Leasing possibilities from £1000 monitor to a £1,000,000 MRI Scanner
| Product : | Definition : | Benefits : |
| Hire Purchase – Lease Purchase |
A repayment facility where you can ultimately own the asset at the end of the repayment period. | Fixed / variable interest rates, with repayments structured to suit your cash flow. |
| Finance Lease | A flexible method of funding a broad range of business equipment. A Finance lease offers all the benefits of ownership but without any of the burdens. | Use of the asset with minimum initial outlay and payments can be arranged to suit your cash flow. Rentals can normally be offset against taxable profits. |
| Operating Lease | Particularly effective for high-value and specialised assests and vehicles. An operating lease guarantees the residual value of an asset, which means the repayments are lower than traditional finance. | Rentals can be matched to your cash flow and can normally be offset against taxable profit. You can normally treat the assest as ‘off blance sheet’, subject to your auditor’s approval. |
| Contract Hire | With this simple-to-manage option, the finance company can take care of the administration of the assets, leaving you to concentrate on more important business activities. | Fixed monthly repayments help budgeting forecast, and rentals can normally be offset against taxable profit. Assets may also be treated ‘off balance sheet’, subject to your auditor’s approval. |
