| Weekly Equivalent | £ 0,- |
| First payment | £ 0,- |
| 23 monthly payments | £ 0,- |
| Total cost | £ 0,- |
| * Tax Relief @ 19% | £ 0,- |
| Net cost of finance | £ 0,- |
| Weekly Equivalent | £ 0,- |
| First payment | £ 0,- |
| 23 monthly payments | £ 0,- |
| Total cost | £ 0,- |
| * Tax Relief @ 19% | £ 0,- |
| Net cost of finance | £ 0,- |
| Weekly Equivalent | £ 0,- |
| First payment | £ 0,- |
| 23 monthly payments | £ 0,- |
| Total cost | £ 0,- |
| * Tax Relief @ 19% | £ 0,- |
| Net cost of finance | £ 0,- |
| Weekly Equivalent | £ 0,- |
| First payment | £ 0,- |
| 23 monthly payments | £ 0,- |
| Total cost | £ 0,- |
| * Tax Relief @ 19% | £ 0,- |
| Net cost of finance | £ 0,- |
All payments shown are EXCLUDING VAT, subject to status/affordability checks and are based on businesses trading MORE than 3 years (Terms and conditions apply)
A documentation fee will apply to your finance agreement, our typical documentation fee is £195 plus VAT
(This may vary depending on which lender approves your application)
Please pay full attention to the documentation fee on your finance agreement.
* Tax relief shown for illustration purposes only and are dependent on your circumstances. For tax advice, please speak to your Accountant.
For details regarding the leasing options please Call Richard Nelson 01675 469 233
What is a Finance Lease:
Finance lease is a finance agreement which will allow a business to spread the cost of new/used assets over a fixed period without the need to purchase the asset outright.
Benefits of a Finance Lease
Keep your cash flow within the business.
Tax benefits * (Please refer to your Accountant)
Flexibility as payments can be tailored to your cash flow.
The interest rate is fixed for the duration of the agreement, allowing for easier budgeting.
Rather than paying the VAT upfront, the VAT will be collected with your monthly payments.
Protect exiting credit lines by using finance lease as an alternative funding facility.
Things to be mindful of:
The finance lease agreement is secured against the asset, non-payment can negatively affect your credit rating and lead to repossession of the asset.
It will cost more overall – The interest charges mean the final cost of the asset will be more than if you were to purchase the asset out-right.
Is a lease right for me? Before deciding whether a lease is the right option to finance your asset, it’s important to weigh up all the advantages and disadvantages alongside your own personal and financial circumstances to ensure you choose the best option for your needs. Please speak to your accountant or financial advisor for further advice.
Insurance
A condition of your finance agreement is that you insure the asset with an adequate insurance policy.
Some lenders may apply a suitable insurance policy. Therefore, please make sure you read any letters regarding insurance that may be received directly from the lenders chosen insurer and act accordingly to avoid duplication.
Kennet Equipment Leasing Limited’s role: Kennet Equipment Leasing Limited works with a panel of finance lenders to find a potentially suitable arrangement for you. Sometimes we act as the lender ourselves. We will discuss this option with you if relevant.
Once we have found a potentially suitable arrangement, we will present the lender’s agreement to you which we believe achieves the appropriate customer outcome for you based on the information you have provided us with. It is important that you read the whole document carefully. We will discuss the agreement with you and will be happy to explain the terms of the agreement.
Kennet Equipment Leasing Limited do not charge you a fee for our brokering service, whichever lender we introduce you to, we will receive commission from. Different lenders pay different commission amounts based on different commission models and different interest amounts. For transparency we work with the following commission models: either a fixed fee or fixed rate of commission, a percentage of the amount you borrow or rate for risk (this is based on the risk profile of the proposal). Under some commission models that we operate under, the more that you pay to the lender the more that we may receive by way of commission.
Where Kennet Equipment Leasing Limited are acting as the lender no external commission is received. We will always direct your proposal to the funder that offers the appropriate customer outcome, if you are wanting to understand the amount of commission payable or commission model, please contact us on 01675 469219.
Data Protection To see how we use, hold and store your personal data, please refer to our privacy notice which can be found using the following link: kennet-leasing.co.uk/privacy-policy. If you would like a
Kennet Equipment Leasing Limited are authorised and regulated by the Financial Conduct Authority, FRN: 676024 as an authorised Credit Broker and Lender. Kennet Equipment Leasing work with a panel of lenders.
