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Premier Finance & Leasing
First for Business Finance
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Finance Lease (Lease Rental Agreement)

Our asset finance service allows any business or commercial organisation to obtain the use of a capital asset without the cost coming out of the bank account at day 1.  Frequently the asset will be able to pay for itself by earning profits or reducing costs so that the effect on your cash flow is actually positive rather than negative.

Different types of agreement are available to suit the different types of asset you may want to acquire and the way you want to schedule the payments.

A finance lease is by far the commonest means of acquiring equipment without paying for it outright.

The term of the lease and frequency of payments will be chosen to make the regular payments match your budget but should not be longer than the useful life of the equipment.

Although the asset belongs to the lessor for the term of the agreement you take responsibility for the equipment during that time including insurance and maintenance.

The key characteristic of finance lease is that, unlike lease purchase, the documentation states that you cannot own the equipment. This means that where the transaction involves a qualifying asset, the lessor receives capital allowances and this benefit is reflected in lower rental payments.

Since you may well want to continue using the equipment or asset after the primary term of the lease we arrange either a “peppercorn rental” or more commonly transfer of title to you via a third party.