Overview
Under a lease, the business gets the use of an asset in return for periodic lease rentals, instead of paying its full cost at the outset. This preserves cash and working capital for day-to-day operations.
Lease arrangements can cover a single asset or a programme of acquisitions over time.
Key features
- Finance for machinery, equipment and commercial vehicles
- Lease rentals spread over the useful life of the asset
- Lower upfront outlay than an outright purchase
- Lease period matched to how long the asset is needed
Who it is suited for
- Manufacturers adding or replacing plant and machinery
- Businesses that need vehicles or equipment to operate
- Companies that prefer to conserve capital for other uses