A Finance Lease is a commercial finance product. Under a Finance Lease, the financier purchases an asset on behalf of the customer, and then leases the asset to the customer in return for monthly rental payments. At the end of the term of the lease, the financier gives the customer the option to purchase the asset in return for a final instalment (residual value).
Alternatively, the customer may choose to "trade in" the asset, or re-finance the residual and continue the lease.

Assetfin offers you the option of a Commercial Hire Purchase (CHP) or Chattel Mortgage. A Commercial Hire Purchase (CHP) is a commercial finance product. Under a Commercial Hire Purchase a finance company purchases an asset on behalf of the customer, and then gives the customer use and possession of the asset ("hires") in return for regular payments.

A Chattel Mortgage is a commercial finance product. Under a Chattel Mortgage a finance company lends money to the customer to purchase an asset (the "chattel"), and the customer makes regular repayments.

The customer takes ownership of the asset at the time of purchase, but the finance company also takes out a "mortgage" over the asset by way of an ASIC-registered Fixed and Floating Charge to provide security for the loan.

• Security is usually the asset itself – preserving access to working capital credit lines;
• No upfront deposit usually needed, which means you can use your working capital for other core business needs;
• Tax deductible – generally the rental is deductible to the extent the asset is used in your business;
• Keeping your business up-to-date – leasing allows you to regularly make use of the latest technology and most efficient vehicles, plant and equipment;
• Get the real value out of your equipment – leasing terms are structured to allow for the residual value at the end of the term to reflect the equipment’s expected useful life;
• Tailoring to match your cash flow – rental cycles aligned with your anticipated cash flow; and
• Simplicity – rentals will be automatically debited from your nominated business account.

• A tailored solution to match your cash flow, for any of your business needs;

• Choice of interest rate type;
• Choice of rental payment options.