We’ll work with you to create a payment plan tailored to your business and cash flow needs.
A Finance Lease is an agreement under which you (the lessee) other than the legal owner (Lombard) of an asset obtains the right to the use of that asset. When most of the risk and rewards are transferred to the lessee this is classified as a Finance Lease. Although the legal title remains with Lombard you are in effect financing the lessee’s purchase of the leased asset.
If a qualifying vehicle is used for business purposes and you are VAT registered (special rules apply) you may be able to recover some of the VAT applied to the lease rentals. In specific businesses the lease rental VAT may be 100% recoverable.
Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances
Customers need to insure and maintain the asset. We can not say for definite whether a particular tax treatment will definitely apply. Contact us or see your contract terms for more details.
To discuss Finance lease in more detail you can contact one of our specialists who will be able to give you expert advice depending on your individual needs and tailor a funding plan to your business requirements.