Finance Lease
A Finance lease is where the finance company retains ownership of the asset through the duration of the lease. With this type of asset leasing over an agreed period you can choose to pay the full cost of the asset and retain ownership at the end of period or pay lower monthly rentals based on the resell value of the asset. You can also sell the asset at the end of the period on behalf of the finance company and retain most of the proceeds.
With a Finance lease you do not have to pay the VAT in full up front instead it is added to each rental payment instalment which can be offset against the taxable profit to your business.
At Caledonia Asset Finance we have the expertise to help you select the right finance lease option for you, so you can afford what you need for your business.
Contact us about a Finance Lease agreement
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Frequently asked questions about Capital and Finance Leases
With a finance lease do I own the car or equipment?
With a finance lease the finance company owns the car or equipment throughout the period. At the end of the period if you want to retain ownership you can make a final payment. Alternatively you can sell the equipment to a third party and retain most of the proceeds.
Is there a set rate for Finance Lease?
It depends on the cost of the asset you are financing under a finance lease, however we can tailor the agreement to suit our needs.
What assets are available under a finance lease agreement?
A finance lease can help your business finance commercial vehicles and commercial equipment.
Can I sell the asset in a finance lease agreement?
It will depend on the agreement but in a finance lease you can sell the asset at the end of agreement period to a third party and retain most of the proceeds.