An Operating Lease lets you benefit from an asset whilst we take the risk of it losing its value or becoming obsolete. You get full use of the asset for as long as you need it.

• With an Operating Lease rental and return conditions are fixed at the outset
• We take the risk in the resale value of the asset for you
• Improved cashflow and tax-efficient payments

How an Operating Lease works

If you need a new piece of equipment or plant to fulfil a particular order, an Operating Lease could give you just the finance you need. Use an Operating Lease to improve your cashflow immediately and streamline your finances by matching rental payments to your income.

You use the asset for as long as you need it. Then, at the end of the Operating Lease, we keep the asset or you can extend the agreement if you need to. An Operating Lease can have significant tax and financial advantages compared to alternatives such as Hire Purchase or a business loan.

Contract Hire

Contract hire is an operating lease product with a maintenance schedule attached the solution for companies who want to concentrate on their core business activities, while avoiding the financial risk and administrative burden of owning their vehicle fleet.

• Key features and benefits of Contract hire:
• Fixed rentals for the whole package, making budget planning with contract hire easier
• Flexible contract hire terms to meet your requirements with variable duration and mileage terms
• Maintenance of contract hire vehicles can be included in monthly rentals, and so spread the cost
• Contract hire removes depreciating assets from the balance sheet and the associated risks of owning vehicles
• Contract hire offers flexible invoice arrangements help to considerably reduce administration