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Operating LeaseOperating Lease

A rental agreement which can be used to finance a broad spread of business assets but is particularly effective for financing commercial vehicles, such as HGVs and Buses/Coaches.

Attractive for those businesses who require 'off-balance sheet' funding and as the agreement includes a residual value, the monthly rental payment is lower than normally associated with HP or Finance Leasing.

The benefits:-

  • Low deposits as little as one monthly rental down with the VAT spread over the term of the agreement
  • Helps preserve your cash flow
  • Competitively priced as the finance company includes a residual value on the vehicle/equipment into the finance deal, the monthly cost is lower for your business
  • Fixed maintenance contracts may also be built in to the monthly rental.
  • Tax efficient could be a more tax advantageous when compared to HP
  • Off-balance sheet' (subject to your accountants approval)
Flexibility at the end of the term whereby the business can either return the asset or extend the rental period. Your business does not carry the problem of disposal of the equipment.

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