What is Lease Finance?
Lease Finance, simply gives businesses like yours access to equipment that you need in order to grow your business, without the need for large capital outlays.
Rather than paying the full order value to the equipment supplier (as with outright purchase), instead, pre-agreed rental payments are made by businesses to use the equipment for an agreed amount of time, generally between two to five years.
The popularity of lease finance is growing year on year, in 2018, £33 billion of finance was provided to the business sector and public services (FLA)
Asset finance represented over a third of UK investment in machinery, equipment and purchased software in the UK last year (FLA)
The Customer Benefits of Leasing
Leasing is a smart investment solution which creates flexibility and benefits companies in so many ways.
Here are some key reasons why so many organisations like yours use leasing as an alternative to cash or a bank facility.
Keep cash flow within the business rather than handing over a lump sum for a depreciating asset.
Get the equipment based upon your needs not just when budgets allow.
Enjoy fantastic tax advantages, payments are tax deductible unlike using cash.
Keep up with the latest technology with the ability to upgrade at any time throughout the lease period.
Structure lease payments to suit your needs and allowances.
Protect existing credit lines by using leasing as an alternative funding facility.
Spread the cost of your purchases in line with the return on the investment.
Spread the cost of the VAT which is paid in instalments rather than as a lump sum up-front (excluding Hire / Lease Purchase agreements).
The Lease Process
Stage 1: You would like to lease some equipment?
Simply contact us
Stage 2: Quotation
We will send you a lease quote clearly outlining set monthly/quarterly rental payments over a period of 2, 3, 4 or 5 years
Stage 3: Credit Acceptance
If you would like to go ahead, Sprint and our finance partner will take care of the credit clearance and administration.
Once we have cleared your business for credit you will receive your lease agreement from Sprint
Stage 4: Your Equipment is installed
Once our finance partner has received your signed lease agreement the equipment will be installed by Sprint and ready for use.
Your lease agreement is activated and you begin to pay the monthly/quarterly rentals over the chosen period of time.