It’s essential for a small business to have its own vehicle solution, especially when you work for yourself. We’re here to help you enjoy the independence that comes with your own work vehicle with our range of finance and procurement solutions.
Fingo can even help if you’re a new startup and you don’t have all the necessary financial statements and documents needed to secure a finance. This is called a low doc loan and it’s favoured by sole traders and self-employed operators across Australia thanks to the favourable tax benefits.
For finance and operating leases you can:
- Claim back GST paid on purchase price in full
- Repayments and residual are GST-free
- Running costs and interest on repayments are tax-deductible
- Claim depreciation on the vehicle, as per ATO guidelines