Leasing

• Prearranged finance gives you the freedom and flexibility of a cash buyer
• No heavy initial outlay and fixed repayments help cash flow and budget planning
• Flexible payment options to suit your business – for example monthly, quarterly, half yearly, annually
• Capital allowance benefits reflected in rental payments
• VAT payable on rentals as opposed to one lump sum, normally recoverable if you are VAT-registered
• Rentals generally allowable as a revenue expense
• The agreed period of the lease is calculated within the working life of the asset
• At the end of the agreed lease period you can choose to terminate the contract by informing us who to sell the asset to, or you can extend the lease term by paying a small annual rental for as long as the asset is required
• At the end of the agreement, the asset is sold and you benefit from the major proportion of the sale proceeds

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