Asset finance

If you want to cut depreciation costs or fund the purchase of new business equipment, we could help you with a finance package tailored to match your business needs.

Available through our partner Lombard, a leading UK asset finance provider, we help businesses put almost any asset to work for them.

Lombard has business centres in the UK, Ireland, Guernsey, Jersey, the Isle of Man and Gibraltar.

Find out more about Lombard

Managing any business asset – obtaining, maintaining and disposing – can put a strain on your business finances and your time.

With asset finance, Lombard could provide the finance you need– and take away the hassle you don’t need.

• Almost any type of asset – Lombard offers fully managed solutions for computers and cars, plant and machinery – in fact, most types of business asset.
• Make VAT savings – for non-vehicle assets company use only vehicles, you can normally reclaim the rental VAT. For vehicles used for private purposes, you can normally reclaim half the rental VAT.
• Keep your costs down – Since Lombard owns the asset, you can benefit from low monthly payments.
• One asset or many – it doesn’t matter if you’re a small business or a multi-national, or if you need a single computer or a full computer network – Lombard helps every kind of business.
• Fully comprehensive packages – you can include servicing and maintenance costs and even have insurance added to the package.
• Flexible – you can sell the asset, continue the rental period or just write it off when the agreement ends.
• No disposal worries – Lombard disposes of the asset for you so you don’t need to worry about depreciation values or manage the sale.

The Lombard website contains in-depth information on solutions for your business.

Visit the Lombard website

Buying business assets can put an unnecessary strain on working capital, a strain you could do without in uncertain times. With leasing you can keep your capital, and enjoy other benefits as well.

• Easy budgeting – you know what your monthly costs are, and there are no surprise bills.
• No ownership burden – Lombard can take care of servicing and repair bills for old technology, plant and equipment.
• Avoid depreciation costs – and no more frustration when you can’t sell old equipment for a decent price.
• Free up working capital – put it to better use in the areas where it can really make a difference to your business.

Whatever assets your business needs, there’s a leasing plan that’s just right.

Type of asset	Type of finance
	Contract hire	Finance lease	Operating lease	Sale and leaseback	Car & van finance
Cars and vans
IT and technology
Plant and machinery
HGVs
Buses and coaches
Construction & handling equipment
Agricultural equipment

Find out how Lombard leasing can help your business

With Lombard you can finance almost any type of business asset, including:

Cars and vans – business and commercial vehicles, from a single car or van to a nationwide fleet
More on cars and vans

Technology – from an IT upgrade to a complete communications system
More on technology

Haulage – intelligent finance options for your trucks
More on haulage

Buses and coaches – stop your transport vehicle assets from becoming your liabilities
More on buses and coaches

Plant and machinery – obtain new or used plant, machinery or machine tools
More on plant and machinery

Construction and materials handling – finance for all your on site and off road equipment and vehicles.
More on construction and materials handling

Agricultural – from a tractor to a complete food production line
More on agricultural

Marine – fund the boat you’ve always wanted
More on marine

Aviation – expert help in purchasing fixed wing aircraft and helicopters
More on aviation

Some asset finance plans let you purchase the asset at the end of an agreed period. In the meantime, you continue to make monthly instalments and the finance company retains title to the asset.

Hire purchase tax savings

Normally, your business can claim writing-down allowances and possibly capital grants. Repayment interest can be offset against profits and VAT is usually wholly or partly reclaimable.

Hire purchase – a simple repayment facility, where you ultimately own the asset. Includes flexible payments and perhaps a balloon final lump sum
More on hire purchase

Contract purchase – the control of ownership, but with greater flexibility at the end. A guaranteed residual value helps make the asset more affordable
More on contract purchase