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You repay the capital plus interest charges over the agreed finance term. Ownership of the asset automatically passes to you upon final payment. Unlike hire purchase, there is no additional fee to acquire ownership.
You can deduct the interest cost as well as any capital allowances (wear-and-tear)
The seller charges the full VAT on the cost price, including interest
As the buyer you are able to claim the full VAT input
The asset is recorded as an 'on-balance-sheet' item
The outstanding debt is shown as a liability
You can deduct depreciation and interest costs
Structure payments to suit your financial needs.
Flexi Lease allows you to structure payment schedules to your advantage, financing your business most efficiently. Rentals are tax deductible.
You have the flexibility to structure rentals, interest rates and term
Choose between monthly, quarterly or annual rentals structured to suit your cash flow
Structured to suit your cash flow
You have the freedom to make your capital work for you
It is a financing option that eliminates the need to pay VAT up-front; you only pay VAT on each rental when it is due
It offers the flexibility to structure rentals with a final balloon payment
Rentals are tax deductible
Flexi Lease allows for early termination of contract
Have full use of the asset for the pre-agreed term.
You 'rent' the asset for an agreed term and make regular repayments that include proportions of capital, interest charges and VAT residual value. The residual value should not be less than 11% of the original cost excluding VAT.
The lessee deducts the lease rentals
The lessor charges VAT on each rental amount
The lessee can claim VAT input where the asset allows
The asset is recorded as an 'off-balance-sheet' item (subject to independent auditor approval)
The outstanding debt is shown as a note on the balance sheet
The lessee deducts rentals as an operating expense