Asset Finance

A cost effective solution to invest in the future of your Agribusiness. At Yorkshire Bank, through your local Agribusiness Partner you have access to our Asset Finance experts. They can help provide you with a business banking solution to give you the flexibility to invest for the future. Our Asset Finance solutions can provide basic, one-off asset funding through to more complex requirements and transactions, in the UK as well as abroad. Take advantage of our expertise and expand your business. 

• Agricultural Hire Purchase
• Agricultural Finance Lease
• Operating Lease

Some of the industries that can benefit most, include:

• Manufacturing
• Agricultural
• Printing
• Haulage
• Food processing
• Packaging
• Engineering
• Material handling
• Plant hire
• Transport (bus, coach and vehicle rental)
• Marine

Features

Feature	Hire Purchase	Finance Lease	Operating Lease	Euro Funding
Customer claims capital allowances
Eventual ownership
No depreciation risk (except for excess usage)
Off balance sheet
Interest allowable against tax
Rentals allowable against tax (some restrictions for cars over £12k)
Working capital & cashflow benefits
Fixed, Variable or Tailored funding options
Fixed term and repayments/rentals (subject to change in VAT)
Service and maintenance required			+
No VAT on repayments
VAT on asset cost reclaimable
VAT on rentals reclaimable (50% restriction on cars with private use)
No asset disposal problems
Receive or share in proceeds from asset sale

+ Possible
Standard (apply in most cases however there may be circumstances in which they do not apply).

To find out more, contact your Agribusiness Partner, arrange a visit to your local Financial Solutions Centre or call 08457 034 567.

Tax treatments are in accordance with current Statements of Accounting Practice. The VAT and other tax restrictions described apply to new and some used cars. The restrictions do not apply to commercial vehicles and other assets. The value of any tax benefits to you depends on your individual circumstances which are subject to change.
 

The information given on these web pages is for guidance only. It is not intended as a substitute for professional advice, and you should ask your accountant and solicitor to advise you on the implications for your business of any of the options shown above, as these may vary depending on your business circumstances.

We make no warranty that the information supplied on these pages is complete or accurate, and will not be liable for any loss or cost, whether direct or indirect, arising out of access to or use of these pages.