Finance lease is a funding facility that allows a client full use of an asset such as equipment or commercial vehicles.
There are many reasons for using a finance lease, primarily tax and cash flow benefits. A finance lease is a funding facility that gives you full use of an asset without the risks and costs of ownership. It acts as a hire contract with the lender (the lessor) for vehicles or equipment over an agreed period of time.
Simply put, finance leasing with Huxley Corporate Finance will enable you to rent equipment, machinery or commercial vehicles without any upfront payment requirements.
“The motivation for using a finance lease can be for many reasons, primarily tax benefits or the cash flow advantage due to the treatment of the VAT on the lease rentals. (i.e. the VAT is spread over the term of the lease, unlike with hire purchase).”
Richard Huxley Director
If you’re in need of new commercial equipment but don’t have the cashflow or desire to own it outright, finance leasing with Huxley Corporate Finance is the perfect solution for you.
We have a close relationship with our large portfolio of funders, enabling us to secure finance packages to suit a broad range of requirements and situations:
Finance leases are good for business who want to buy assets without a large upfront cost, at a lower monthly cost and with greater tax advantages than with hire purchase (we explain these tax advantages in more detail in other FAQ’s included below).
The types of businesses that do apply tend to be:
Finance leases offer a range of benefits, including:
They’re especially popular for funding vehicles, machinery, and technology without tying up cash.
Approval for a finance lease can often be secured in as little as 24 to 72 hours, depending on the complexity of the application and the lender’s requirements. With access to a large panel of funders, we move quickly to find the right solution and minimise delays.
Typically, lenders will ask for:
We’ll guide you through what’s needed and liaise with the lender to ensure a smooth, efficient process.
Yes, early settlement is usually possible, although it may involve fees or outstanding interest depending on the lender’s terms. We can request a settlement figure at any time and help you weigh the costs and benefits of paying off your lease early.