This finance option is a contract through which a person or organization rents an asset for use in a business from its owner for an agreed amount.

 

You choose the vehicle and options required (in accordance to your company vehicle policy), you decide how long you would like to use it and how many kilometers you will travel during that time. This information determines the amount of your monthly lease payments.

 

Included in a fully Maintained Operating Lease:

 

• Finance
• Maintenance
• Registration (initial & ongoing)
• Tyres (optional)
• Insurance (optional)
• Caltex Fuel Card (optional)
• Accident Management (optional)
• Driver Training (optional)

 

By including as much as you require in your lease rental you take out the cash flow peaks and troughs that comes with financial risk of unexpected vehicle expenses like maintenance & tyre bills along with annual registration and insurance renewals.

 

 

Advantages for your business:

Lease payments are 100% tax deductible on vehicles used for business purposes
No residual risk – simply hand back the vehicle at the end of lease*
Easy to budget – a fixed cost every month smoothes cash flow
Saves administration time – no maintenance invoice or cheques to write
Control over vehicle expenditure, maintenance /tyres paid for you

 

* Vehicle must be returned with what is considered fair wear and tear.