We will consult with you to get a deep understanding of your overall plans and what you want to achieve. By taking a holistic approach and understanding you and your business, we use our experience to blend different finance approaches and strategies. We offer you the strongest proposition and match you to a solution based on the type of assets you require, your timeframes and your financial situation.
Talk to usLease Purchase, or Hire Purchase as it is sometimes referred to, means you make repayments over an agreed period of time with full ownership of the asset at the end of the term.
The VAT will be paid upfront but can be claimed back immediately if you are VAT registered, and interest costs can also be claimed back against your profit and offset against capital allowances.
Make regular payments but the leasing company technically owns the asset. For this type of solution, payments can be offset against tax and VAT payments are included in the monthly installments. At the end of the term you have three options - return the asset; pay secondary rentals; or purchase the asset (title).
Often considered as a revenue expense as you are technically ‘renting’ the asset from CVF, this option enables you to deduct payments from your profit and loss therefore offering 100% tax benefit. Leased assets will not appear on your balance sheet as you don't own them but you can continue to pay to use it after the agreement ends. VAT is paid on each monthly installment but this means that monthly repayments are generally lower.
Refinancing existing assets and agreements can be a great way to consolidate and unlock cash flow. If you already own assets, refinancing against the value of them could be an option to raise cash to further fund a purchase or the deposit against new kit.
An option for funding non-tangible assets such as software, IT and support contracts.
Many manufacturers and brands have exclusive arrangements with CVF and these are just some of the examples of arrangements we can make. To find out what we can do for you, or if you just want some friendly impartial advice call us on +44 (0) 203 987 6670 or drop us an email to hello@creativevisionfinance.com
We will tailor a finance solution that is just right for you; compare the benefits of some options see below:
Lease/Hire Purchase | Finance Lease | Operating Lease | |
---|---|---|---|
VAT Upfront | |||
VAT Payable On Rental | |||
Bank Owns Asset | |||
Appears On Balance Sheet | |||
Customer Depreciates Asset | |||
Title Automatically Transfers | |||
Balloon Payment | |||
Debt On Balance Sheet | |||
Interest Tax Deductible | |||
Rental Tax Deductible | |||
Capital Allowances | |||
Secured Against Asset |
Asset finance, as shown above, is different to other forms of funding such as bank loans or an overdraft as it is not repayable on demand. The asset is our security so often we offer more flexibility and have better terms than a bank loan.
We are dedicated to providing straightforward lending options tailored to your specific circumstances and desires.
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