Choosing a leasing company
Advice on sources of asset finance and on making sure your contract terms are suitable.
The types of companies that offer hire purchase and leasing contracts include:
- subsidiaries of major UK banks
- providers owned by manufacturers, such as car manufacturers
- non-UK banks
- independent finance houses
- equipment suppliers
- members of the
When assessing the most appropriate leasing company to use, make sure:
- the provider is a reputable company, preferably a member of the FLA
- your contract corresponds with any verbal or written quotations
- the period for which you need the asset is covered by the length of the leasing agreement
- you are aware of any financial penalties that may be incurred if you wish to end the agreement early
- the equipment you are leasing is new
- you have read the contract carefully before signing it - checking the total cost, the period of hire and notice periods
- you understand all the contract terms and conditions, and charges
Actions
Also on this site
Content category