What is lease agreement?
Leasing is basically a rental agreement giving you (the lessee) the right to use an asset owned by the lessor (finance company) for a fixed period of time in return for regular payments (rental payments), and is a tried and trusted method of growing a business without reducing it’s cash flow.

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How can my business benefit from leasing?
All businesses can benefit from utilising equipment leasing. Whether the business is new or established, financially strong or challenged. Leasing will provide you with the necessary equipment, when you need it without the large down payments generally required by banks.

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What types of equipment can I lease?
We can arrange equipment leases for all types of equipment, as long as it is used for business purposes. We have arranged leases for all types of equipment including lawn mowers to Land Rovers, from key cutting machines to the kitchen sink and communication systems to combine harvesters.

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Do I need a large down payment?
Typically a large deposit is not necessary. You can start your lease with normally either one or three months rentals in advance.

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I need to raise some money, can I finance equipment I already own?
Yes, this is known as sale and leaseback - where one party sells a property to a buyer and the buyer immediately leases the property back to the seller. This arrangement allows the initial buyer to make full use of the asset while not having capital tied up in the asset. Leasebacks sometimes provide tax benefits.
Generally any asset with a proven resale value which can be uniquely identified with a serial number or other form of identification can be used for sale and leaseback.

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My credit isn't perfect, will I be able to have a lease?
Past credit issues do not necessarily disqualify you from obtaining a lease. The underwriters will consider many factors such as, how long you have been in business, what equipment you are buying and your current business performance.

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What are the tax benefits?
Leasing is wholly allowable against taxable profits.

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What are the end of term options if I lease? Do I own the equipment?
You can make an offer to purchase some or all of the equipment if you want to own it. However you also have a number of other options that may help you better manage change.
For example:
• Continue to lease some or all of the equipment for a further period or
• Trade up some or all of the equipment, to new equipment or
• Return some or all of the equipment…with no further obligations

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Who services or maintains the equipment?
As a lessee, you receive all the benefits of "buyer" warranties and are therefore, responsible for the care and maintenance of the equipment.

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What about insurance?
For your protection as well as our own, as legal owners of the equipment, we require that all leased equipment be insured.

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Why is leasing cash flow friendly?
Leasing allows you to pay affordable monthly payments and spread the equipment cost over its useful life. Purchase means that you are paying for 3 or 4 years use up front. Would you pay an employee's salary, 3 years in advance?

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Why lease equipment, rather than buy it?
Leasing technology equipment makes economic sense. It gives you use of the equipment for as long as it's useful to you. Rather than paying for three or four year's use up front, as you do when you buy, you spread the payments over the useful life of the equipment. Also you can expense the payments and you have the flexibility to acquire the latest technology when you need to.

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