A finance lease gives you fixed repayments allowing simple budgeting. One major benefit is that as VAT is payable on each lease payment rather than in full at the outset, it offers a more manageable option. The process begins with a primary lease period, typically 2-5 years – covering the full cost of the equipment. At the end of primary lease, there are two options, request the equipment to be sold to a third party with the proceeds from the sale yours to keep. Alternatively, opt for a secondary lease period, continue to use the equipment in exchange for prearranged annual fee.
Ripon Farm Services help you grow your business with a finance lease offering low initial capital outlay, fixed payments, fixed interest and no usage restrictions.