Equipment Finance

Vector Professions Finance understand it is imperative for today's forward thinking practice to have the right equipment and create the optimum working environment. The support of a dedicated finance provider can play a vital role in equipment planning and acquisition. Why not benefit by using the most up to date technology whilst spreading the cost for it over a period of time?

Through our equipment finance schemes you can benefit by using the most up to date office technology from computers to copiers telephone systems and furniture.

Finance Lease

• Most suitable for equipment with a shorter life span such as information technology .
• Match the working life of the asset to the rental period of the agreement.
• Payments tailored to tie in with your budgetary requirements.
• Equipment can be upgraded during the agreement period.
• Claim all leasing payments as a taxable expense.
• Option to continue renting the equipment on lease termination.

Lease Purchase / Hire Purchase

• Most suitable for assets with a longer life span.
• Payments designed to tie in with your budgetary requirements.
• nterest charges maybe offset against taxable profits reducing the cost of financing the equipment with capital allowances available.
• Option to own equipment out right on lease purchase plan completion

Sale & Leaseback

• Works similarly to lease agreement detailed above except you will have already acquired the equipment and will act as the supplier by invoicing the finance house for the cost of the goods.
• This arrangement is applicable if your organization is registered for VAT.
• The benefits are that working capital is freed up and other credit lines remain in tact.

Pre Lease

• The popular pre lease facility is a temporary contract designed for transactions over £25,000 enabling stage payments to be made to suppliers in line with your contractual obligations.
• Transfer to the master agreement occurs on completion of installation.

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