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| Finance Lease |
With a finance lease you will lease your assets from us over am agreed period. It is a tax efficient* method of leasing assets where repayments are spread over the economic life of the asset. Financing your assets in this way will enable you to free up capital for your business.
This service is provided to you at competitive rates, where repayments can be tailored to meet your precise needs. For example, a ‘balloon’ payment can be included that reflects the assumed value of the asset at the end of the agreement. This has the effect of lowering the regular payments you make over the period of the agreement.
Although you will never own the asset, a finance lease does offer you the practical benefits of ownership without some of the potential burdens. For example, when the asset is sold at the end of the period the sales proceeds will be returned to you, less a small charge payable to us.
Key Benefits:
- Competitive - highly attractive interest rates.
- Cost efficient* - you can normally claim both tax relief and VAT on the rentals paid.
- Tailored - repayments to suit your cash flow.
- Speed - fast turnaround on decisions.
- Choice - option of lower repayments.
- Flexible - at the end of the agreement you can opt to continue to use the asset by paying a one off agreed charge.
- Ease - we will take care of almost everything.
Finance lease back to back is a specialist product for our contract hire company customers who provide vehicle funding to their customers. In this instance we provide our customer, the contract hire company, with the necessary funding so that they can deliver a funding service to their customer.
* Any tax benefits depends on your tax position and the asset funded, on which you should take specialist advice. |
| Hire Purchase |
Hire purchase is a method of funding assets where you will ultimately own the asset. It is also a tax efficient* method of acquiring assets where you pay a fixed amount over a specific period to cover the cost of the asset and the interest charges. Financing your assets in this way will enable you to free up capital for your business.
This service is provided to you at competitive rates, where repayments can be tailored to meet your precise needs. For example, a ‘balloon’ payment can be included that reflects the assumed value of the asset at the end of the agreement. This has the effect of lowering the regular payments you make over the period of the agreement.
Key Benefits
- Competitive - highly attractive interest rates.
- Cost efficient* - you can normally recover the writing down costs and the VAT on the assets, and the interest element of the repayments can be offset against taxable profit.
- Tailored - repayments to suit your cash flow.
- Speed - fast turnaround on decisions.
- Choice - option of lower repayments.
- Ease - we will take care of almost everything.
Hire purchase back to back is a specialist product for our contract hire company customers who provide vehicle funding to their customers. In this instance we provide our customer, the contract hire company, with the necessary funding so that they can deliver a funding service to their customer.
* Any tax benefits depends on your tax position and the asset funded, on which you should take specialist advice. |
| Operating Lease |
With an operating lease you will lease your assets from us over an agreed period. We build in a residual value (the value of the asset at the end of the period), which reduces the repayments, therefore bringing cash flow benefits to your business. Operating lease also typically allows for ‘off balance sheet’ funding and tax benefits*.
Although you will never own the asset, an operating lease does offer you the practical benefits of ownership without some of the potential burdens. For example, as we will obtain the asset from you at the end of period you do not need to worry about disposal or depreciation of the asset.
Key Benefits
- Competitive
– lower repayments compared to alternative finance options.
- Cost efficient* - rentals can normally be offset against taxable profit and the asset is normally treated as ‘off balance sheet’.
- Cash friendly – no need to tie up your capital.
- Speed - fast turnaround on decisions.
- Flexible - lease periods typically from 2-5 years.
- Straightforward – no disposal or depreciation worries.
Undisclosed operating lease is a specialist product for our contract hire customers who wish to provide our funding to their customers but wish to keep the source of the funding confidential.
* Any tax benefits depends on your tax position and the asset funded, on which you should take specialist advice. |
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Kel-Berg Trailers & Trucks Limited
Middleton Stoney Road, Weston on the Green
Bicester, Oxfordshire, OX25 3TH
Tel.: 01869 343 511 Fax.: 01869 343 512
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