How Does It Work?
- You identify the item that you need to acquire.
- The asset finance provider will acquire the item on your behalf.
- A lease agreement is written up and you begin to lease the item from them for an agreed period at a set monthly payment.
- Once the lease period is over, the item is returned to the asset finance provider.
Is an Operating Lease Right For My Business?
Operating leases are ideal for items that are only needed for a set period of time, as they will usually be for a fixed, short term. This can be ideal for items that will quickly become obsolete or when newer, better models will soon be launched.
Operating leases allow for items to be regularly upgraded and can be a hassle-free solution for business owners. By removing the need to maintain and dispose of the item, a lot of time can be saved by acquiring your new equipment using an operating lease.
To find out more about operating leases, or to get started with your application, enquire online now or call us on 01922 620008 and an asset finance expert will be in touch quickly.