In situations where ownership of equipment/asset is not seen as desirable, finance leasing offers a cost-effective solution to obtain use of them without the burden of ownership. This product is usually used where equipment/assets have little or low resale value at the end of the primary term of the finance agreement.
Features & Benefits:
Features & Benefits:
- Initial deposits can be as low as one repayment/rental down with the VAT spread over the term of the agreement
- Preserves cashflow - offers the obvious cashflow benefits of paying in instalments
- Flexible - repayments/rentals can be structured according to your anticipated cashflow
- Tax-efficient - the repayments/rentals can normally be offset against taxable profits
- Cost-effective - the Funder, as owner of the asset, claims the writing down allowances and passes them on to you in the form of lower repayments/rentals
- At the end of the lease you can continue renting the equipment by paying annual secondary repayments/rentals or sell the goods to a third party and retain up to 99% of the sale proceeds.