Call us on 0121 452 1977
Monday to Friday 9am to 5:30pm
There are many examples of what can be financed including; plant and machinery, agricultural equipment such as farm machinery, construction equipment, materials handling equipment and technology equipment.
The usual initial rentals start at three rentals but are flexible. You can keep the initial outlay low if required or higher if you prefer lower monthly rentals. You pay Vat on the monthly rentals instead on the cost of the item and you can also choose a final rental payment to defer some of the cost or alternatively finance the whole capital cost of the item.
At the end of the contract the item is sold and you receive around ninety seven and a half percent of the proceeds. This amount varies between finance companies. The finance company owns the equipment until it is fully paid which means you can not claim write down allowances, however this is reflected in your monthly rentals.
At the end of the term, the item has to be bought on an "Arms Length" agreement. It can't be bought by the company that has received the tax benefits during the life of the agreement. Finance Lease is only available to businesses, partnerships and sole traders where they are vat registered.
In addition to providing finance lease for business assets such as machinery, plant and equipment Finance Lease is often used for vehicles and since our parent company National Fleet Services specialises in vehicles we are able to recommend that company to any clients that need finance lease for vehicles whilst we look after the other assets.
Charter Hall Asset Finance
T: 0121 452 1977
BVRLA Reg Number: 1463 | Financial Services Register Number: 680691 | Company Reg: 3247145
Registered Office: 5 The Croft, Buntsford Drive, Bromsgrove, B60 4JE
Charter Hall Asset Finance is a trading style of National Fleet Services Limited.
Charter Hall Asset Finance are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 680691