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Finance Lease

A finance lease is a fixed interest rate facility where ECF acquires the equipment on behalf of the customer which is repaid over a 3-5 year term.

Finance Lease benefits

  • Spread the VAT over the lease period
  • Low initial outlay
  • Tax allowable rentals

Examples of Assets

  • Commercial Vehicles
  • Engineering Machinery
  • Printing Equipment
 

Case Study

A recently established printing company based in Leeds was struggling to obtain a finance facility for a 2nd hand printing press which was essential to the development of the business. An introduction to ECF through one of its supporting finance brokers opened the way to a solution to the problem.

The owner of the printing company commented, “After visiting our premises and understanding the business, ECF were happy to offer me a 3 year finance lease based on 80% of the cost of the press, whilst taking a capped personal guarantee as top-up security.”