Business Asset Finance in Leeds
We understand the importance of getting the right funds at the right time with is why we tailor our services to suit your requirements. Whether you need a loan to help manage cash flow or buy new machinery, we are happy to help.
Contact our team today on 01423 522 571 for more information about our services in Leeds and the surrounding areas.
Flexible Asset Finance
There are several types of business asset finance available, including Hire Purchase (HP) and Leasing. These services are flexible and simple methods of retaining the majority of your working capital while acquiring assets for your company.
Hire Purchase is a popular option that is tailored to your budgetary requirements. All businesses have different needs, which is why flexibility is so important. With this choice, you pay all VAT upfront together with a deposit and at the end of the agreement, you can have sole ownership.
With Leasing, the lender purchases the property on the company’s behalf and then leases it to them at an agreed monthly cost. Unlike Hire Purchase, VAT is payable as part of the regular payments and no deposit is necessary.
To take ownership of the vehicles, property or other items at the end of the agreement, Hire Purchase is the best option. With a payment plan tailored to your budgetary requirements, you can spread the costs over time.
Some of the benefits of Hire Purchase include:
- Fixed or Variable Payments
- Claim Back VAT
- Use the Latest Equipment
For tax purposes, you are the owner of the property straight away and have complete control of the maintenance, repairs, servicing and insurance. This service provides a quick and efficient turnaround so you can have a cash flow friendly solution as soon as it is required.
With a Finance Lease, you get all the benefits of ownership, but the lender remains the legal owner. This business asset finance service is efficient as no initial deposit is required, so budgeting for the costs is easy.
Our Finance Lease agreements provide you with control over your costs. For example, payments for maintaining the equipment can be included in the monthly expenses.
When you reach the end of the lease term (primary period), you have the option to continue into the secondary period or sell the property to a 3rd party on our behalf. If you choose to sell, you will receive the proceeds of the sale.
An alternative option is an Operating Lease which offers cheaper monthly rent. VAT is spread over the agreed period and you can also reclaim it as a business expense.
In addition to Hire Purchase and Leasing in Leeds, we offer a range of other financial packages to suit your requirements. These services include:
- Asset Based Lending
- Asset Refinance
- Bridging Finance
- Business Loans
- Commercial Mortgages
- Invoice Discounting
- NPIF Loan
Our team are happy to offer advice on any of the packages mentioned above. Please get in touch if you have any questions.
Contact Us Today
To find out more about our business asset finance services in Leeds and the surrounding areas, please get in touch with our team today. Call us on 01423 522 571 for a free consultation. Alternatively, send us a message via email at email@example.com or through the contact form for a prompt response.