What is a Car Lease? The lender will purchase the vehicle on your behalf, and then lease it back to you. With similar structure to that of a chattel mortgage but with different GST implications and claim backs on your Tax Return. Give us a call today to have a chat about why leasing may or may not be the right option for you. We will always strongly advise you contact your Tax Accountant regarding a lease and work with them to help you achieve the results you want in your business.