The Advance contract hire package – “additional peace of mind”

The benefits of fixed cost lease finance can sometimes be lost because of variable maintenance costs.

With our contract hire facility, we fix the cost of the maintenance over the lease term and collect one easy Direct Debit payment to cover both the finance element and the maintenance.

This makes budgeting even easier.

100% Tax efficient

Our contract hire packages are written to allow the customer to offset 100% of their rentals as an expense in their accounts and as such they reduce the customer’s taxable profit and therefore, also reduce the corporation tax bill.

Cash flow benefits – “Cash is king”

Many businesses, large and small, suffer from cash flow problems.  Spending cash on new equipment can tie up this valuable resource.  Our leasingcontract hire facilities allow the cost of the equipment to be spread over a number of years and enable the customer to keep their cash reserves in tact.

Equipment should be self-financing – “make it earn its keep”

New equipment may take a while to generate enough profit to cover the initial cost; meanwhile the customer’s cash has left their bank account.  Contract hire means that it pays for itself from the income and profit that it generates over its useful working life.

Unsecured lending

The equipment that is being contract hired is usually the only security that is necessary. No property is used as security; however, occasionally the finance company may need directors’ guarantees for some Limited Companies.

Fixed costs for budgeting – “peace of mind”

At the start of the contract hire the customer will know exactly how much the monthly rental is and no matter what happens to bank base rates during the term of the hire period, the rentals will remain fixed, which makes budgeting for the investment so much easier