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.