Finance Lease
This facility in its basic form is a RENTAL facility, this means that the asset cannot be owned by the customer – the risks and rewards of ownership rests with the finance company.

Finance lease is a popular flexible method of funding a broad spread of business assets.
  • When the asset is sold you normally receive the lion's share of the sale proceeds.
  • The flexible repayment structure gives you immediate and full use of the asset for a minimal outlay.
  • Rentals can be set according to your cash flow - especially beneficial if your business is seasonal.
  • Fixed or variable interest rate - you make your own assessment and choose accordingly.
  • Rentals can normally be offset against taxable profit. Asset treated as 'on-balance sheet'.
  • VAT is paid on the rentals not the purchase price.
  • The finance company claims writing down allowances, and these are reflected in the rentals you pay. Any asset can be funded in this way however most common are items that have a limited future value and/or are replaced regularly on a 3 to 5 year cycle – these include computer equipment, office furniture and telephone systems.

 

MacManus Asset Finance Ltd is a company registered in England. Company registration number 5785432.
Registered Office: 66 Drum Tower View, Castell Maen, Caerphilly, CF83 2XW
Consumer `Credit Licence Number: 591425
MacManus Asset Finance Ltd is a full member of the National Association of Commercial Finance Brokers - www.nacfb.org