Is buying a car on lease good?

If you like driving a new car, and want to keep driving new cars, leasing might be a better option for you. If you want to keep hold of it for more than a few years, buying outright will work out cheaper. There’s no borrowing, or interest, and you can sell it whenever you want.

Is leasing a car tax deductible NZ?

Vehicle leasing is a contract which allows a business to obtain a vehicle for a fixed period. Once the lease ends, the business returns the vehicle. Leases are tax-deductible. Importantly there are two types of vehicle leases – operating leases and finance leases.

Can you lease cars in NZ?

How does it work? You agree to lease a new car, ute or van for a fixed amount of time, making monthly payments. Our team of specialists manage the vehicle throughout the term of the lease and your company has no residual risk liability. At the end of the agreement, you return the vehicle.

Can you buy a car on lease?

When the lease comes to an end, you’ll be given the option to purchase the vehicle by paying a final lump sum (the residual value) directly to the finance company, restart another lease to pay off the remaining balance on the vehicle or trade the vehicle in.

Which is the best company to lease a car in NZ?

Best car lease NZ For lease to buy, you need to lease a car from us for 12 months first, if your payments are always on time, then we will finance the residual value of the vehicle in another 12 months. Please note that these prices do not include insurance.

When did lease direct start in New Zealand?

Affordable vehicle leasing solutions designed for the new zealand market Lease Direct was established in April 2001 to meet a need in the short term and used vehicle lease market. We have a selection of vehicles available plus access to thousands of new vehicles.

Can a finance lease be used to purchase a car?

With a Lease Direct Finance lease, you have the choice of purchasing the vehicle at the end of the term or returning the vehicle. A Finance Lease enables you get the vehicle you need, without having to make a lump sum payment.

What are the benefits of leasing a used car?

Used Vehicle Leases are just the same as an Operating Lease or Finance Lease but can offer lower monthly lease rates and fringe benefit tax savings when compared to a new vehicle lease. Need more information on Used Vehicle Leasing? The most common form of lease and is tailored to suit your individual vehicle requirements.