Our expert team are on hand to discuss your leasing needs and take you through the different options.
You can free up capital as VAT is spread across the business leasing contract, keeping upfront costs down. You even have the chance to earn some cash when your lease period comes to an end – if you choose to sell the assets on to a third party, you’re entitled to part of the proceeds from the sale.
Asset leasing can be tax efficient as repayments are considered a business expense. Certain types of business leasing also allow you to save on VAT by having it calculated based on your monthly instalments rather than the full price of the equipment.
You can control asset lease costs, allowing you to easily budget for maintaining the equipment. Some types of business leasing also allow you to create a customised repayment plan to reflect your cash flow schedule, with payment periods set up to reflect peaks and dips in your annual business activity.
You can also choose to include maintenance costs in the business asset leasing repayment plan.
With the help of asset leasing, businesses can use equipment without having to purchase it straight up. Instead, you spread your payments over a fixed term, with the possibility to renew the lease, upgrade your equipment, or return the asset at the end of the preliminary period.
The specifics of your agreement will depend on the type of leasing package you opt for. For example, with a finance lease, businesses have the option of buying the asset after the term ends. However, with an operating lease, the terms are often shorter, with assets frequently being returned at the end.
We work with our intermediary partners to help SMEs access our range of asset finance products. If you're an Aldermore customer, please speak to your existing asset finance intermediary.
If you don't have an asset finance intermediary, request a call from one of our experts.
Asset leasing can be taken out for a variety of different high-value equipment pieces. You can take advantage of business asset leasing for office equipment such as furniture, machines, computers and laptops, as well as more complex technology like servers, conferencing equipment and even advanced software solutions.
You can also use an asset lease to purchase a range of machinery for the construction, agricultural, manufacturing, and medical sectors. Retail and hospitality can also get financial support for things like kitchen equipment, display fixtures, and point-of-sale systems. Plus, business leasing can cover commercial and specialised vehicles or even fleet leasing, depending on your needs. If you need specialised assets – such as audio-visual equipment or sustainable technology – you can also turn to asset leasing as an alternative way to purchase.
This lease has a primary term with fixed rentals. At the end of the period, you can:
This is a lease with fixed rentals that reflects a predicted future residual value of the asset. That’s an amount you won’t pay, but means your rentals are reduced.
We take the residual risk and will sell the asset at the end of the agreement to recover any unpaid amount, protecting you from any potential loss. This transfer of risk may allow you to treat the asset as off-balance sheet, and give improvements on key accounting ratios. Speak to your accountant or tax advisor to see how this may apply to you.
At the end of the primary period you can:
We offer a range of flexible finance options where you can make regular repayments over an agreed period to suit your needs.
Discover our full asset finance range to see if there is something more suitable for you.
When you choose to lease instead of buy, you’re safeguarding your cash flow from any disruptions, leaving enough budget for your other operations. You also have more flexibility than being tied down with an upfront purchase, and you’re doing away with asset depreciation risks.
Business leasing with Aldermore covers a variety of assets, ranging from IT equipment to specialised tools, machinery, and even vehicles.
Asset leasing can be quite tax-efficient for companies, as it offers the opportunity to treat repayments as an operating expense, reaping all the benefits associated with that.
View all asset finance FAQs
We're proud to have been recognised for a number of industry awards:
T&Cs will apply, subject to status and affordability. Any asset used as security may be at risk if you do not repay any debt secured on it.