Finance Leasing from Credo is a form of leasing that allows you to benefit from sales proceeds, spreading the cost through monthly repayments and having VAT efficient deposits.
Unlike Hire Purchase where VAT is paid upfront, Finance Leasing allows you to spread the VAT across the monthly payments.
Taking out a finance lease is particularly beneficial for non VAT registered businesses who are unable to claim back the lump sum of VAT that is applicable in a hire purchase contract. A finance lease will allow non VAT registered businesses to spread the cost of VAT, improving cash flow.
Some of the benefits of using Finance Lease are:
- Sales ProceedsReceive the lions share of the sales procceds at the end of the lease.
- Spreading the cost of VATAcross the length of the contract to reduce the deposit payable front end
- Our flexible lending approachMeans that you will get the best interest rate for your business.