Home > Business Loans > Fully Maintained Novated Lease

Fully Maintained Novated Lease

A Fully Maintained Lease can be used to finance vehicles and trucks that have business use. It enables the lease holder to make one simple payment which covers the full costs associated with owning and operating the vehicle. These repayments can cover all Vehicle Servicing, Fuel, Insurances, Tolls and Registration etc..

A Fully Maintained Novated Lease is also available. It shares all the attributes of a novated lease and fully maintained lease.

Fully Maintained Lease Key Features

The Key Features of a Fully Maintained Lease are;

  • Finance 100% of the vehicles value, choosing from terms of 1-5 years.
  • Fixed Residual. A residual is set by the lease provider and is calculated using the ATO depreciation guidelines.
  • Package Options. Choose from a complete fully maintained or partly maintained option.
  • Flexible Repayment Options. Repayments can be adjusted immediately if usage or running costs increase or decrease.
  • Flexible Fuel Card. A fuel card that is valid anywhere a Visa Card is accepted.
  • Own account Login. Get your own online account login and track and adjust your vehicle expenditure from anywhere you can access the internet.

Fully Maintained Leases and Security

The Lease provider owns the vehicle. The lease holder will provide their personal guarantee to maintain the lease or rental payments in good order and to either pay out or refinance the residual when it falls due.

Fully Maintained Lease Costs

Leasing costs can range from $0 to $350 for establishment and interest rates should be the same as a chattel mortgage, commercial hire purchase or other lease type loans.

Why use Equipfin?

Equipfin is part of the Platinum Direct Finance group of companies who will finance over 800 million dollars worth of Vehicles, TrucksBoats, Equipment and Machinery this year! Due to this volume and buying power, we can give our clients access to the best personal loan rates and financing products across Australia.

Need More Information

Call Us Now on 1300 959 144 or simply email us at [email protected] we will give you an immediate approval indication and have your loan underway in no time at all!

EquipFin Finance