- no risk of owning obsolete equipment
- off balance sheet
- upgrade during or at end of term
- replacements are up to 100% tax deductible
Rental
Hire Purchase
- own equipment at end of term
- balloon payment option to reduce monthly installments
- interest and depreciation are tax deductible
Chattel Mortgage
- own equipment at end of term
- balloon payment option to reduce monthly installments
- interest and depreciation are tax deductible
- claim GST on purchase of equipment upfront if accounting on a cash basis
