Helping with your business acquire assets to stimulate growth.
Rent an asset for a period of the item’s useful life.
Rent an asset for the majority of the item’s useful life.
Funding for your Business Critical Assets
Overview of Lease Finance
Lease finance enables you to obtain a wide range of equipment necessary to operate and expand your business efficiently and effectively without having to outlay the initial cost of purchasing it. The lending is wholly or largely secured on the assets being financed. Lease finance also gives you some flexibility to replace or upgrade equipment at any time.
An operating lease is a type of equipment lease where the customer (or ‘lessee’) rents an asset for a period of the item’s useful life. An operating lease might also be known as business contract hire, particularly if it relates to commercial vehicles.
Operating leases are the simplest form of equipment leasing, where the customer doesn’t own the asset and therefore doesn’t take on the risks and rewards of ownership (such as maintenance costs). An operating lease is essentially a method of renting an asset for your business over a short or medium period.
One of the main benefits of an operating lease is that instead of appearing as an asset on the balance sheet, the monthly rental payments can be offset against profit generating a healthy tax saving.
A finance lease is a type of equipment lease where the customer (or ‘lessee’) rents an asset for the majority of the item’s useful life. Finance leases are sometimes also known as capital leases.
One key feature of finance leases is that the customer takes on most of the risks and rewards of ownership (i.e. maintenance costs and fluctuations in value), but never actually owns the asset.
What this means in practice is that a finance lease looks and feels a lot like hire purchase, but they’re different on the balance sheet.
Amplo were absolutely fantastic. We are a new company so have been struggling getting finance. Amplo really went out of their way to make sure we got the finance we needed for both plant items and company vehicles. Very professional and couldn’t recommend enough.