What is a Business Finance Lease?
With a finance lease agreement, the finance provider purchases an asset on your behalf (you select the equipment from the supplier of your choice) before leasing this back to you. At the end of the finance period there are options available. You can enter a second rental period or alternatively assign a third party to purchase the asset.
Finance leasing is a tax-efficient, cost-effective way to acquire the equipment your business needs. It is ideal for businesses looking to manage their cash flow and the ability to spread the VAT over the period of the contract aids cashflow.
