Leasing
Available for companies and business professionals to allow them to use business goods such as motor vehicles, trucks, industrial plant, professional or earthmoving equipment.
How it works
The finance company purchases the equipment or vehicle you require and then leases the goods to you. You then enjoy the use of the vehicle or equipment for an agreed time in return for a series of rental repayments.
You can finance the outlay you’ve already made for goods purchased in the last six months.
What is the lease agreement?
The lease agreement sets out the:
- residual value of the goods
- term of the lease in months
- monthly rental
- depreciation rate.
When the lease expires
You can choose to:
- return the equipment to the finance company who can sell it in the market place (you would need to make up the shortfall if the net sale was less than the agreed residual value)
- Take up any invitation that we may give you to purchase the equipment
Product Benefits
No initial cash outlay
The finance lease gives you immediate access to the goods your business needs without a capital outlay so you can put your day-to-day cash flow to better use.
Negotiate your payments and residual value
Within an approved range allowing more flexibility in budgeting.
Flexible terms
Match your finance to the length of time the asset is required – from one to five years.
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