Dtax Accountants highly recommends the use of an operating lease for vehicles that are predominantly for business.  This means you are basically renting the vehicle.  The reason we recommend this option is because for a true business vehicle, its usually done substantial kilometres, had significant cosmetic damage, and the owner is keen to upgrade after a few years.  With this finance option, you simply hand the vehicle back to the financier, and then rent a new one, or you usually have the option to buy that vehicle if you want at a predetermined value.  With all the other finance options, you must purchase the vehicle at the end of the term you choose, and usually that book value you pay is higher than actual market value.  Commonly you then decide to upgrade vehicles anyway and loose more money on a trade in or private sale.

For further information on finance methods or a referral to a recommended financier, please email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or arrange an appointment.  

^{This fact sheet is provided as general advice and does not cover every possible situation and related consequence.  Further investigation should be done in relation to your own particular circumstances with an appropriate professional, and hence Dtax Accountants accepts no liability for actions carried out that rely on the information provided in this fact sheet.}