Leasing
A Finance Lease will give you all the benefits of VAT recovery associated with contract hire but the flexibility and balance sheet presence of a simple Hire Purchase arrangement.
The finance lease rentals (finance payments) are calculated on the full balance financed before VAT and after deducting any part exchange allowances. At the end of the period the customer can either extend the term for a small annual payment or arrange to sell the machine on behalf of the finance company taking the proceeds as a rebate of the rentals.
An option with any finance lease is to build in a residual value at the end of the lease. This is where the final value of the equipment is taken into account and stripped out of the monthly payments. This type of deal allows reduced monthly payments which allow you to accurately budget the lifetime cost of equipment.
Finance Lease rentals are shown as a liability on the balance sheet with depreciation and interest being taken to profit and loss account.
Leases can be for periods as short as 24 months or as long as 60 months. We can finance both new and used equipment using our leasing products.
Why Leasing ?
For further details please contact us on 0800 432 0440 or via email
