Finance Lease

Flexible finance to suit the needs and budgets of your business

 Security may be required. Product fees may apply. Finance is only available for business purposes.

What is a Finance Lease?

A Finance Lease is a type of agreement under which you ( the lessee) other than the legal owner (Lender) of an asset obtains the right to the use of that asset.

When most of the risk and rewards are transferred to the lessee this is classified as a Finance Lease. Although the legal title remains with the Lender you are in effect financing the lessee’s purchase of the leased asset.

Do any tax treatments apply?

If a qualifying vehicle is used for business purposes and you are VAT registered (special rules apply) you may be able to recover some of the VAT applied to the lease rentals. In certain businesses the lease rental VAT may be 100% recoverable.

Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances. Customers need to insure and maintain the asset. We can not say for definite whether a particular tax treatment will definitely apply.

 

Why choose a Finance Lease?

Customers may be responsible for any maintenance or repairs due on their asset. Contact us or see your contract terms for more details.

  • Flexible repayments

    We’ll work with you to create a payment plan tailored to your business and cash flow needs.

  • Flexible end of term options

    Following a Full market review in the final 8 weeks of your agreement, Our Dedicated specialists will contact you to advise on the most efficient way to sell or re finance your asset; choices may vary from: return the asset to the lender, resale to one of our affiliated underwriters or you may choose to sell it to a third party privately, alternatively you can re finance the asset again. Which ever you choose , one of our executives will handle all the administrative requirements for you.