comprehensive insurance as part of the lease rental (conditions apply, please speak to a PAL Consultant).

Process Overview

1. Select the car you want to lease and contact Easy Auto Leasing for a quote. You will receive your quote within 2 business days.

2. Accept your quote, complete the appropriate forms and send them back to Easy Auto Leasing. We will then conduct a credit assessment.

3. Your car will be ordered within 3 business days of your lease being approved. We will email you with the proposed delivery date and forward any relevant documents to you for completion.

4.  Delivery Upon delivery the driver is familiarised with the vehicle and given a Driver Guide with useful information and contact numbers.

5. Keep track. We will monitor your usage and check  to ensure you are tracking according to the term.

6. Service and maintain your car without any hassles (if included in your lease), simply book the vehicle in at a service centre most convenient to you. We will authorise the service centre to proceed with the work required and send us the account for payment.

7. Options at the end of your lease.

• Easy Auto Leasing will contact you prior to the lease expiry to determine your requirements.
• You may offer to purchase the vehicle from the Easy Auto Leasing, trade it in on a replacement, return it, or extend the lease for a further term.