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.

Only available through businesses, the benefits of an operating 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.

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 866 850 for more information.