Finance Leasing
The benefits:
Flexibility
monthly payments can be arranged to suit the cash flow of the company and are predetermined at the outset
Cost-effectiveness
the writing down allowances claimed by the leasing provider are passed on in the form of lower monthly rentals
Capital versatility
capital resources are retained within the business and requirements for working capital funding minimised
Easily managed
the primary rental period covers the capital cost and interest charges on the asset making continued use of the asset simple through annual peppercorn rentals via a secondary agreement.
Normally the only requirements for a finance leasing company are that the business has been trading profitably for a period of up to 3 years as shown in the trading accounts and that bank statements for the preceding 6 months are available.