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We offer a finance lease agreement on terms of up to 3 years. We have a range of rates for our 3 + 33 profile which are allocated according to relevant credit searches. We don’t charge any document/admin fees; the deposit and monthly payments represent the total cost followed by a simple 1% of the total borrowing which transfers title of the goods to you, the customer. This will be clearly stated on the front of the agreement.
It is also worth mentioning that we put you directly in touch with the funder, not via a broker and therefore there are no extra fees.
All that is required from you the customer to get a funding decision within 24 hours is the following documentation:
- Permission to run credit searches
- Latest Full Accounts
- 3 months recent bank statements
If the business is a new start we will also require personal bank statements and a business plan if available.
Our 3 year term rates are between £35.95 and £39.50 per £1000 depending on credit searches. If customer ended up on the lower rate costs would be as follows for goods costing £3000 + vat:
£3000 / £1000 x £35.95 = monthly repayments of £107.85 p/m + vat with a deposit of £ 323.55 (3 months) + vat (clients can discuss claiming the VAT element back with their Accountant)
Total paid back = £3,882.60 Customer cost = £882.60 Cost per year £294.20
Our finance team are able to:
- Make quick decisions.
- Provide you with one point of contact.
- Release payment for the goods on the same day we receive completed paperwork with the deposit back.
- Finance any other equipment you may need.