We understand Asset Finance can be vital for a corporate business to grow successfully. Our range of products can help you fund the new equipment or vehicles your business needs.
Allowing you to take advantage of the immediate cashflow benefits of leasing, this funding solution gives your company the opportunity to buy the asset outright for a nominal fee at the end of the agreed term. You can choose the agreement, terms and interest rate structure that best suits your requirements, including the amount of initial deposit you wish to make.
You may be able to finance up to 100% of the purchase price of an asset with this option, minimising any deposit or capital expenditure on your behalf. You can agree the periodic rentals to be paid in return for the asset and, at the end of the term, you have the option to rent the asset for a nominal sum or to sell it and retain most of the proceeds. Your cashflow will be eased as VAT is payable on the rentals only, not the purchase cost of the asset.
Ideal for businesses that need an asset for a period of time, but do not want to actually purchase it. You can benefit from the use of an asset and the income it generates. Rental payments can be tailored to match the income generated by the asset itself, or to suit your business cashflow needs. At the end of the lease, you will have the option to extend the agreement or simply return the asset to us, which will remove your responsibility for – and the cost of – compliant disposal.
Find out more about Asset Finance by talking to your Relationship Director.
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