Finance Lease
Benefits of buying with no hefty outlay
Get the latest technology and equipment with no initial outlay. Finance Lease from Clydesdale Bank, offered to businesses where a moveable asset is being purchased from a supplier, allows you the use of an asset whilst paying a rental rather than a repayment. An alternative to Hire Purchase, you can enjoy the same freedom and flexibility of a cash buyer without the headache and associated financial pressures.
- Acquire the latest technology, plant and equipment
- Receive a proportion of the proceeds from the asset sale at the end of the agreement
- Choose a payment option that best suits your needs or cashflow
To find out more:
- Call into your nearest branch or call 0845 606 4455
- If you’re an existing Business customer, contact your Business Manager
- Existing Business Direct customers, call 0845 606 4455
More Benefits
- Personal attention – dedicated Business Manager or Business Advisor can make decisions - fast
- Cash boost – capital allowance benefits are reflected in the rentals
- Save – VAT payable on each rental is normally recoverable if you are VAT registered
Further Features
- Competitive fixed and variable interest rates
- No capital outlay or upfront deposit needed
- The rental is tax deductible for business customers
- Flexible payment patterns to suit your individual needs
Complementary Solutions
- Flexible Business Loan
- Financial Planning
Important Information
- Interest rate
- Interest rates – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your Business Manager or Business Advisor for more details
- Interest type – fixed or variable rates
- Interest calculated
- Fixed – calculated at inception
- Variable – calculated daily
- Minimum term – 6 months
- Maximum term – negotiable
- Costs
- Documentation Fee – negotiable and paid at the outset of the transaction
- Fees and charges – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your Business Manager or Business Advisor for more details
- Terms and conditions
- Capital allowances are claimed by the Bank
- Sharing of proceeds from the asset sale – negotiated with your Business Manager or Business Advisor
- Full terms and conditions are available on request
In the event of non payment, breach of covenant, or non compliance with terms and conditions, we may proceed to make a call on, or realise any security pledged in support of the borrowing.
Finance Lease, Hire Purchase, Operating Lease and Euro Funding provided by Clydesdale Bank Asset Finance Limited. Clydesdale Bank Asset Finance Limited is an appointed representative of Clydesdale Bank PLC. The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty's Revenue & Customs (HMRC) practice, which are subject to change.
Terms and conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
Clydesdale Bank PLC is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.