Asset Finance Solutions UK | Hire Purchase & Leasing

Hire Purchase

Hire purchase enables customers to acquire an asset while paying for it in instalments over an agreed time, the “term”. At the end of the term, there is an option to purchase the asset outright.

Benefits of hire purchase

More time to repay - spread the cost over the life of the asset
Seasonality - we can structure repayments to take account of seasonal fluctuations in cash flow
Keep control - as the customer still owns the asset for tax purposes, they can normally claim capital allowances
Tax efficient - the interest and charges paid for the hire purchase can be offset against pre-tax profits
Reduce costs - reclaim VAT on the capital cost (subject to current tax rules).

At QED Finance, one application with us, enables a full market search for your requirement. Matching you to the best and most suitable lender, not only saving you considerable time and effort, but preventing multiple credit searches on both your business and the owner/directors personally. A low credit score can limit your options or see you turned down by some lenders. Click below to get a quote or Apply for finance today.

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Leasing

Finance lease arrangements enable customers to use the equipment they need without having to buy it outright.

They pay rent for the use of it over the rental period which can be tailored to usage needs and cash flow. During this period, they repay the full cost of the asset, including interest.

At the end of the primary lease term they can choose to:

continue to use the asset by entering a secondary rental period
sell the asset and keep a portion of the income from the sale
return it to us

Benefits of finance lease:

Low initial outlay - quick access to the right asset without a heavy upfront investment
Flexibility - quick access to the right asset without a heavy upfront investment
Cash back - receive most of the income from selling the asset if selling it at the end of the lease
Tax efficient - rentals can usually be offset against pre-tax profits
Reduce costs - claim VAT on rentals

At QED Finance, one application with us, enables a full market search for your requirement. Matching you to the best and most suitable lender, not only saving you considerable time and effort, but preventing multiple credit searches on both your business and the owner/directors personally. A low credit score can limit your options or see you turned down by some lenders. Click below to get a quote or Apply for finance today.

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Refinance

Sale and lease back is a form of refinance that can be used against most types of equipment, making it suitable for companies of all sizes..

Under this arrangement, we would purchase the asset and then finance it back to the customer on either a hire purchase or lease basis.

Repayments are calculated typically in line with the remaining useful life of the asset. At the end of the refinance term, customer have all the options relevant to a hire purchase or lease facility. This may be to purchase the asset outright, to roll it into another term, sell it (retaining some of the proceeds) or return it to the bank.

Benefits of refinancing:

Frees up capital: existing fixed assets can help meet future investment needs
Flexible funding: can be used against most types of equipment

At QED Finance, one application with us, enables a full market search for your requirement. Matching you to the best and most suitable lender, not only saving you considerable time and effort, but preventing multiple credit searches on both your business and the owner/directors personally. A low credit score can limit your options or see you turned down by some lenders. Click below to get a quote or Apply for finance today.

Request quote Apply for funding now

	Hire Purchase	Finance Lease	Sale & Leaseback
Ownership of asset
End of term	Title transfer	Extend or sale	Extend or sale
Fixed cost agreements
VAT Paid with deposit
VAT Paid with each payment
Rentals may be tax deductable	Interest only

Asset Finance

Why use a business finance broker?

Hire Purchase

Benefits of hire purchase

Leasing

Benefits of finance lease:

Refinance

Benefits of refinancing:

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