Finance Options - Leasing

FINANCE OPTIONS What is it? Tax Based Leasing is a long-term hire arrangement between the customer and the Bank. The customer pays rental for the use of the equipment and at the end of the hire period the goods can either be retained for an extended secondary period or alternatively, disposed of. Companies can benefit from a proportion of the sale proceeds upon disposal. This is particularly suited to longer-term transactions for large items of machinery linked over 5-7 years. Benefits · Rentals are normally lower than Hire Purchase instalments as they reflect the effect of the Bank claiming ownership allowances. · Customers can benefit from sale proceeds.