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Rural Finance Lease from Commonwealth Bank

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A rural finance lease provides complete finance to purchase vehicles for use agricultural businesses. The Commonwealth Bank rural finance lease is a rental agreement where the bank owns the vehicle and the customer leases it for an agreed term and rental amount.

Features of rural finance leases:

  • Most depreciable vehicles can be financed
  • Minimum rural finance lease amount is $10,000 over terms that can range from two to five years
  • Interest rate and repayments are fixed for the term of the rural finance lease
  • Irregular or seasonal payment schedules can be considered to suit cashflow
Business benefits of rural finance leases:
  • Preserves working capital with 100% financing
  • If the asset is used to generate income, rental payments may be tax deductible
  • May be entitled to claim an input tax credit for rental and other charges that are subject to GST  

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