Finance Lease
Enjoy the benefits of acquiring new assets without the hefty outlay
Finance Lease from Yorkshire Bank enables you to benefit from the latest technology and equipment with no initial outlay. A Finance Lease is offered to businesses where a moveable asset is being purchased from a supplier. This allows you the use of an asset whilst paying a rental rather than a repayment. An alternative to Hire Purchase, a Finance Lease means you can enjoy all the benefits and flexibility of a cash buyer without the hassle and associated financial pressures.
- Acquire the latest technology, plant and equipment
- Choose a payment option that best suits your needs or cashflow
- Receive a proportion of the proceeds from the asset sale at the end of the agreement
To find out more, contact your Relationship Partner, arrange a visit to your local Financial Solutions Centre or call 08457 03 45 67.
More Benefits
- Personal attention – dedicated Relationship Partner can make decisions - fast
- Save – VAT payable on each rental is normally recoverable if you are VAT registered
- Cash boost – capital allowance benefits are reflected in the rentals
Further Features
- The rental is tax deductible for business customers
- Competitive fixed and variable interest rates
- Flexible payment patterns to suit your individual needs
- No capital outlay or upfront deposit needed
Complementary Solutions
Important Information
- Interest rate
- Interest rates – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your Relationship Partner for more details
- Interest type – fixed or variable rates
- Interest calculated
- Fixed – calculated at inception
- Variable – calculated daily
- Minimum term – 6 months
- Maximum term – negotiable
- Costs
- Documentation fee – negotiable and paid at the outset of the transaction
- Fees and charges – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your Relationship Partner for more details
- Terms and conditions
- Capital allowances are claimed by the Bank
- Sharing of proceeds from the asset sale – negotiated with your Relationship Partner
- Full terms and conditions are available on request
In the event of non payment, breach of covenant, or non compliance with terms and conditions, we may proceed to make a call on, or realise any security pledged in support of the borrowing.
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 can change.
Terms and conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.