Lease Finance

  • Buy what you need now
  • Competitive rates tailored to your business
  • Fixed repayments, flexible structure
  • Soft & hard assets
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Excellent 300+ reviews 4.6 stars 200+ reviews
 

Lease Finance

  • Buy what you need now
  • Competitive rates tailored to your business
  • Fixed repayments, flexible structure
  • Soft & hard assets
Excellent 300+ reviews 4.6 stars 200+ reviews
  • Both a lender and broker

  • Nearly £1bn financed since 2007

  • Expert personal service

Equipment Lease Finance

Lease the assets your business needs for growth

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What is an equipment lease?

Equipment leasing is a form of finance that allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. For example, a business may need to add or replace equipment, buy a vehicle or refit their premises, enabling them to expand or keep up with the market. A lender purchases the item, the business then leases it back through fixed monthly payments over an agreed period. 

 Typically, asset finance is provided for high value ‘hard’ assets such as machinery, equipment or vehicles, but Portman can also arrange asset finance for ‘soft’ assets such as IT, fitness, catering or vending equipment, as well as premises fit-outs, furniture or even air-conditioning. 

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How equipment leasing works

When a business is looking for new assets, they identify what is required and who they would like to buy it from. They then contact Portman to discuss their finance options who then find the deals that best suit the business need. Monthly repayments and terms are agreed and a financial agreement is formally accepted. As both a lender and a broker, either Portman or one of our panel of lenders will buy the item, which will be delivered to you. Fixed repayments are then made until the end of the term. 

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What happens at the end of the lease period?

As the asset was originally purchased by a lender, during the repayment schedule the item remains the property of that lender. Lease agreements are typically on a minimum term or fixed term lease. A fixed term lease automatically ends, whereas a minimum term lease continues after the initial term, allowing the customer to continue renting the equipment, hand the item back to the lender, or usually arrange for the purchase of the asset outright for a fee.  

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How much do equipment leases cost?

The interest rates available to each business can be very different because individual circumstances, credit history, business performance and the type of asset being purchased all affect the rate. Being both a lender and a broker, Portman can explore the market on your behalf and approach multiple providers. We then find a single deal or combination of deals which best suit your requirements. Businesses with strong credit ratings can achieve annual flat rates of 5% for asset finance. 

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Why would I use finance?

  • Buy what you need now
  • Invest in new machinery, equipment and vehicles
  • Preserve existing credit lines
  • Spread your costs with fixed monthly payments
  • Potential tax advantages
  • Avoid price inflation
  • Preserve cashflow for operational cost and contingency
  • Enable business growth
  • Secure fixed competitive rates
  • Protect your personal wealth

Lease Finance FAQs

Through our panel of over 40 lenders we offer flexible payment terms, reducing large initial outlays and protecting cashflow. 

How different are lease finance and hire purchase agreements?

With a hire purchase agreement, the borrower typically pays the VAT and a deposit upfront. With lease finance there is usually no deposit, and the VAT is spread across each payment.  

The tax treatment is different between hire purchase and finance lease. We recommend taking professional tax advice to determine which is best for your business.

With hire purchase, the borrower has a guaranteed right to buy the title of the asset, which will normally be for a nominal administration fee. At the end of a lease finance agreement, the borrower can give the assets back or continue leasing. However, purchase of the asset on a finance lease can usually be arranged for a fee.

Fulfill a contract Cover a one-off purchase Business growth Stock and equipment
How does it work?

We make things easy

We know that finance can sometimes be confusing and stressful, but what we do is simple.

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1. Get started in 1 minute.

Enquire without affecting your credit score.

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2. Understanding your business.

A dedicated account manager will discuss your needs and collect documentation.

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3. Our experts do the leg-work.

We find the right deals, complete applications on your behalf and get you a no obligation quote.

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4. Your no-fuss finance is funded.

If accepted, your assets will be bought and delivered or the finance released to your account.

Enquire today
Our experts can find the right funding for you.
Find out how we can help today.
OUR TRACK RECORD

A professional, personal service every time

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Excellent service

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Portman and the entire team are great to work with, know their lenders and products incredibly…

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Very smooth operation

I have now dealt few times with Portman Finance and it has always been very smooth and…

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Outstanding Service!!

We used Portman Finance to secure finance for a new restaurant we are opening. Jack Weston…

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Excellent / 300+ reviews

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