1300 Car Lease

What is a flexi car lease?

Flexi lease provides all the benefits of long-term car leasing (fully maintained operating lease) without the commitment of a long-term contract. We understand that business needs change and employee requirements can vary, as such a flexible short-term car lease allows business to operate a lean and cost-effective vehicle fleet.

How does a flexi car lease work?

Under a flexi lease there is no long term commitment, simply lease the motor vehicle month to month. You get a wide range of motor vehicles to choose from and all motor vehicles are provided with a maintenance car insurance package.

Balloons and terms

No balloon or residual, you simply hand the motor vehicle back at any time.

What are the benefits of a flexi car lease?

• Flexi car lease terms range from 1 to 12 months
• A tax deduction is available if used for business use
• Flexi lease repayments are fixed for the term
• No residual risk. just hand back the motor vehicle at any time
• Unlimited kilometer options
• Servicing and routine maintenance
• You will receive great hands on personalised service from an experienced car leasing consultant
• Roadside assistance
• Automatic vehicle replacement when due for renewal

Who should consider a flexi car lease?

A flexi car lease is suitable when you need a vehicle for a short period of time. No need to committ to a 1-5 year term if it's not required, just flexi car lease month by month.

What are the tax implications of a flexi car lease?

GST can be claimed back on the monthly lease flexi car lease repayment on your next BAS.

If the amount to be financed is below the ATO depreciation limit, $57,123, you are able to claim the full lease rental as a tax deduction. Above the depreciation limit, it's simalar to a hire purchase agreement where the interest and depreciation up to the value of the depreciation limit can be claimed. Refer to ATO.

Other car lease options?

If you are thinking about doing a flexi car lease, you may also want to consider a Finance Lease, Commercial Hire Purchase or Chattel Mortgage as other car leasing options.

Need further information?

Either complete our friendly enquiry form and we will call you shortly or call the number 1300 Car Lease (1300 227 532) and talk to an experienced car leasing consultant today.

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