FINANCE LEASE
Finance Lease lets you use the equipment you need without having to buy it outright.​​​ You pay rent for the full use of it. The rental period (the primary lease term) is flexible and can be tailored to your usage needs and cash flow. During this period, you will pay the full cost of the asset, including interest. Then, when you reach the end of the primary lease term you can choose to continue to use the asset by entering a secondary rental period or sell the it and keep a portion of the income from the sale return it to the lender.
Low initial outlay - Quick access to the asset you need without a heavy upfront investment,
Flexibility - Rental payments and lease periods can be designed to match your cash flow,
Cash back - Receive most of the income from selling the asset if you choose to do so at the end of the lease,
Tax efficient - Rentals can usually be offset against pre-tax profits,
HIRE PURCHASE
This method of purchase enables you to become owner of an asset while paying for it in instalments over an agreed term. ​​​At the end of the term, you have the option to purchase the asset outright. Far more flexible than a conventional loan, Hire Purchase lets you spread the cost of your investment over the life of the asset, making it easier to budget. Hire Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment with a resell value.
Gaining time to repay by spreading the cost over the life of asset
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Ability to vary the repayment structure incurred by cash flow fluctuation
Staying in control of your assets and claim capital allowances
Ability to claim VAT on the capital cost
