Jade offers a number of financing facilities for business vehicles – CHP, Leasing and Chattel Mortgage. The decision as to which one to select will depend on the accounting method used by your business, your approach to the balance sheet and financial objectives.
The treatment of GST differs for Leasing compared with CHP and Chattel Mortgage. With CHP the income tax benefit is realised at the end of the year with depreciation while with Leasing, the repayments are tax deductible.
Your accountant is usually the best person to consult on these matters as they have an in-depth knowledge of your business structure. It is not the role of Jade to advise on those types of decisions. Our objective is to source you the cheapest CHP deal that suits your requirements