GM Leasing Pty Ltd is a specialist motor vehicle lease company established by the Mantello Group to bring the benefit of operating lease facilities to the small to medium fleet users, a product that major corporations and government fleet managers are turning to for more efficient control of their motor vehicle expenses.

GM Leasing is offering the full leasing product range of Operating Lease, Finance Lease, Novated Lease and can also provide Sale and Leaseback facilities for your existing fleets.

In the tradition of Mantello Holden we will provide you with customised packages to best suit your individual business needs and advice that is backed by our experience in the supply and maintenance of motor vehicles, together with over 35 years expertise in motor vehicle leasing, banking and finance.

If you have any enquiries please contact us gmlease@gmleasing.com.au

Operating Lease

Features
An operating lease is a long-term rental agreement.
(1) The asset under lease remains off balance and accordingly improves balance sheet ratios.
(2) The risks and rewards of ownership remain with the lease provider.
(3) Lease payments are fully tax deductible.
(4) Operating lease can include maintenance options.

Maintenance Options
Any of the following options can be included in your operating lease.
(1) All scheduled and non-scheduled servicing.
(2) On road cost including registration and ongoing registration.
(3) Replacement tyres.
(4) 24 hour Roadside Assistance.

Benefits
(1) One monthly payment covers all vehicle-running costs.
(2) Costs are fixed and allow for more accurate budgeting.
(3) Capital is not used to purchase assets.
(4) Administration is reduced.
(5) Maintain a modern vehicle fleet with the capital outlay.
(6) Vehicle purchasing and disposal are eliminated.
(7) No risk on cost of maintenance or sale of vehicle.

Finance Lease

Features
(1) You source the vehicle.
(2) Maintenance options can be included in the lease.
(3) Residual value is determined at the outset of the lease.
(4) You are responsible for the residual value.
(5) Ownership can pass to you at end of lease.
(6) Asset and liability are on balance sheet.

Benefits
(1) Lease payments are fully tax-deductible.
(2) Frees up capital for your core business needs.
(3) Administration can be less.
(4) Most costs can be fixed and allow for more accurate budgeting.

Novated Lease

Features
(1) A Novated Lease is an agreement between 3 parties – the Lease Company (GM Leasing), the employer and the employee.
(2) The employee undertakes the lease directly from GM Leasing.
(3) The employer undertakes to make the lease payments via salary packaging to GM Leasing.
(4) Employee may set up a novated arrangement with new employer and GM Leasing on leaving existing employment.
(5) Provides the employee with the choice of vehicle.
(6) Provides the employee with the opportunity to acquire the vehicle on termination of the lease.
(7) Allows employee any benefit of salary packaging.

Benefits
(1) Financing is off balance sheet.
(2) Employer has no risk should employee leave as lease is to employee.
(3) Employee "on costs" is reduced.
(4) Lease payments are tax-deductible.
(5) Running costs can be included in the lease.
(6) Provides an alternative method of financing.
(7) Employee is responsible for vehicle sourcing.

Sale & Leaseback

Features
(1) A sale and then leaseback is a method of finance used by businesses to move from owning their fleet to leasing.
(2) GM Leasing will purchase your fleet of vehicles and then lease them back to you on operating lease with maintenance options.
(3) The vehicles can be leased over periods that suit your needs.
(4) As the leases expire new operating leases can replace them.
(5) You can plan for your new vehicle requirements without the worry of capital outlay.

Benefits
(1) Removes the assets from your balance sheet.
(2) Vehicle fleet becomes a tax-deductible operating expense.
(3) Frees up capital for your core business needs.
(4) One monthly payment covers all vehicle-running costs.
(5) Costs are fixed and allow for more accurate budgeting.
(6) Administration is reduced.