TEL: 0330 223 1261

Equipment Finance Lease

Welcome to Hire Purchase Finance. Our dedicated team of business financing experts are here to help businesses of all sizes drive growth by acquiring the assets they need to achieve their goals through the acquisition of an equipment finance lease from us.

An equipment lease from GE Capital preserves your resources, improves your capital position and allows for better cash-flow planning.

What Is An Equipment Finance Lease?

A Finance Lease is similar to Hire Purchase in that the full cost of the equipment is recovered over the lease period. However the initial outlay is usually lower in the case of a lease, since VAT is payable on your rental payments and NOT up front as with Hire Purchase.

The customer doesn't own the equipment, but they are responsible for maintaining the asset and can apply for tax allowances in this regard. When the lease period ends, the customer can agree to a secondary lease period with significantly reduced payments. Alternatively the asset may be sold to a third party and the customer receives a major share of the sale value.

A finance lease or capital lease is a type of lease. It is a commercial arrangement where:

  • the lessee (customer or borrower) will select an asset (equipment, vehicle, software);
  • the lessor (finance company) will purchase that asset;
  • the lessee will have use of that asset during the lease;
  • the lessee will pay a series of rentals or installments for the use of that asset;
  • the lessor will recover a large part or all of the cost of the asset plus earn interest from the rentals paid by the lessee;
  • the lessee has the option to acquire ownership of the asset (e.g. paying the last rental, or bargain option purchase price);

Ideal Solution

So, a Finance Lease may be an ideal way of keeping your fleet up to date without that heavy initial outlay. And payments can be structured to meet your circumstances and requirements. For example choosing a balloon payment can significantly reduce your monthly rental payment.

Equipment obtained via a Finance Lease will appear on the lessee's balance sheet.

Contact Us

If you would like any further information regarding our equipment finance lease options, please call us on Tel. No. 0330 2231 261, e-mail at or contact us via our official Facebook or Twitter accounts and we will be happy to answer any of your questions.

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faq list

Frequently Asked Questions

1. I think I'm maxed out with every funder. Can you help?
Yes. We can use our own funds

2. Can I reclaim my VAT on a lease?
Yes. Every time you submit a VAT return as VAT is paid monthly

3. Can I reclaim the VAT on HP?
Yes. As soon as you have taken delivery of the vehicle

4. What happens at the end of a finance lease?
You can take a secondary period or sell - and we can do it for you

5. Are director's guarantees required?
Not in all cases

6. How about cross company guarantees?
These can be useful, but we can help weaker deals over the line

7. I've been declined. Can you still help?
Yes. That's our job

8. I'm a sole trader. Will you still finance me?
We finance sole traders, partnerships and incorporated bodies

9. My company is based outside the UK. Will you finance me?

10. Can I get finance for the training to pass an HGV licence?
Not with us

11. Can I get finance for conversions and ancillary products on vehicles?

12. Can you help me raise capital to increase cash flow?
Yes. We specialise in this.