Finance Lease
Benefits of buying with no hefty outlay
Get the latest technology and equipment with no initial outlay. Finance Lease from Yorkshire Bank is available to businesses where a moveable asset is being purchased from a supplier and allows you the use of an asset whilst paying a rental rather than a repayment. Finance Lease is an alternative to Hire Purchase, you can enjoy the same freedom and flexibility of a cash buyer without the immediate associated financial pressures.
- Acquire the latest technology, plant and equipment
- Receive a proportion of the proceeds from the asset sale at the end of the agreement
- Choose a payment option that best suits your needs or cashflow
To find out more:
- Call into your nearest branch or call 0845 606 4477
- If you’re an existing Business customer, contact your Business Manager
- Existing Business Direct customers, call 0845 606 4477
More Benefits
- Personal attention – Business Manager or Business Advisor can make decisions - fast
- Cash boost – capital allowance benefits are reflected in the rentals
- Save – VAT payable on each rental is normally recoverable if you are VAT registered
Further Features
- Competitive fixed and variable interest rates
- No capital outlay or upfront deposit needed
- The rental is tax deductible for business customers
- Flexible payment patterns to suit your individual needs
Complementary Solutions
- Flexible Business Loan
- Financial Planning
Important Information
- Interest rate
- Interest rates – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your Business Manager or Business Advisor 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 Business Manager or Business Advisor for more details
- Terms and conditions
- Capital allowances are claimed by the Bank
- Sharing of proceeds from the asset sale – negotiated with your Business Manager or Business Advisor
- 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.