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FAQ

Q. Why should I lease assets when I could buy them outright?

A. It allows your business capital to be used for projects which will hopefully help your business grow and make increased profits. Leasing lets you pay for your assets as they are being used by your business over time. There are also tax benefits which enable 100% of lease repayments to be written off against profits.

Q. Wouldn't a bank loan or overdraft be better than leasing?

A. A bank loan is a viable option but several issues must be considered. If interest rates rise a bank loan may become more expensive. Bank loans reduce your available credit facilities thereby affecting future borrowing opportunities. From a tax perspective only the interest payable on the bank loan and the capital allowances are tax deductable. With an overdraft or loan there is always a small possibility that the bank may decide to withdraw the facility during more difficult times of trading or that rates could rise in line with banking policy.

Q. What if I need to add onto or upgrade my assets in the future?

A. With a Lease rental agreement, you can add onto it or upgrade it anytime you need to in the future. This allows you to continue to meet your future needs and remain in control of your budgets.

Q. What happens at the end of a lease contract?

A. In most cases you will be offered the option to purchase the equipment at the end for a nominal fee upon expiry of the lease.

Q. On what types of assets are you able to arrange finance?

A. Anything with a good residual value where there is a good second hand market. For example, vehicles, telephone / IT systems, industrial equipment etc.

Q. What terms will you consider?

A. We are able to source repayment terms to suit your cash-flow, offering periods between 12 months to 7 years and with payment profiles to suit your requirements.

Q. What happens after the finance is repaid?

A. Based on your requirements, options are available to enable the ownership of the asset to remain with you or renew. Re-finance of the assets is also an option.