How finance leases work?
A finance lease is generally used to fund long-life equipment, or when a business wants a possible ownership option with a defined cost at the end of an agreement.
When to use finance leases?
A finance lease is commonly used to:
- Utilise a tax-deductible asset finance product
- Smooth cash flow by agreeing to set payments over a specified period
- Consider ownership at the end of the agreement
- Incorporate servicing and disposal costs into their agreed cash outlay