Finance Lease for Handling Equipment
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Finance Lease for Handling Equipment
A finance lease for handling equipment agreement gives you access to what you need, without large upfront costs. Instead of purchasing the machine outright, your business leases it over a fixed period while making regular, fixed payments. At the end of the term, you can extend the lease, upgrade or return the equipment.
Finance lease agreements are great for businesses seeking operational flexibility and easy access to modern equipment. You will still benefit from full use of the asset, without the responsibilities and financial commitments that come with ownership.
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Finance leases are designed to support your use of high-quality equipment without tying up capital. This option could work well for you if you:
- Would like access to the latest materials handling equipment with minimal initial costs.
- Prefer fixed, manageable monthly payments for easier budgeting.
- Do not require ownership of the asset.
- Want a flexible agreement with potential options for upgrades or extensions.
So, how is a finance lease agreement different from hire purchase?
Hire purchase leads to ownership at the end of the term, while finance lease agreements allow you to use the equipment for set periods without owning it. You will still have full operational access; however, the finance provider will retain their ownership.
This option can be more flexible for businesses looking to stay current with the latest equipment or avoid the risks and responsibilities associated with asset ownership.
FAQs
Got questions? We specialise in solutions!
Take a look at some of the most common queries about our products, service and policies. Don’t see what you’re looking for here? Please get in touch with our team, and we’d be happy to answer any questions you have.
- Is finance leasing tax-efficient?
Yes – lease payments can typically be offset against taxable profits as an operating expense. Please speak to your accountant or financial advisor for specific advice.
- Do I own the equipment?
No. With a finance lease, the finance provider retains ownership throughout the term.
- What if I need to change equipment during the lease term?
In some cases, lease agreements can be structured to allow upgrades or changes. Please get in touch with our team to discuss this further.