Finance Lease

Also known as a "full pay-out" lease, this is a method of financing assets over an extended period in a cost effective manner. Leasing keeps money in your business rather than tied up in depreciating assets. With regular repayments to meet your cash flow and budgetary requirements over a time frame to suit you, this is a very cost effective alternative to paying cash.

In legal terms, a lease is an agreement between the lessor (the finance company) and the lessee (you - the customer) to rent equipment for a fixed period, which does not transfer ownership to the lessee.