Methods used to finance Business Vehicles or Equipment include:-
Operating Lease
This means:-
- An arrangement to rent equipment for a term;
- At the end of the lease period, you return the equipment to the financier;
- Most suitable for equipment you upgrade regularly e.g. office equipment and computers;
- Rental may be tax deductible depending on circumstances. Please contact your Accountant or Tax Adviser to see if these or other tax benefits apply to you;
- In most cases the equipment is sufficient security.
Chris George
Business Vehicle and Equipment Finance
