Leasing Rate Calculator
Leasing Rates
About Leasing Rates
The leasing rates for equipment, as applied by Macquarie IT, are determined by:
- The initial purchase price of the goods from the nominated supplier
- The period of the lease
- The class of goods (ie. photocopiers or computers)
- Interest rates on settlement day
Upon receipt of the Acceptance Certificate from Monash confirming successful installation of leased equipment, Macquarie IT pay the supplier.
Macquarie IT then determines an actual leasing rate for the lease of the equipment that is based on the interest rates on settlement day. The rate applies from the next day and is fixed for the period of the lease. Leasing charges are levied against the university on a quarterly basis.
If you use the lease rate calculator in Asset Online then the calculator returns an indicative leasing rate based on the interest rates of the day. As interest rates fluctuate daily, then the indicative rate may not necessarily match the actual rate as determined on settlement day. However, under normal circumstances, interest rate fluctuations are small and the difference between actual and indicative rates is minimal.
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