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MOPL Leasing offers you access to a consortium of Asset Lenders. Al the main Banks and some,of whom you will not have heard. Each has their place to play in your or your clients business.

 

 Please always seek advice from your accountant as to product suitability

Rental/Operating Lease

Our Rental or Operating Lease product is a flexible form of financing that allows you to benefit from the full use of an asset for a fixed period of time.
By renting, working capital is not tied up and the lease is typically not shown as a liability on your company’s balance sheet.
Payments are fixed for the life of the contract and are considered an expense and therefore 100% tax deductible and taxable supply for GST purpose for earning assessable income. We recommend that you speak with your accountant for confirmation and more information on this matter.


Finance Lease

A Finance Lease is a form of leasing whereby the Lender finances the item that you require and leases it to you over an agreed period of time in return for a series of payments and a final residual payment.

The Lender purchases the asset and retain ownership of the item during the lease period. You benefit from use of the item or/funder settles the purchase of the equipment. The customer takes ownership of the equipment at the time of settlement.

The financier takes a mortgae over the equipment as security for the finance /loan.Once the Contract is completed by all instalments being made, the mortgage is discharged/removed providing the customer clear title to the equipment.

* A tax Deduction is available if the equipment is available for business use.

* No GST is chared on the monthly chattel mortgage or any residual value

* GST is also claimable on the prucase priced of the equipment in on lump sum amount ( the advantage of the chattel mortgage)

* Where the equipment is used for business use , the hirer can claim "interest and depreciation". Thver this time however you are responsible for all operating costs.

At the end of the lease you are required to pay a final agreed amount called a Residual to own the asset.

Provided the equipment is used to produce assessable income, lease payments are usually tax deductible and taxable supply. We recommend that you speak with your accountant for confirmation and more information on this matter.

 

Commercial Hire Purchase

Commercial Hire Purchase is a facility that allows you to “hire” goods over an agreed period of time in return for an agreed schedule of payments. A Commercial Hire Purchase agreement is much like a loan and payments are made up of principal and interest. A Commercial Hire Purchase agreement can be based on 100% finance or an agreed deposit amount. A balloon payment can also be arranged at the end of the loan to reduce the repayment amounts during the term of the loan. If the “hired” item is used solely for earning assesable income, the interest component of the rental and depreciation on the item are tax deductible.We recommend that you speak with your accountant for confirmation and more information on this matter.

 

Chattel Mortgages

A Chattel Mortgage is a business finance product where the customer/client takes ownershipof the equipment at the time of purchase/settlement of the finance.Pursuant to a chattel mortgage of the finnace provide

at is interest on the lease payuments and depreciation up to the luxury car tax threshold or depreciation limit currently $57,066 ( 2010/2011 tax year) if a motor vehicle.

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