A finance lease is a contract between the funder and your business, whereby the business essentially rents an asset from the funder in return for pre-agreed regular payments. This a great option for businesses where they do not want to own the asset while having full, uninterrupted access and use of the asset through an agreed hire term.

Benefits and Features

• End of term flexibility. At the end of the agreement, you can either choose to extend the lease over a longer term, return the asset to the funder, or sell the asset to a third party on behalf of the funder whilst retaining a portion of the income.
• Cashflow. A finance lease can be a suitable option for a business looking to minimalize cost upfront. VAT is paid per monthly instalment and not required upfront.