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HIRE/LEASE PURCHASE

This enables you to obtain the use of an asset by spreading the cost of the asset and interest over a fixed period of time. The funder will purchase the asset on your behalf. However, at any time throughout the agreement you can settle the outstanding balance. You can then acquire title to the asset by paying the option to purchase fee.

FINANCE LEASE

A Finance Lease enables you to acquire core assets to help develop your business without using cash reserves. The funder buys and owns the asset on your behalf and in return you pay a rental payment for a fixed period. You are responsible for maintaining the asset in good condition during this time. At the end of this agreed time you can retain the asset, sell it or return it to the funder.


Asset Finance...

These are just some of the Asset Finance products we can arrange to help you build your business.

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OPERATING LEASE

This product has all the benefits of a Finance Lease. The only difference is that the residual value of an asset is considered when calculating the rental amount.


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CONTRACT HIRE

This is the type of finance that businesses use to fund vehicles off the balance sheet. This product is arranged in a similar way to an Operating Lease. The fixed term period of a Contract Hire deal can be arranged between 1 and 5 years. Additional packages including maintenance, replacement tyres, breakdown and a relief vehicle can be added to your agreement for an extra cost.


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SALE AND HIRE PURCHASE/LEASEBACK

A Sale and Hire or Leaseback agreement enables you to raise money against assets you own whilst still retaining the use of them. The finance company values your asset and offers you a cash amount based on the asset’s value. If you are happy with this valuation you enter into an agreement to repay the finance company over a specified time. At this end of this period you regain title to your assets.


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VENDOR/SALES AID FINANCE

Vendor Finance enables you to supply flexible finance direct to your clients and therefore offer a combined vehicle/ goods and financial package.  Sales Aid Finance can be tailored to suit your individual needs.


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