What is a Finance Lease?
A Finance Lease is a non-cancellable vehicle rental agreement that enables companies (lessees) to rent vehicles from Summit Fleet (lessor) for a fixed period of time. This agreement allows you to utilize a fleet of vehicles without the need for substantial upfront capital investment. Under a Finance Lease, the vehicles are purchased by Summit Fleet on your behalf, and the asset may appear on your company’s balance sheet.
At Summit Fleet, we understand the importance of finding flexible and efficient solutions for your vehicle fleet management. Our Finance Lease service is designed to empower businesses like yours to invest in a fleet of vehicles without the need for upfront capital investments. Let us guide you through the benefits and process of Finance Leasing, so you can drive your business forward with confidence.
Unlock Business Investment Potential
With our Finance Lease option, you can invest in a fleet of vehicles without depleting your upfront capital. This finance method offers an effective way for businesses to allocate resources and invest in their operations while minimizing financial strain. By partnering with Summit Fleet, you can focus on driving your business growth and leave the vehicle procurement and ownership responsibilities to us.
Flexible and Affordable Terms
We offer flexible terms tailored to suit your business needs. Our Finance Lease agreements provide you with the flexibility to choose the duration of the lease, allowing you to align your lease term with your operational requirements. With affordable monthly instalments, you can effectively manage your cash flow while enjoying the benefits of a fully maintained fleet.
Hassle-Free Management and Maintenance
Summit Fleet goes beyond providing vehicles. We offer fully maintained and management-inclusive variations of Finance Leasing, ensuring that your fleet is taken care of from day one. Our comprehensive services cover maintenance, repairs, and other fleet management aspects, reducing your administrative burden and allowing you to focus on your core business.
Guaranteed Residual Value
At the end of the lease term, Summit Fleet guarantees any shortfall between the eventual sale price and the predetermined residual value. This provides you with peace of mind, knowing that you are protected from potential market fluctuations. Our experienced team ensures that the residual values adhere to minimum Australian Tax Office guidelines, ensuring compliance and transparency.
