Technology Finance Specialists - Pier One Finance

By: Pier One  06-Dec-2011

Operating Lease

The latest and greatest at an affordable price

A Pier One Operating Lease is a cost-effective way to regularly update your equipment. For a minimal outlay, you can upgrade your leased asset every 6 to 45 months. And at the end of each lease period you can choose to lease again, or simply walk away.

  • choose a lease contract to suit your requirements – from 6 to 45 months
  • fixed payments for the term of the lease
  • a maintenance option (which covers the cost of servicing and maintenance) is available
  • the option to upgrade at the end of each lease period
  • manage your entire equipment needs with a single master agreement

If you're a business customer, you can claim GST on each instalment, and your payments are tax deductible. Unlike a finance lease, assets financed under an operating lease are not recorded on your balance sheet.

Finance Lease

A long term lease with the Buy option

A Pier One Finance Lease is designed as a long-term leasing solution. It's ideal for your business if you don't want to tie up working capital.

Simply put, you enjoy the use of the asset for the term of the contract. At the end of the contract the asset is offered for sale. You can arrange to have first option to buy, at a pre-agreed price; effectively a 'lease to buy' arrangement. Or you can choose to 'walk away' and share in the profit (or loss) on resale.

  • long-term contract of 46 to 48 months
  • fixed payments for the term of the lease
  • a maintenance option (which covers the cost of servicing and maintenance) is also available
  • first option to buy at the end of the term

If you're a business customer, you can claim GST on the principal portion of each instalment, and your payments are tax deductible. The asset is recorded on your balance sheet, meaning you can also claim depreciation.

Rent to Own/Credit Contract

Affordable finance for just about anything

A Pier One Credit Contract makes it easy for you to get the money you need in a way you can afford.

  • tailored contracts to match your repayment preference
  • choose a term to suit, from one month to five years – the longer the term, the lower your repayments
  • we'll give you the best interest rate we can, based on your personal profile, with fixed repayments so you always know where you are
  • 100% finance may be available, depending on your circumstances – talk to your us to find out more

If you're a business customer, you can claim GST on your purchase at the start of the contract, and your interest charges are tax deductible. The equipment is recorded as an asset on your balance sheet, meaning you can also claim depreciation.