Finance products
Hire Purchase/Lease Purchase
- Customers pay an initial deposit or instalment, plus the full VAT if applicable, and the balance is paid over the remaining term – commonly 1 to 5 years.
- Instalments can be made monthly, quarterly, annually or seasonally.
- Once all payments have been made, legal ownership is passed to the customer.
- The asset is included on the customer’s balance sheet, and capital allowances can be claimed against taxable profits.
- Allows customers to purchase assets without the full capital outlay, and without tying up existing bank credit lines or overdraft.
Finance Lease
- Customers pay an initial payment or advance rental(s), followed by periodic rentals over the remaining term – commonly 1 to 5 years.
- VAT is paid – and reclaimed - on each rental rather than on the full cost of the goods.
- Rentals can be made monthly, quarterly, annually or seasonally.
- The Lessor retains title to the asset, but the customer is entitled to sell the goods on the Lessor’s behalf and retain up to 99% of the sale proceeds.
- The asset is included in the customer’s balance sheet, and rentals can be tax deductible.
Also available
Operating Lease
Contract Hire
Commercial Loans
Refinance
Please call us for more information.
Motor Finance
- New or used cars, vans & commercial vehicles
- Contract Hire, Leasing & Hire Purchase
- Refinance & finance of balloon payments
- Vehicle sourcing
- Maintenance contracts available
Finance for Ltd companies, partnerships, sole traders and company directors
Plant & Machinery Finance
- All types of machinery, forklifts & materials handling
- Engineering, printing & manufacturing industries
- Flexible terms & low deposits available
- Hire Purchase & Leasing
- Refinance of existing assets
- Market leading rates
agricultural & construction finance
- Terms tailored specifically for the agriculture & construction industries
- Agricultural machinery & vehicles of all types
- Construction assets from excavators, dumper & HGV’s to specialist equipment
- Hire purchase & Leasing
- Refinance of existing assets
- Market leading rates