Asset finance is an efficient way of financing the acquisition of an asset, be it a car, commercial vehicle, equipment or machinery. Rather than borrowing money to buy the asset you borrow the asset itself.
For many businesses, Vehicle Leasing is a very attractive and cost effective way of keeping the entire sales fleet and delivery vehicles updated and on the move.
Leasing can be used in a variety of situations whether it is for that new executive car, the entire fleet or delivery vehicles that need to be replaced.
Finance Lease is a method of leasing used when a business wishes to have flexible options at the end of the lease, either to extend the agreement beyond the original term (by making a small annual payment) or to obtain the value of the equity in the vehicle on disposal. Fixed rentals are a feature of this type of leasing, which makes budgeting of transport needs much simpler. In addition, lease rentals may (subject to current legislation) be offset against a business's taxable profits and can, in certain circumstances, reduce or defer its tax liability.
Benefits of Vehicle Leasing
- Immediate use of new vehicles with minimum cash outlay
- Cash resources and bank credit lines are preserved thus maintaining liquidity
- The term of the lease can be matched to the economic life of the vehicle
- A professional sales image is reflected with a modern and up-to-date fleet
- Sales Professionals are motivated knowing that vehicles will be changed at regular intervals
What type of vehicles can be leased? All vehicles can be leased whether it be cars, delivery vans, trucks, coaches, etc. For more information, please contact us on 0191 488 8445 |
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