Toyota Fiji, Automotive Dealership Fiji

Operating Lease

Ideal for companies who want to use the vehicle but do not want to own it as ownership comes with a number of responsibilities and risks which may not be beneficial to the company. Operating Lease allows the vehicle to be leased over a choice for fixed terms and kilometer usage programs.

It is also an off balance sheet asset funding option for companies, whereby one simple monthly rental can incorporate almost all vehicle running costs. At the end of the lease term the vehicle is simply handed back to Asco Motors, avoiding the risks associated with ownership as there is no residual value liability.

Should you wish to find out more about Asco Motors Leasing, please contact us through the enquiry form.

Benefits of Operating Lease

• 100% funding at a known monthly cost allows for easy budgeting.
• No depreciation expense
• Simplified administration, lease rentals, normally fully tax deductible and are expensed at the same rate in the profit and loss account and cash flows.
• No liability or asset is shown on the balance sheet, freeing up capital for other business investments.
• Maintenance, tyres, registration, and other running costs can be built into the rental to provide customers with a known fixed expense for varied terms and kilometres. Therefore, the company has no maintenance risk.
• Vehicle servicing is managed by qualified mechanics. This allows for safety and OH&S compliance at low cost.

Operating Lease Packages

Three lease packages are available to cater to various customer requirements also allows for flexibility in your spending. These are:

1. Basic Package
2. Standard Package
3. Deluxe Package