Finance Lease
Our finance lease product gives the customer access to new equipment by way of renting it for a contracted period, without owning the asset. This asset finance option is a popular choice for SMEs that require access to equipment in order to drive business growth. The finance lease can be an affordable way to secure use of high specification equipment with a low initial outlay and the added benefit of VAT advantages (if VAT registered).
Our typical finance leases support long term equipment investment and are repayable over terms of between three and five years.
Finance Lease
A Finance Lease gives you long-term use of an asset with the benefits of ownership - without the upfront cost of buying it outright.
Facilities from £75k - £500k
3-5 year terms
Soft assets
Hard assets
How A Finance Lease 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.
Benefit From Equipment Access Without The Ties Of Ownership
Our Finance Lease arrangements let a business use the equipment they need to drive business growth without having to buy it outright. It also offers business customers use of an asset of newer, higher specification than they could otherwise purchase. Discover how it is a suitable asset finance solution for businesses and SMEs who need to access new equipment for long-term use.
Benefits of a Finance Lease
Finance Lease Requirements
- The asset must be for use in your customer’s business
- The business must be based in England or Wales
How to Apply
Approved members of the Asset Advantage Broker Panel can email: [email protected]
Direct customers can contact:
William Thompson
Email: [email protected]
Tel: 07345 416 852
Case Studies
- CapEx Term Loan
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“In 40 years of working for banks, and subsequently setting up my own brokerage, I have never met such flexibility or willingness to listen. It was a complex deal, and at every juncture you found a solution. This is exceptional service.”Term:3 YearsPurpose:AV Equipment For Commercial Property - CapEx Term Loan
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"£400,000 delivered as a blend of loan and finance lease on a 5 year term".Term:5 YearsPurpose:Fit Out Of New Start Gym - CapEx Term Loan
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“Asset Advantage offer the best rates for new starts. By bringing the deal to Asset Advantage, the client was able to get the whole deal funded.”Term:5 YearsPurpose:6 Glamping Pods - CapEx Term Loan
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"For this deal, rate was key. Asset Advantage have great rates for new starts, and having the agreement on a 5-year term meant affordable repayments for the customer."Term:5 YearsPurpose:Fit-Out & Furniture For New Start Sign-Making Franchise - Finance Lease
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“I like Asset Advantage because they are really commercial. They don’t just look at the net worth of the company, but the people behind it, and they paint a picture of how viable it might be in the future.”Term:5 YearsPurpose:Finance Lease For New Ice-Cream Kiosk - Finance Lease
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“A known business model to Asset Advantage combined with very experienced owners, led to an approval on this deal.”Term:5 YearsPurpose:Finance Lease For Horse Water Treadmill And Cold Water Spa System - Finance Lease
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“A dog grooming and hydrotherapy business is a different type of industry, but I knew Asset Advantage would take the time to consider the proposal thoroughly.”Term:5 YearsPurpose:Hydrotherapy Unit For Dog Hydrotherapy Business - Finance Lease
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“Not many other funders would offer a 5 year term on a used piece of equipment, but Asset Advantage look beyond the asset itself and base their decision-making on the customer profile, and an understanding of what that equipment would generate for the business.”Term:5 YearsPurpose:Finance Lease For Used Laser Machine For Beauty Salon - CapEx Term Loan
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“Asset Advantage always take a commercial view, which is great… the fact that this was a New Start business would have ruled it out for many funders.”Term:5 YearsPurpose:Business Loan For New Start Jewellers Secure Shop Front - Business Acquisition Loan
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"With Asset Advantage, you have the confidence and certainty that if they say they’ll do it, they’ll do it.”Term:5 YearsPurpose:Business Acquisition Loan To A Growing Security Systems Company - Business Acquisition Loan
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“Asset Advantage really like expansions and business purchases where it makes sense. Asset Advantage have a low rate for soft assets and business acquisitions which was a big driver too."Term:5 YearsPurpose:Business Acquisition Loan For Trampoline Park And Soft Play Business - CapEx Term Loan
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“This deal shows exactly why Asset Advantage is a brilliant funder... they massively supported the funding line, and showed great flexibility with combining a loan and asset finance to fully support the fit-out project."Term:5 YearsPurpose:Business Loan And Hire Purchase For Fit-Out Of High-End Cocktail Bar - Hire Purchase
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Even though the equipment requirement was a high advance for a new company, there was a good story to the deal.Term:5 YearsPurpose:Hire Purchase For 12 BBL Brewhouse - Hire Purchase
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"Industrial Racking can be a trickier asset class, and not every lender has the appetite to fund it, but this is in the sweet spot for Asset Advantage."Term:3 YearsPurpose:Hire Purchase For Industrial Racking - Finance Lease
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"A comprehensive and well thought out business plan from a New-Start customer who had experience in the print sector."Term:5 YearsPurpose:Finance Lease – Printing Equipment For New-Start Business
Contact Jonty Cooke, Broker Manager
