Available Finance Solutions
What is key in respect finance is that not every purchase will fit every option available, the key is to understand what is required & then present the solution to fit your individual requirements. Solutions can be both an “off the shelf” & or a “bespoke” option.
Asset Finance Product Comparison
|
|
Hire Purchase |
Finance Lease |
Contract Hire |
Refinance |
Loan |
|
Leaves working capital intact |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Customers can claim against Annual Investment Allowances |
Yes |
No |
No |
No |
Yes |
|
Rentals can be tailored to cash flow |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Rentals are normally tax deductible |
Interest Only |
Yes |
Yes |
Interest Only |
No |
|
Ownership at end |
Yes |
No |
No |
Yes (no if S & L back) |
Yes |
|
Fixed term agreement |
Yes |
Yes |
Yes |
Yes |
Yes |
|
VAT paid with deposit |
Yes |
No |
No |
N/A |
No |
|
VAT paid on each rental |
No |
Yes |
Yes |
No (yes if S & L back) |
No |
|
VAT defer allowed (subject to underwriting) |
Yes |
N/A |
N/A |
N/A |
N/A |
|
Optional maintenance |
No |
No |
Yes |
No |
No |
|
Additional Security Required |
Subject to Underwriting |
Subject to Underwriting |
Subject to Underwriting |
Subject to Underwriting |
Yes |
Solutions can also be offered for:
Property
Bridging
Invoice Discounting / Factoring
Marine & Aviation
Sale & HP + Lease back
Trade & Stock
Stock
Technology (including software)
