Lease Types

Flexible Finance Options

OPERATING LEASE

  • Ideal for rapidly changing technology.
  • Payments are typically 100% tax deductible.
  • Upgrade at any time during or at the end of the lease.
  • Flexible end of term options.
  • Monthly payments are + GST.
  • Ownership of goods remains with Converge Capital at the end of the term.

LEASE TO OWN

  • Suitable for assets that have a long usable life and retain their value.
  • GST payable in one lump sum at the start.
  • Interest and depreciation can be claimed as a tax deduction.
  • Ownership transfers to the customer at the end of the lease.
  • The asset and liability are recorded on your balance sheet.

SALES & LEASE BACK

  • Converge Capital can purchase your existing equipment and then lease the equipment back to you on either an operating or financial lease basis.
  • This is particularly relevant where there is a partial system upgrade. It brings all of the equipment under the same operating model (i.e lease).