Also known as a “Rental agreement or Finance Lease”.
Leasing is the most popular and common method of financing equipment.
Low or no deposit to pay, fixed monthly payments, tax efficient and the supplier is paid once they have delivered or installed the equipment,
Typically an agreement runs from 12 months to 5 years but longer terms are possible subject to the type of equipment funded.
Seasonal or annual payments (for Schools etc) can be arranged. VAT is applied to each payment.
Using third party leasing leaves your bank line free for other uses.
Leasing can be used to acquire virtually any type of asset.
The list of assets suitable for a financial lease is vast, they include: