An Operating Lease lets you benefit from an asset whilst we take the risk of it losing its value or becoming obsolete. You get full use of the asset for as long as you need it.
How an Operating Lease works
If you need a new piece of equipment or plant to fulfil a particular order, an Operating Lease could give you just the finance you need. Use an Operating Lease to improve your cashflow immediately and streamline your finances by matching rental payments to your income.
You use the asset for as long as you need it. Then, at the end of the Operating Lease, we keep the asset or you can extend the agreement if you need to. An Operating Lease can have significant tax and financial advantages compared to alternatives such as Hire Purchase or a business loan.
Contract hire is an operating lease product with a maintenance schedule attached the solution for companies who want to concentrate on their core business activities, while avoiding the financial risk and administrative burden of owning their vehicle fleet.
Key features and benefits of Contract hire:
© 2007 The AGF Group