A finance lease allows companies and business professionals to purchase goods such as motor vehicles in a more cash-friendly way. The Financier purchases the goods on your behalf and then leases the goods to you. You have use of the vehicle or equipment for an agreed time in return for a series of affordable rental repayments,
When the lease expires, you can choose to return the equipment to the financier who will then sell it in the market place (you would need to make up the shortfall if the net sale was less than the agreed residual value). Alternatively, at the expiry of the term the vehicle or equipment is available for purchase.