If you want to maximise the use of your equipment without the responsibility of owning it, a finance lease gives you the freedom and flexibility you may need. Choosing this product keeps your upfront costs low and allows you to reclaim VAT on each monthly rental. Each monthly rentals counts as an expense rather than an owned asset on a balance sheet.
At the end of the primary term, you can either:
- Enter into a secondary rental period
- Choose to sell the asset and receive a fixed percentage of the sale price
- Return it to the finance company