An Operating Lease is simply a rental agreement. You avoid the risks associated with ownership and have no residual value liability. At the end of your operating lease agreement you may simply return the vehicle and you owe nothing further which means no liability in terms of residual values or FBT for the company following the end of the lease.
Only available through businesses, the benefits of an operating lease vs finance lease are that working capital is maintained, lease rentals will be fully tax deductible if the vehicle is used to generate taxable income and there is no resale value risk as the financier will own the vehicle at the end of the term of the operating lease.
Operating leases can also include ongoing maintenance costs including vehicle servicing and fuel costs all included in one regular monthly payment (fully maintained operating lease) which can greatly aid the business cashflow as precise vehicle running costs are know well in advance.
|For this reason, operating leases are generally the simplest path to vehicle ownership for many businesses.||Also very important feature with an operating lease is that the finance cost is known for a fixed period of time – an operating lease is great for budgeting the cost of your new vehicle.|
Visit our leasing calculator, contact a finance consultant or call 1300 303 181 for more information.
Options other than operating leases? Find out about:
I have been umming and arring for the past 6 months over cars and getting my head around a few factors. I spoke to Frank this afternoon (Mon 5th Nov) and all I can say is that in 10minutes he has made more sense to me than anyone else in 3 months. I found him to be very knowledgeable, honest, upfront and has given me some excellent and needed advice. Thank you again to Frank for his words of wisdom and he didn’t burst my bubble..
Thanks Rebecca. I’m very happy with the car and I can’t thank everyone at Private Fleet enough. I couldn’t believe that buying a brand new car could be so easy and efficient. Don’t worry, I have already began spreading the word about your services. Thanks again.
Please accept this as a formal thank you for your efforts on my behalf. I have been most impressed and grateful for your professional, friendly and patient assistance. The whole process has made buying a new car a pleasure rather than an onerous and irksome duty. I love my car!! Absolutely stunning to drive - took my husband out for lunch at Brooklyn to celebrate! Really thrilled. I shall not hesitate to recommend you in the future.
I am writing to thank you and your company for the wonderful service you have given me. On the sale of my vehicle and also buying my new Honda which is just great. Both cars were delivered and picked up on time. Thank you again.
Thank you for your assistance the car is fantastic the deal you were able to negotiate for us was great. Let’s hope we can send some additional business your way as we haven’t stopped telling people about the great deal, how easy everything was, the service the whole experience was ‘as smooth as silk’. In the end we saved around $1,800.00. Once again many thanks for your help.
I wish to commend a member of your staff that recently helped us purchase a new vehicle. Having rung various companies/garages trying to locate a particular vehicle that we wanted, we found that most companies did not even have the courtesy to call us back. We were fortunate enough to speak with Paul, who was extremely efficient right from the start. He explained what was involved in purchasing the car and also made several calls to locate a car for us almost immediately. We took delivery of our car yesterday and would have no hesitation in recommending Paul to our friends/relatives. Thank you once again for the excellent service.
I have recently purchased a brand new Volkswagen Beetle through Lenny Lenehan and I wanted you to know how lucky I think you are to have such a professional account service person. I have worked in marketing internationally for over 15 years and therefore have very high expectations as a customer and a very low appreciation of what Australia perceives as an accepted standard of level of service. However, Lenny’s competence and behaviours are those I would consider world class and I wanted you to know that he is definitely an asset to your company and I will be recommending Lenny to as many of my friends and colleagues as I can. If Lenny is the standard you base your company’s bench mark at, then I am confident Private Fleet must be one of this country’s most successful service company.
I write to thank you for making the purchase of my new WRX a hassle free and enjoyable experience. I could not believe I was behind the wheel within 2 weeks of the order. As promised, the car was beautifully presented and with a full tank. The money I saved by using Private Fleet will enable me to purchase a few luxuries. I also look forward to utilising the additional benefits of being a Private Fleet member. I will be highly recommending Private Fleet to all my family/friends/colleagues.
After writing an enquiry form I received a phone call from Lenny within 24 hours. He took all my details and was very polite and patient with my lack of car knowledge. He told me he would have an offer by midday the next day. I received a phone call from Lenny at 10:30 am to inform me of the offer. Every communication I have had with Lenny has been efficient and any requests I have had, have been answered promptly and kindly. I love this website. It has taken all the stress of buying a new car out of the equation and makes it a pleasurable experience. I will definately be recommending this service to everyone I know. Good on you all for having such a great and workable idea. And good on you all for employing such great people.
I wanted to thank you and your company for the great results I received via my new car. I appreciate your efforts (Anton and Catherine included), and am very happy with my car. I have had to call Russell in Canberra Toyota as I had a couple of queries with my car and he was always very helpful and happy to hear from me.I would recommend Private Fleet to others as I have done already. Thanking you...