Quick access to equipment without the ties of ownership
Finance Lease gives your customer access to the assets they need in return for a regular rental amount, avoiding the cost or commitment of ownership.
With finance lease, the monthly rentals count as a monthly expense rather than an owned asset on a balance sheet. The rentals attract VAT which can be tax efficient for your customer too.
Key benefits of finance lease for your customer
- Quick access to new or high specification hard assets
- Keeps their cash reserves available
- Set monthly instalments with minimal cost upfront
- Spread the cost of the VAT over the term
- VAT can be reclaimed on the repayments
- Repayments can be offset against profits for tax efficiency
- Ability to regularly upgrade their assets
- May be able to sell the asset and receive a rebate from the sale proceeds
