These flexible solutions allow you to purchase assets over a pre-determined period.
Enjoy the freedom and flexibility of a cash buyer, but spread the cost of your capital assets, thus preserving your cash flow for use in the business. Buy at today’s prices and repay from future income with payments that can be matched to your income stream.
Here are some of the advantages of these solutions:
- Reduced initial capital outlay
- Flexible repayments best suited to your trading cycle
- No VAT payable on repayments
- Interest charges offset against taxable profits
- Capital allowances the same as those of outright purchase
- Assets appear on the balance sheet from the start of the agreement
- Transfer of ownership on completion of the agreed term with payment of nominal option-to-purchase fee
- Variety of funding options available
- Lease Purchase combines the benefits of hire purchase with payment patterns similar to those of a lease