Leases, Loans, Commercial hire purchase and Chattel Mortgage
ProMed’s way of financing is unique. It is unique because we will coordinate and structure the various forms of finance you require and it will be customised to fit your desired financial objectives
ProMed is skilled in providing various forms of loans, leases, commercial hire purchase and chattel mortgage such as:
- Finance leases – where the financier buys the equipment and leases it to you in return for agreed regular lease payments, which can be tax-deductible to the extent the equipment or vehicle is used for business.
- Commercial Hire and Asset Purchase – these are contracts that enable commercial users to purchase goods by means of repayment with guaranteed ownership.
- Operating lease/ rental – a simple rental agreement – you avoid the risks associated with the ownership and have no residual value liability.
- Novated lease – an agreement between an employee, the employer, and the financier, where the obligations to meet the repayments under the finance lease is with the employer.
- Chattel mortgage – like a loan facility, you own the asset, but the financier takes security over the asset until the contract is paid in full.
At ProMed we believe it critical to ensure all of your loans and leases are established with consideration of income tax and goods and services tax (GST). It is essential to consult one of our accountants before entering into any lease.
CALL US ON 1800 622 620 to obtain pre-approval today or email us at enquiries@promedfinance.com.au
