Sale and leaseback of equipment is a financial option available to businesses that is something…
Ownership & GST are the main considerations
As stated previously, the main difference between these two financing options is ownership of the asset and the tax implications flowing from that.
Choosing the wrong product can be expensive!
At face value, the two products may seem similar, however it is important the right product and structure are chosen as they can be expensive to unwind!
Also, how financiers quote can vary widely. A great headline interest rate may mask a higher overall cost of finance! It is critical to ensure you are comparing “apples with apples”
If you would like guidance to choose the right product (and get a great quote with “no smoke & mirrors”) don’t hesitate to give me a call!