Leasing
Finance Lease
Maintaining a competitive advantage in your business often means
keeping up with technological advances. But acquiring the use
of new plant and equipment or simply replacing older, outdated
models can be an expensive exercise - draining your capital
base and placing an even greater burden on your cashflow.
Finance Lease, however, enables businesses to acquire the use
of plant, equipment and motor vehicles for business purposes,
without tying up large amounts of capital.
Fleetline
Running a fleet of vehicles can be time consuming, especially
when you have to apply for finance each time you want to purchase
a new vehicle. However, with a Fleetline facility a simple drawdown
form is all that is required to obtain finance.
Fleetline is a revolving credit facility that replaces the need
for individual hire purchase agreements. And because you have
a pre-approved limit, there is no need to complete a new application
every time you want further funding. The minimum limit available
is £200,000. Interest is calculated on your average daily
balance. One statement and one payment per month cover your
whole facility, making for easier internal accounting. Simple
documentation lets you access funds when and, as you need them.
Operating Lease
Leasing is the modern solution to your equipment and commercial
vehicle requirements. Instead of tying up your capital and resources
in buying new equipment and commercial vehicles, you can lease
the latest model and enjoy the benefits of Operating Lease,
without the burden of ownership.
Our network financers purchases the asset you specify and leases
it to you over an agreed term, for a series of fixed lease payments.
The term must not exceed 75% of the asset's useful life (as
determined by IRD guidelines).
At the end of the term, there are no residual payments to make
and you have three options. You can:
Return the equipment or commercial vehicle with no residual
obligation
Upgrade to a new equipment or commercial vehicle under a new
Operating Lease
Continue to lease the equipment or commercial vehicle on a month-by-month
basis. |
