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EOFY is the perfect time for a new operating lease

The end of the financial year is always a good opportunity to turn your mind to those aspects of your business that may be put to the back of it at other times. I’m talking about finances and tax, of course. While it may sound a bit dull, it’s worth paying attention to. A bit of action now can set your business up for a healthy start for the financial year ahead. The action I’m talking about is taking out an operating lease before the end of financial year to take advantage of some great deals that are out there on new cars right now.

Simple and effective

A Fleetcare Operating Lease is a great way to finance your company’s vehicles. You can think of it as a long-term rental with most of the vehicle’s running costs coming out of a single monthly payment. When you use your vehicle for business purposes those payments are usually tax-deductible, so you can claim the GST on those payments on your BAS submission.

No residual risk

At the end of the lease you just hand the vehicle back to Fleetcare with no further obligations and upgrade it to a brand-new car again. You don’t have to worry about the vehicle’s value and the residual risk you’re carrying, because you’re not carrying it – that’s Fleetcare’s business. So in other words, you’re not shelling out cash on a depreciating vehicle whether you’re using it over the short or long term. Financing a vehicle doesn’t get much simpler than that.

Better cash flow

A Fleetcare Operating Lease can do great things for your business budgeting. That fixed monthly payment on a single invoice makes budget forecasting much simpler and improves your cash flow. But it also protects you against any fluctuations in those interest rates. In an uncertain business world, an operating lease adds some certainty to the costs of running your fleet, and that’s reassuring.

Easy administration

That single monthly invoice is also going to lighten your administrative load. Because an operating lease involves most of your vehicle’s running and maintenance costs, you can say goodbye to all that paper work about servicing, registration and third-party insurance, roadside assistance, tyres, lease reporting, and everything else. It’s all replaced by that single simple invoice and that one monthly payment. Who says life wasn’t meant to be easy?

The perfect EOFY opportunity

If your business’s vehicles are starting to look a little dated, then now’s the perfect time to take out an operating lease on a new vehicle. Why? Well not only is the end of the financial year nigh, but new car sales have been stuck in the slow lane over the last two months, leaving dealers desperate to move stock.

It doesn’t matter whether it’s a Kia, Toyota, Nissan, Holden, Suzuki or pretty well any other brand you’re looking at, they’re all being heavily discounted around the country. And it’s not just one vehicle segment either. Prices are being slashed right across the board on small city cars, SUVs and the increasingly popular utes alike.

But you’ll have to hurry, because the clock is ticking away mercilessly towards the end of June when the opportunity will be gone for another 12 months.

There’s no time to waste, so contact Fleetcare today on 134 333 to take advantage of it now.

Written by
Jamie Press

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