Operating Lease
Cut your costs and improve cashflow
An Operating Lease facility can help your business free up its working capital and plan your finances, by providing off balance sheet funding and rentals based on the planned economic use, rather than the life of the asset. With an Operating Lease you receive full use of an asset while paying a rental during the agreed period.
- Funding for moveable assets
- Based on planned economic use, rather than the life of the asset
- Cashflow relief – no heavy initial outlay and fixed repayments help budget planning
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
- Off balance sheet funding
- Capital allowance benefits are reflected in the rentals
- Rentals are normally offset against taxable profit
Further Features
- Measurable return conditions set at outset of lease. If return conditions are exceeded then excess charges may apply
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 Business Manager or Business Advisor for more details
- Interest type – fixed
- Interest calculated
- Fixed – calculated at inception
- 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 claimed by the Bank
- Return conditions apply
- If return conditions are exceeded then excess charges will apply
- 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.