Asset finance
Asset finance
We can help with a wide range of financial solutions, provided by Lombard, to help you find the best way to finance vehicle, IT and machinery acquisitions. Leasing enables you to acquire expensive equipment without a large initial outlay, helping your cash flow - and can help your business adapt to market conditions and adopt new technology.
You can choose the most suitable way to pay. You can choose from:
- a straightforward repayment facility: hire purchase/lease purchase
- flexible funding: renting rather than buying: finance lease
- a guaranteed residual value: operating lease (planned rental)
- known, fixed costs: contract hire
- flexibility at the end of term: contract purchase
As well as providing the finance, Lombard offers an extensive range of insurance management and procurement solutions to help you get the most from your business assets. When it comes to cars and vans, Lombard can supply a range of the UK's most popular business vehicles at prices you'll find hard to beat.
| Option | Features | Benefits |
|---|---|---|
| Hire purchase/lease purchase | A straightforward repayment facility where you can ultimately own the asset at the end of the repayment period. | Fixed or variable interest rates, with repayments structured to suit your cash flow requirements. |
| Finance lease | A flexible method of funding a broad spread of business assets. A Finance lease offers all the practical benefits of ownership but without any of the potential burdens. | You gain immediate use of the asset with minimum initial outlay and payments can be arranged to suit your cash flow. Rentals can normally be offset against taxable profits. |
| Operating lease (planned rental) | Particularly effective for high-value and specialised assets and vehicles. An operating lease guarantees the residual value of an asset, which means the repayments are lower than traditional finance. | Rentals can be matched to your cash flow and can normally be offset against taxable profit. You can normally treat the asset as 'off balance sheet', subject to your auditor's approval. |
| Contract hire | With this simple-to-manage option, Lombard takes care of the administration of the assets, leaving you to concentrate on more important business activities. | Fixed monthly repayments help budgeting forecasts, and rentals can normally be offset against taxable profit. Assets may also be treated 'off balance sheet', subject to your auditor's approval. |
| Contract purchase | Similar to contract hire with added flexibility at the end of the term. | At the end of the agreement you can keep, sell or return the asset - the choice is yours. |
For more details about your options, please go to www.lombard.co.uk
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