Finding the best office printer deal for you
Options –Other finance options include hire purchase, chattel mortgage, lease, and loan.
Hire purchase or asset purchase – GST credit can be claimed by the purchaser and a finance organization can fund the GST. You claim for interest and depreciation, the loan liability is taken up on the balance sheet. Please contact your accountant or finance company to find out more.
Chattel mortgage – is a very similar HP, the difference is if you are on the cash basis for GST, you can claim all GST credits up-front. There are a few differences that we are happy to explain.
We recommend all lease options be checked with your accountant when leasing or renting a machine. We highly recommend North Sydney Financial Planners Mentor1