Simply where a financier hires goods (cars, machinery etc.) to you for a certain period of equal or structured payments. At the end of this period you will be given ownership of the goods.
Tax deductions come from the depreciation of goods and the interest component of the loan.
Recent tax changes in New South Wales now charge Stamp Duty on each payment at the same rate as leasing which is .75%
As with this product and Leasing Finance we can have an approval in just a few hours.