Getting in touch
if you would like more detailed information on any asset finance products or specific quotations for a forthcoming investment in plant and equipment, machinery or vehicles, please call our Central or Southern offices on the numbers shown or email us using the contact form below.
07825 880 484 or
07773 010 008 enquiries@sterlingassetsolutions.com
Email us
if you would like more detailed information on any asset finance products or specific quotations for a forthcoming investment in plant and equipment, machinery or vehicles, please call our Central or Southern offices on the numbers shown or email us using the contact form below.
07825 880 484 or
07773 010 008 enquiries@sterlingassetsolutions.com
Email us
Thank you for your message.
We will be in touch.
We will be in touch.
Assets we can finance
Vehicles
Cars, vans, HGV’s, buses, coaches, trailers and tractors.
Machinery
Engineering, printing, IT, woodworking, plastics, construction, food processing
Other
Marine , aviation, materials handling
Vehicles
Cars, vans, HGV’s, buses, coaches, trailers and tractors.
Machinery
Engineering, printing, IT, woodworking, plastics, construction, food processing
Other
Marine , aviation, materials handling
Hire Purchase Hire Purchase is a straightforward repayment contract where you eventually own the asset at the end of your agreement.
Benefits of Hire Purchase
Lease Purchase Usually associated with motor vehicle funding, this repayment facility is structured with a proportion of the vehicle’s value deferred until the end of the agreement. Ownership of the vehicle passes once all payments have been made.
Benefits of Lease Purchase
Finance Lease A Finance Lease is a rental agreement that allows you to use an asset without having the risks associated with ownership. The Lessor retains title to the asset and at the end of the primary period of the leasing agreement you have the option of extending your rental agreement into a secondary period or sharing in the proceeds when the asset is sold. Customer repayments are subject to VAT.
Benefits of Finance Lease
Operating Lease This is a rental agreement which differs from a finance lease in that the primary period rentals do not cover all of the capital cost and hire charges. For example, a lease for a new lathe costing £100,000 may include a residual value at the end of the primary period of £25,000. The primary period rentals are thus based on £75,000 and not the capital cost of £100,000. Repayment periods are fixed and normally include a usage clause i.e. mileage p a or hourly usage p a.
Benefits of Operating Lease
Benefits of Hire Purchase
- Flexible funding – deposits are negotiable and repayments can be structured to suit your cash flow.
- Fixed or Variable Rate Options – you decide which is best for you.
- Tax advantages – normally you can claim capital allowances and the interest element of monthly repayments is allowable against taxable profits.
- Ownership – the asset can be shown on your balance sheet.
Lease Purchase Usually associated with motor vehicle funding, this repayment facility is structured with a proportion of the vehicle’s value deferred until the end of the agreement. Ownership of the vehicle passes once all payments have been made.
Benefits of Lease Purchase
- Low initial outlay.
- Lower monthly repayments.
- Provides you with a greater purchasing power.
Finance Lease A Finance Lease is a rental agreement that allows you to use an asset without having the risks associated with ownership. The Lessor retains title to the asset and at the end of the primary period of the leasing agreement you have the option of extending your rental agreement into a secondary period or sharing in the proceeds when the asset is sold. Customer repayments are subject to VAT.
Benefits of Finance Lease
- Low up-front costs – a small initial outlay gives immediate use of the asset.
- VAT is added to each rental rather than being payable in a lump sum at the outset, protecting cash flow.
- Lease rentals can usually be offset against taxable profit (special rules apply to cars).
- Flexible repayment structure – rentals can be tailored to suit your cash flow.
- Shown on balance sheet.
Operating Lease This is a rental agreement which differs from a finance lease in that the primary period rentals do not cover all of the capital cost and hire charges. For example, a lease for a new lathe costing £100,000 may include a residual value at the end of the primary period of £25,000. The primary period rentals are thus based on £75,000 and not the capital cost of £100,000. Repayment periods are fixed and normally include a usage clause i.e. mileage p a or hourly usage p a.
Benefits of Operating Lease
- Improved cash flow as payments are lower than on equivalent Hire Purchase or Finance Lease agreements.
- Low initial outlay.
- Tax relief is usually available in respect of lease rentals (special rules apply to cars).
- Rentals are off balance sheet.
- VAT is reclaimable on rentals.
- No residual risks and no disposal worries.