FINANCIAL PRODUCTS
Claremont offers a range of financial solutions,
- and the skills and experience to deliver them professionally and efficiently.
Operating Lease
& Rental
Claremont purchases the equipment, and rents it to clients for agreed payments over a fixed term. Whilst similar to a finance lease, a Rental has greater flexibility both during and at the end of the term, with upgrades, variations and even a path to ownership.
Finance
Lease
A finance lease is suitable when there is a high degree of certainty that ownership is the desired result at the end of the term, and where a business would prefer to account for interest and depreciation than treat the payments as an operating expense.
Chattel
Mortgage
A Chattel Mortgage is an agreement whereby the borrower allows the financier to take a legal charge over goods (Chattels) to secure due performance of an advance made to the borrower. Title to the goods remains with the borrower.
A Chattel Mortgage is suitable for those who use the cash method of accounting as it allows them to claim the GST in the goods price up-front.