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Lease Finance: Flexible Leasing Solutions for Your Business

Speak to our Dorchester based team today and find out how we can fund your business growth.

At Honey Asset Finance, we offer a range of leasing options designed to give your business access to essential equipment, vehicles, or machinery without the need for a large upfront investment. Whether you're looking for a finance lease or an operating lease, our solutions provide flexibility, tax advantages, and tailored payment terms that align with your cash flow needs.

Leasing is an ideal option for businesses that need to use high-value assets without purchasing them outright, allowing you to conserve working capital while still benefiting from the use of those assets. With Honey Asset Finance, you’ll enjoy fixed monthly payments and flexible terms that make it easy to manage your expenses while keeping your business moving forward.

What is Lease Finance?

Lease finance is a versatile solution that allows businesses to rent an asset over an agreed term without taking on ownership at the end of the contract. This form of financing offers significant advantages, including:

  • Conserving Capital: Leasing enables you to access the equipment or vehicles you need without large upfront costs, preserving your working capital for other essential business expenses.
  • Fixed Monthly Payments: Payments are tailored to your cash flow, providing predictability and stability in your monthly outgoings.
  • Tax Efficiency: Lease rentals are often fully deductible as a business expense, offering potential tax benefits.

At the end of the lease, you have options depending on the type of lease you choose—whether it's extending the lease, returning the asset, or potentially selling it to recover a portion of the costs.

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Whatever you’re looking to finance, we’re on hand to assess the needs of your business and move your business forward.

Types of Lease Finance We Offer

At Honey Asset Finance, we offer two main types of leasing solutions: Finance Leases and Operating Leases. Each option comes with its own set of benefits, depending on your business needs and the type of asset you're acquiring.

Finance Lease: All the Benefits of Ownership, Without Owning

A Finance Lease is a popular choice for businesses that want to benefit from the use of an asset over a long period without the responsibilities or risks of ownership. With this lease option, you get all the economic benefits of owning the asset, including fixed monthly payments and spreading VAT over the lease term.

A Finance Lease is ideal for businesses that want to maintain access to high-value assets over the long term while retaining flexibility at the end of the agreement.

  • Fixed Rentals: Payments are agreed upon upfront, giving you predictability in your cash flow over the lease period.
  • Full Asset Usage: You can use the asset for the full duration of the lease, just as if you owned it, but without the burden of an upfront capital purchase.
  • Flexible End of Term Options: When the lease term ends, you won’t own the asset, but you’ll have the option to either:
  • Extend the Lease: Continue using the asset by renewing the lease under new terms.
  • Sell the Asset: The asset can be sold, and you’ll receive the majority of the sale proceeds as a rebate.

Operating Lease: Lower Monthly Payments, Full Asset Usage

An Operating Lease is a type of lease that involves renting the asset for only a portion of its useful life, rather than the entire lifespan. It is often referred to as business contract hire when it involves commercial vehicles. The key feature of an Operating Lease is that a residual value is built into the agreement, which lowers your monthly payments.

An Operating Lease is ideal for businesses that want to lower their monthly costs while still using the latest equipment or vehicles. It’s particularly useful for assets that have a high resale value or are used for a fixed period, like vehicles or technology that may need to be upgraded regularly. 

  • Lower Monthly Rentals: Since the lease is based on the asset’s residual value at the end of the lease term, your monthly payments are lower compared to a finance lease.
  • Flexibility at Lease End: At the end of an operating lease, you typically have three options:
  • Return the Asset: Hand back the asset with no further obligations.
  • Purchase the Asset: Pay a final payment to acquire the asset outright.
  • Sell the Asset: Sell the asset and retain any sale proceeds as part of your agreement.

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Benefits of Leasing with Honey Asset Finance

At Honey Asset Finance, we go beyond simply providing finance solutions—we tailor our leasing options to suit your specific business needs, offering a range of benefits:

  • Tailored Payment Plans: We work with you to create a lease agreement with fixed monthly payments that match your cash flow, ensuring you can manage your finances efficiently.
  • Flexible Lease Terms: Whether you need a short-term solution or a longer agreement, we offer flexible lease terms that fit your operational timeline.
  • Tax Efficiency: Leasing payments can be classified as a business expense, providing potential tax savings for your company.
  • Access to the Latest Equipment: Leasing allows you to regularly update your assets, ensuring that your business always has access to the latest technology and equipment.
Whatever you’re looking to finance, we’re on hand to assess the needs of your business and move your business forward.

How Does Lease Finance Work?

1. Choose Your Asset

Whether you need vehicles, equipment, or machinery, select the asset that will best support your business operations. 

2. Set the Lease Terms

Our team will work with you to structure a lease agreement with fixed monthly payments and a term that fits your business’s financial situation.

3. Use the Asset

Begin using the asset for your business, enjoying all the benefits of ownership without the upfront costs.

4. End of Lease Options

At the end of the lease term, you can choose to extend the lease, return the asset, or sell it, depending on the type of lease agreement.

Get in Touch with Honey Asset Finance

If you’re ready to explore the benefits of leasing for your business, Honey Asset Finance is here to help. Our flexible leasing solutions give you the freedom to access the assets you need, while keeping your finances under control.

Contact our team today to learn more about our lease finance options and how we can tailor a solution to meet your business’s needs.