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Not all businesses have the available capital to pay for new vehicles or equipment upfront. For those that do, it might not be the most cost-effective use of their company’s working capital.
But hiring the equipment, by way of a Finance Lease, allows use of the new machinery or transport with manageable payments over a set period of time.
Key benefits of leasing business assets include:
Utilise the asset without the liability of ownership
Monthly payment plan tailored to your business needs
Payments can be deducted from income as a trading expense
Choice of options available when the primary lease period ends
Choices available when the lease period ends:
1. Continue to use the asset, with reduced annual payments
2. Return the asset to Praetura
3. Sell the asset to a (neutral) third party for fair market value and receive a portion of the profits
Financing solutions to enable businesses to grow
Asset finance can help a wide range of businesses, providing funding for a vast array of assets
Efficient
Making budgeting easier, with potential tax benefits too.
Flexible
Arrangements tailored to the needs of your business.
Quick
Decisions turned around quickly, funds can be available within days
Utilise the knowledge of the Praetura experts to find out more:
Leasing can be arranged for a wide range of ‘hard assets’ including:
Company cars
Vans, lorries and trucks
Mini-buses, buses and coaches
Classic, luxury and performance cars
Construction
Engineering
Manufacturing
Waste and recycling
Agriculture
Entertainment and leisure
Printing
Packaging and more!