Business Finance Brokers | Lease Purchase For Business

What is Finance Lease?

Finance lease is similar to hire purchase and is generally considered to be capital leases for accounting purposes.

The VAT is paid on the instalments rather than upfront.

The customer does not take automatic title to the goods at the end of the agreement.

Key Features

A finance lease is an agreement in which you get full use of the asset without actually owning the equipment. Ownership of the equipment is retained by the lender.
You can continue leasing the equipment at the end of the primary period; at which point a secondary rental specified on the finance lease documentation will commence.
Rental charges can generally be offset against profits.
VAT is paid with each payment rather than at the beginning of the agreement.

Important Information

The Secondary Period Rental is collected by the finance company at the end of the Primary period. The amount is dependent on their terms and conditions.
The asset can still be sold during the primary term and you will get a rebate for the remaining rental charges. You may be eligible for up to 100% of the sale proceeds after settlement or the balance after payment of any settlement owing.
A Documentation fee is payable (amount varies depending on the finance company).
Contracts require the end user to maintain and use the asset in accordance with the manufacturer’s recommendation.
The asset must be fully insured.
Your accountant will be able to provide more information. This information is provided for guidance only.

Contact Us

Contact an expert in your area to discuss whether Finance Lease is the best option for your business.

Locate your local expert on our Contact Us page.

Alternative Funding Options

Hire Purchase, arranged by Business Finance Brokers Ltd, allows you to use goods immediately, but pay in instalments. At the end of the hire term, you will pay An Option to Purchase Fee to transfer title of the goods to you.

Contract Hire

Contract Hire allows you to hire goods over a fixed period, before returning goods to the supplier at the end of the term. Business Finance Brokers Ltd can secure the best business contract hire rates.

Agricultural Loans

Agricultural loans are a flexible finance option, with short or medium-term finance arranged for the purchase of goods or services. Business Finance Brokers Ltd can secure the best loan rates for your business.

Business Finance Brokers Ltd is authorised and regulated by the Financial Conduct Authority, FRN: 675825. All finance is subject to status and income. Written quotation on request. We act as a credit broker and not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers.

It is our intention to provide a high level of service at all times. However, if you have reason to make a complaint about our service you should contact Business Finance Brokers Ltd at The Gables, Watling Street, Burbage, Hinckley, Leicestershire, LE10 3JA. If we are unable to resolve your complaint satisfactorily, you may be entitled to refer the matter to the Financial Ombudsman Service (FOS). Further information is available by calling the FOS on 0845 080 1800 or at http://www.financial-ombudsman.org.uk