Why use a car lease company?
7 Reasons to choose Driveline…
We can help finance you into your next vehicle with a vehicle lease or traditional hire purchase, whichever is most appropriate for you and your business.
With our SmartLease™ car leasing package you get a genuine “no hidden costs” operating lease. The net purchase price of the vehicle (after factoring in our generous lease company discounts) and the residual value (based on parameters we agree together) are all 100% transparent.
You don’t need a deposit and your lease payments are 100% tax-deductible expenses for tax purposes.*
Compared with traditional hire purchase, the cashflow advantages are fantastic because you’re not tying capital up in the vehicle.
With Driveline’s SmartLease™ we also protect you from those dreaded “excess kilometres” and “refurbishment” charges that are all too common with other companies at the end of a vehicle lease.
The term is up to 75% of the economic life of the vehicle as set down by IRD’s depreciation schedules, i.e. a maximum of 45 months for passenger vehicles and 48 months for commercial vehicles. The typical term is 3-4 years but shorter terms are not uncommon.
Overall, you enjoy the benefits of ownership without tying up capital… so all you’ve gotta do is drive!
Learn more about car leasing »
With hire purchase we fund the car by way of a good, old-fashioned finance arrangement, typically for a term of 3-5 years.
We can structure agreements with or without a deposit to suit your cashflow requirements and we only use the vehicle as security.
Your payments are not tax deductible, but you do get the GST back up-front and can claim annual depreciation and the interest cost over the term of the loan.*
Overall, you enjoy the benefits of ownership but your capital is tied up, and it may affect other funding arrangements you have with your bank. You will also need to consider LVR (Loan Value Ratio) if the family home is tied up with your existing funding arrangements.
However, for some organisations such as not-for-profits that are not in a position to benefit from the tax advantages of leasing, HP often makes more sense. We’ll advise you on the best course of action so all you’ve gotta do is drive!
Learn more about car financing »
7 Reasons to choose Driveline…
Here’s how we back up our promise that: “With a Driveline lease, all you’ve gotta do is drive!”
- One stop shop…
We can manage the whole process, including finding you the right car, accessories, signwriting, fit-outs, great finance options, delivery of the new car and even selling your old car.
- Saving you time, money and hassle…
We’re here to make it easy and stress-free. You don’t need to spend hours traipsing around all the car yards or on the phone to finance companies. We’ll do it all for you.
- Independent advice…
We are totally independent, which means we’ll get you sorted with the right vehicle and finance to suit your particular requirements.
As a car lease company we enjoy significant new vehicle discounts and we pass 100% of those discounts on to you. If you need a second-hand vehicle we have dealers nationwide and can source quality second-hand and ex-lease cars at very competitive prices.
You can pick and choose which of our services you need. We can find you a vehicle, or if you’ve already found a car or know exactly what you want, great… let’s sort out the finance and go!
- It costs you nothing…
It costs you nothing to find out what we can do for you so call the Driveline team on 0800 275-374 to compare what’s available.
We know the market and the dealers. We know all the makes, models, and all the best deals to be had. Tap into decades of industry experience when you use the Driveline team.
Free advice on how to finance or lease cars with maximum benefit to your business. Give us a call on 0800 275-374 to talk through your options with no obligation and absolutely no pressure.
* We recommend you seek independent accounting advice with respect to the application of the various lease and traditional funding methods and how you may account for these.