• Borrow from
    £10k to £500k

  • Competitive rates
    from as low as 3.95%

  • No upfront fees
    or hidden charges

  • Same day funding
    options available

  • Flexible repayment
    terms up to 7 years

Operating lease

Are you interested in renting equipment on an operating lease?

An operating lease is, by definition, an arrangement for a company to pay to use equipment, vehicles, a building, etc. for a particular period: typically over a short or medium term, shorter than the lifespan of the asset.

These types of agreements usually mean that the funder will cover the maintenance costs, meaning that your business will not have any of the risks and rewards of owning the asset, compared to other agreement such as hire purchase.

Types of businesses that prefer these agreements, tend to be those who like to upgrade or update their equipment on a regular basis, giving them much more flexibility to do so compared to traditional hire purchase or finance lease agreements. Some funders even allow for an upgrade mid-agreement.

The Funding Store have a panel of lenders that can assist with your search for that right business loan. Once you have decided what best suits your business needs then why not contact us on 01908 880420 or request a call back at a more convenient time.

How it works

We can offer the following asset finance options:

Finance lease

Need new equipment or vehicles without the burden of ownership? A finance lease works in a similar way to renting, at the end of the agreement you will be able to return the equipment, meaning you aren’t left with out-dated equipment.

Hire purchase

If you’d prefer to own the new asset at the end of the term then a hire purchase could be for you. This works in a similar way to a finance lease, but your monthly payments will be working towards full ownership at the end of the agreement.

Operating lease

For those needing plant, machinery or tools to carry out their trade, an operating lease gives you the flexibility of monthly payments with a final term payment based on the different between the original purchase price and the final residual value.

Refinancing

Often described as a way of ‘unlocking’ cash, refinancing is a type of asset finance that uses existing items in your business as security. This means that you can take out finance based on the value of something your business already owns.

Why use The Funding Store?

Learn More

Are you looking for a hassle free loan application with
no hidden fees and no upfront charges?

We are continually reviewing funding providers to bring you choice, competitive rates and flexibly to access the right finance, at the right time. But most importantly, we are passionate about what we do. This is evident in our enthusiasm and commitment to assisting you at each stage and after you have secured your finance.

Sourcing finance, supporting growth

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Operating lease finance specialists

We help all types of businesses to access asset finance. By connecting you with an extensive panel of reputable lenders, our team can bring you choice and competitive asset finance.

If you have any questions on how asset finance might work for your business please do get in touch with our team, we will be pleased to help.

Contact our operating lease asset finance team today

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