It is very easy to confuse this product with a lease.
Small Business Lease Purchase is practically identical to Small Business Hire Purchase, the only difference being that instead of paying a deposit of 10-15% you typically pay a deposit as a multiple of the repayments. The remaining balance and interest is repaid in instalments. The number of instalments is defined by the pause.
As an example, a Small Business hire purchase agreement would have a 10% deposit followed by 36 monthly repayments. The equivalent Small Business Lease Purchase would have a profile of 3 payments in advance followed by 33 (if terminal pause) or 35 (if spread pause) monthly repayments.
With a Small Business Lease Purchase, your eligibility for the VAT and writing down allowances is exactly the same as for a Small Business hire purchase, and you can expect the fee structure to be the same.
Again, Small Business Lease Purchase agreements can be based on a fixed or variable rate, and the monthly commitment can be reduced by the inclusion of a balloon. Use our Online Small Business Lease Purchase Contact Form for more Small Business Lease Purchase details or call 0800 0735353.
Sterling Capital Reserve are specialists in all forms of Small Business Asset Finance from Small Business Asset Capital Finance to Small Business Computer Asset Finance. This service is also called Small Business Asset Funding or Small Business Asset Based Finance.
Asset Finance covers Small Business Contract Purchase like Small Business Vehicle Finance, Small Business Hire Purchase, Small Business lease purchase or Small Business Leasing and Small Business Leasing and Asset Finance.
Asset Finance services can also be used for Small Business Capital Raising.
UK Business Lease Purchase | UK Commercial Lease Purchase | UK Online Business Lease Purchase | Poor Credit Commercial Lease Purchase | Adverse Credit Commercial Lease Purchase | Non Status Commercial Lease Purchase | Small Business Lease Purchase | Best Value Commercial Lease Purchase | Bad Credit Commercial Lease Purchase | Competitive Commercial Lease Purchase
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Commercial Asset Finance Deal.
