| ownership |
|
|
|
| • at the end of the contract |
|
|
|
| • option to buy at the end of the contract |
|
|
|
| • residual value liability |
|
|
|
| goods |
|
|
|
| • can be new or used |
|
|
|
| • are recorded on your balance sheet |
|
|
|
| interest |
|
|
|
| • fixed rate for the full term of the contract |
|
|
|
| • calculated on GST-inclusive price |
|
|
|
| • calculated on GST-exclusive price |
|
|
|
| tax benefits for business |
|
|
|
| • interest and depreciation are deductible |
|
|
|
| • interest and principal are deductible |
|
|
|
| GST |
|
|
|
| • calculated on goods value |
|
|
|
| • maintenance plan optional |
|
|
|
| risk protection |
|
|
|
| • comprehensive (required) |
|
|
|
| • mechanical breakdown insurance (optional) |
|
|
|
| • payment waiver (optional) |
|
|
|
| term |
|
|
|
| • minimum-maximum |
1-60
months |
6-45
months |
46-48
months |