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Prestige Lease
Alphera Prestige Lease is a tax-efficient tool to satisfy business needs without tying up capital. Alphera Prestige Lease can also include your 'on-road charges' and Alphera Comprehensive Motor Vehicle Insurance. To assist in salary packaging, Alphera Prestige Lease can be used in conjunction with a 'Novation' Agreement.
Alphera Prestige Lease payments are made from pre tax income, not after tax profits, enabling a business to preserve cash flow and utilise the capital elsewhere in the business.
Where the vehicle is used for income producing purposes, a tax deduction may be claimed by the lessee.
Where the amount financed is below the Depreciation Limit ($57,123), a lessee may claim the monthly repayment as a deduction. Above the Depreciation Limit, interest charges on the contract and depreciation up to the value of the Depreciation Limit ($57.009) are deductible.
Flexible contract terms from 24 to 60 months are available, and as the residual value can be varied according to the contract term, repayments can be tailored to suit your budget. In conjunction with a ‘Novation Agreement’ an Alphera Prestige Lease is an ideal way to salary package a vehicle.
The Goods and Services Tax (GST) is included in the purchase price of the vehicle and Alphera Financial Services will apply Input Tax Credits to off-set this GST (to a maximum of $5,193), meaning that the amount you finance under an Alphera Prestige Lease is therefore lower than the purchase price of the vehicle.
Where the lessee is registered for GST purposes, input tax credits may be applied to off-set some or all of the GST on both the lease rental and the residual value, depending on the amount of business use you can demonstrate.
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