A finance lease allows you to select and use an asset by paying rentals over the term of the agreement. The tax benefit of a finance lease is the ability to offset the rental cost against your taxable profits. Your cash flow is eased as VAT is payable on the rentals only, rather than on the purchase cost of the asset, resulting in a lower upfront cost.
At the end of the finance lease you can choose to either sell the asset and receive the full net proceeds, enter into a secondary rental period at significantly reduced rentals or return the asset to us.
If you would like to unlock equity held in your existing assets we also offer the solution of a sale and lease back where we purchase the asset from you and simultaneously lease it back to you via a finance lease agreement.