EOFY tech spend: why leasing beats buying at tax time

End of financial year concentrates a year's worth of technology decisions into a few weeks. Laptops get replaced, servers refreshed, software renewed — partly for genuine need, partly to bring deductible spend into the current year. The instinct is to pay cash before 30 June. But there's a better-shaped option.

Cash out the door isn't the only path to a deduction

The reason many businesses buy outright at EOFY is to claim the expense. What's less obvious is that a lease gets you there too — repayments are typically fully deductible as an operating expense — without draining your cash reserve right when you may want it most for the new financial year. You keep the deduction and keep the capital.

Get the upgrade now, spread the cost

Leasing lets you make the upgrade your team needs today and pay for it over its useful life. Instead of one large hit in June, you have a predictable weekly or monthly repayment you can budget around — while your people are already working on current kit.

Speed matters at EOFY

The end of June is a bottleneck. Traditional finance — brokers, forms, days of waiting — doesn't fit a deadline. An embedded lease is decided in about a minute: apply where you buy, sign digitally, verify your ID online, and settle. No paperwork to gather while the clock runs down.

A quick EOFY checklist

• List what genuinely needs upgrading before the new year — not just what's on sale.
• Compare the cash hit of buying vs a deductible lease repayment over the term.
• Check the instant-approval limit ($15,000 with Oxyan today) covers your ticket.
• Confirm end-of-term flexibility so you're not locked in.
• Talk to your accountant about how deductibility applies to your business.

Done well, EOFY isn't about spending cash to save tax — it's about upgrading smartly and keeping your balance sheet healthy going into the new year.