Asset finance is a type of finance used by businesses to obtain the equipment they need to stay competitive. It involves paying a regular charge for use of the asset over an agreed period of time, thus avoiding the full cost of buying the asset outright. The most common types of asset finance are Leasing and Hire Purchase.Leasing gives the customer access to new equipment by way of renting it for a contracted period, without owning the asset.The leasing company (lessor) buys and owns the equipment on behalf of the customer (lessee). The customer pays a rental for the use of the equipment over a predetermined period.
Asset finance can be used to fund any asset – ranging from telephones, photocopiers, full office refurbishment through to medical equipment. It could be the perfect solution if your business needs new equipment that might otherwise be unaffordable. The various forms of asset finance provide a number of advantages for the customer:
Alongside Corporate Vehicle Services, the Professions team can provide funding options for all your other business needs:
We offer loans from 12 months to 5 years and can cover a whole range of needs. We can provide loans for but not limited to: Annual Subscriptions, General Equipment Purchases, Furniture & Fittings, EPOS, IT & Telecoms, Software Licences, VAT Payments, Tax Payments (Corporation & Income), Refurbishments, Building Renovations, Stock Purchases, Business Acquisition, Relocation Costs, Training Costs, Office-insurance Premium and more.
Hire purchase (or lease purchase) lets you spread the purchase cost ofan asset over a longer period with fixed monthly payments. We help design a payment profile to suit your business and we offer flexibility on the cost of your deposit, fixed payments and the final lump-sum.
Finance lease affords you some of the benefits of full ownership. The finance company purchases the asset and leases it to you over an agreed term, for a small initial outlay plus a fixed monthly rental which is tailored to meet your needs. When the lease term is over, you don't own the asset – but the finance company will give you a portion of the resale value.
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* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 0333 344 7363
F: 0370 240 3700
Mann Island Finance
Corporate Vehicle Services
5 St Paul's Square
Mann Island Finance Limited is part of the Investec group of companies. Authorised and regulated by the Financial Conduct Authority for credit-related regulated activities. Registered office: Reading International Business Park, Reading, RG2 6AA. Registered in England. Company registration no. 02750308. Business customers may not be protected under the Consumer Credit Act 1974 or the rules of the Financial Conduct Authority.
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