A finance lease is essentially a contract between a funder and a customer that gives the customer the use of the asset in return for a rental payment over an agreed time period.
At the end of the lease finance period you can either return the asset or continue to use it through a secondary rental agreement.
We can agree a repayment schedule that matches the income generated from the equipment, to ease cash flow pressure.
Reasons to consider a finance lease include:
Balance sheet assets: Taking out a finance lease allows you to include the vehicle on your balance sheet.
Reclaimable VAT: VAT on the monthly rentals can be reclaimed for VAT registered businesses (varies for personal use vehicles).
End of lease options: When the primary term ends, we can either invoice to a third party or the lease can enter a secondary rental period.
Fixed Monthly Rentals: The rentals are fixed during the primary rental period allowing the client to build accurately into their cash flow forecasts.
For more information on Finance Lease or any of our other services, please contact one of our team.