Finance Lease

Leasing gives the customer access to new equipment by way of renting it for a contracted period, without owning the asset.

Our typical finance leases support long term equipment investment and are repayable over terms of between three and five years.

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Finance Lease

Finance Lease

Monthly repayments over a fixed or minimum term

  • £15k to £1m

  • Term 3-5 years

  • Soft and hard assets

How it works

The leasing company (the “lessor”) buys and owns the equipment on behalf of the customer (the “lessee”). The customer pays a rental for the use of the equipment over a minimum term period.

Under a finance lease, the value of the asset appears on the lessee’s balance sheet together with a corresponding finance lease liability, with depreciation and interest being recognised in the profit and loss. The full value of the equipment is repaid to the lessor, plus interest, over the lease period.

User benefits without the ties of ownership

Our Finance Lease arrangements let a business use the equipment they need without having to buy it outright. It also offers business customers use of an asset of newer, higher specification than they could otherwise purchase.

Benefits of a Finance Lease

Low initial
outlay

Quick access to the asset they need. The cost of the asset is paid by monthly instalments rather than a large upfront investment.

Tax
advantages

VAT is payable on the rentals and can be reclaimed on each payment (if VAT registered). The depreciation charged on the asset recognised and finance charge on the lease creditor is allowable for tax purposes.

Requirements

  • The asset must be for use in your customer’s business
  • The business must be based in England or Wales

Speak to our Business Development Manager

If you’re a commercial finance broker and want to discuss how we can help your clients with asset finance, contact us.

Katie Dowse

Experts in the storybook lend

Our underwriting team take the human approach and listen carefully, to enable you to reach a deal for your client.

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    What our broker panel say

    • On a recent £200k facility that paid out, I was very impressed with the decision turnaround, clear route to completion and effectiveness of all staff involved.
    • Love the team, the process and the honest communication.
    • Very transparent, and willing to listen to ideas around structure, security etc.
    • I do enjoy the human aspect of the relationship when discussing a transaction.
    • I've always found the availability for a credit team member to be willing to visit a client in order to try and secure a facility with you, to be extremely refreshing and supportive in working together to get the same desired outcome.
    • Asset Advantage are very easy to deal with and will look to understand the customer.