Our leasing finance solution can help you purchase equipment that your business needs to operate without the financial burden of
outright purchase. You pay for the equipment with the income it generates or the costs saved helping you to maximize your working capital.
We have 2 solutions that can be tailored to suit your individual requirements:
- Hire Purchase
You select the supplier and the equipment you want. We agree with you over a repayment term for the equipment,which is usually between 1 and 5 years.
The supplier delivers the equipment to you and we pay the supplier. You have direct and immediate ownership of the equipment including all the VAT applicable to the cost price.
At the end of the repayment period, upon receipt of an option to purchase fee, the equipment is yours. All interest costs are offset against tax as they are paid and you claim TAX write down allowances.
- Refinancing Equipment
If you already have cash tied up in existing plant and machinery, and need to release that cash to invest elsewhere in your business, we can help. We can buy your existing equipment from you and provide you with a Finance Lease facility which you can repay over an agreed upon period. To refinance your assets, they must be durable with a proven potential resale and must be uniquely identifiable by a serial number.