Whilst used for financing a variety of different business assets (which we are of course happy to quote on), Hensley Stephens have extensive knowledge of financing 100% software & services via Finance Lease. Irrespective of whether you are spending £2k on a single licence, or £200k on a company wide implementation, we have the facilities and funders to help with your purchase. With many high street lenders, or indeed asset finance brokers still unable to provide such facilities, please feel free to contact us and discuss your requirements.
Basics of a Finance Lease:
The supplier is paid directly by the funder, for both the asset and the VAT.
VAT is therefore payable on the rentals - instead of up front as per a Hire Purchase or Loan.
The finance company owns the asset and rent it to you over an agreed period of time.
Funder claims the writing down allowances on the asset and you can normally offset the rentals against taxable profits.