Main Menu Button
Login
Lease Finance · Strategy & Uses

The Lease Finance 100.
Strategy & Uses

Focus: Smart usage, investment approaches, and case studies.

16+Questions
100%Expert Answers
FCARegulated
What are the benefits of leasing a fleet for a business?
TL;DR Discover the key financial, operational, and tax benefits of fleet leasing for UK businesses. Learn how contract hire improves cash flow, reduces maintenance worries, and provides modern vehicles.
Read Full Article →
Can a lease finance agreement be renewed or extended?
TL;DR Understanding if you can renew or extend a UK lease finance agreement is vital. We detail your options, including secondary rentals, refinancing, and the compliance implications.
Read Full Article →
What documents are required for lease finance?
TL;DR Discover the essential documents required for lease finance applications in the UK. We detail the necessary business accounts, identity proof, and financial statements you need.
Read Full Article →
How does lease finance affect a business’s tax planning?
TL;DR Understand how lease finance structures (operating vs. finance leases) impact Corporation Tax, VAT obligations, and balance sheet reporting for your UK business.
Read Full Article →
How can businesses choose between finance lease and hire purchase?
TL;DR Choosing between finance lease and hire purchase is crucial for business assets. Learn the differences in ownership, balance sheet impact, tax treatment, and residual value to make an informed decision for your UK business.
Read Full Article →
How does lease finance benefit the construction industry?
TL;DR Discover how lease finance benefits the construction industry by improving cash flow, accessing essential equipment quickly, and maintaining capital liquidity for project growth.
Read Full Article →
How does lease finance impact capital expenditure?
TL;DR Understand how lease finance affects capital expenditure (CapEx) in the UK. Explore operational vs. financial leases, accounting treatment (IFRS 16), and the impact on business balance sheets and cash flow.
Read Full Article →
Is it possible to negotiate lease finance terms?
TL;DR Yes, it is possible to negotiate lease finance terms in the UK, especially on contract length, initial rental, and residual values. Learn how to prepare, what lenders look for, and key negotiation levers.
Read Full Article →
Can lease finance improve liquidity for a growing business?
TL;DR Understanding how lease finance can improve liquidity for a growing business is crucial. We explore the benefits of asset leasing, managing cash flow, and ensuring compliance for UK SMEs.
Read Full Article →
What factors should be considered when choosing a lease finance provider?
TL;DR Choosing the right lease finance provider is crucial for your business. Learn about the essential factors, including rates, terms, reputation, and flexibility, to secure the best deal.
Read Full Article →
What should businesses consider before choosing lease finance?
TL;DR Choosing lease finance requires careful evaluation of costs, types (operating vs. finance), tax implications, and contract terms. Understand the risks before committing.
Read Full Article →
Can hospitality businesses benefit from equipment leasing?
TL;DR Equipment leasing is a flexible financing option for UK hospitality businesses needing updated gear. Discover the benefits, risks, and how leasing helps manage cash flow effectively.
Read Full Article →
What trends are shaping the lease finance market in the UK?
TL;DR Explore the key factors and emerging trends shaping the UK lease finance market in 2024. Understand the shift towards sustainability, digital integration, and flexible asset financing options for businesses.
Read Full Article →
How is technology changing lease finance options?
TL;DR Discover how digital tools, AI, and big data are transforming lease finance, making options faster, more transparent, and highly personalised for UK businesses and consumers.
Read Full Article →
Understanding How Lease Finance Benefits Small Businesses in the UK
TL;DR Lease finance is a crucial funding tool for UK small businesses seeking to acquire essential assets—from vehicles and machinery to IT equipment—without…
Read Full Article →
Addressing the Question: What Are Common Myths About Lease Finance?
TL;DR Lease finance is a cornerstone of business growth in the UK, allowing companies, regardless of size, to acquire essential assets—from vehicles and…
Read Full Article →

Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.

More than 50% of borrowers receive offers better than our representative examples

The %APR rate you will be offered is dependent on your personal circumstances.

Mortgages and Remortgages

Representative example

Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66

Secured / Second Charge Loans

Representative example

Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20

Unsecured Loans

Representative example

Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774
Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG

Authorised and regulated by the Financial Conduct Authority – Number 681423
The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages

Website www.promisemoney.co.uk