Product Suite

Bigstone Finance are leasing specialists, with a strong legacy of providing finance solutions to Australian businesses. As responsible lenders we get to know our clients and their businesses to give them the right solution for their circumstances.

We offer three core products that are similar, but there are some key differences – in the main related to ownership throughout the finance period, and the various tax implications.

As a financier it is never our role to give our customers taxation advice, so any advantages outlined here should always be discussed with your accountant.

FINANCE LEASE

In a Finance Lease Bigstone purchases the asset or equipment, and then leases it to the customer. The customer is responsible for the monthly payments to Bigstone, which are fixed for the term of the agreement. At the end of the agreement the customer has the option to own the equipment for the agreed residual value. As Bigstone only finances business related equipment, it is understood that the equipment financed is for business purposes. Therefore, the monthly payments may be claimed as a tax deduction. Customers may also be able to claim a credit for the GST on the monthly payments.

RENTAL AGREEMENT

Rental Agreements are a popular and very straight forward type of finance, best suited to business equipment and assets that may become technologically redundant at the end of the agreement. Under a rental agreement Bigstone acquires the asset or equipment and rents it to the customer. At the end of the term the customer can either return the equipment, upgrade it or continue renting.  The monthly payments may be claimed as a tax deduction. Customers may also be able to claim a credit for the GST on the monthly payments.

LEASE PURCHASE

A Lease Purchase Agreement is a finance product where Bigstone purchases the equipment and leases it to the customer over a set period of time, the title for ownership passing to the customer once all payments are made. The GST on this loan type may be claimable upfront at the commencement of the agreement by the customer. The customer may also be able to take advantage of the instant asset write-off offered by the Australian Tax Office and claim an immediate tax deduction.

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