Common FAQs

What is an Time Finance lease?
A tax efficient borrowing facility specially designed for businesses acquiring equipment. The finance company buys the equipment on behalf of the customer and then leases it back to them over an agreed term.

Why is an Time Finance lease so tax efficient?
If a Company leases and asset it can claim a tax allowance for the rentals its pays in addition to capital allowances.

Is borrowing from a bank cheaper?
Over the course of the lease the greater tax savings will usually mean the lease compares favourably with a bank loan or overdraft – ask your accountant.

If bank finance and lease finance are similar in cost in the long run, why shouldn’t I just go with my bank?
Bank lending is nearly always secured on your personal or business assets, or both! Our lending is unsecured. Also, bank loans and overdrafts are normally repayable on demand – check the small print! Providing rental payments are paid on time, our facility is fixed until the term ends.

Can I upgrade during the term?
Yes but it's only usually worthwhile more than halfway through the term.

What happens at the end of the lease term?
Please speak to a member of our dedicated leasing team to find out more about your options.

Are there any hidden costs?
No. All figures are agreed in advance enabling you to plan with confidence.