Rental options: Operating lease

Keep your costs down and your commitments low

Operating lease gives you lower monthly rentals than hire purchase, because we own the vehicle throughout its life. At the end of the contract term, you simply return the equipment to us and think nothing more of it. And because we are assuming the risk in the asset, it's shown on our, and not your, balance sheet, so you can free up borrowing capability for where it's needed in your business.

Key benefits:

• Lower monthly rentals than traditional hire purchase
• Just hand back the vehicle at the end of the contract – nothing more to pay (subject to return conditions)
• Equipment is off-balance-sheet, so you can free up cash for other purposes
• Fixed monthly rentals, so you can confidently predict cashflow
• Unlike hire purchase, VAT is not payable up front but is spread across the term of the agreement – a clear cash flow benefit to your business

* All references to taxation (and/or VAT if applicable) treatment are subject to confirmation by your professional advisers.