Paying cash for capital assets can prove to be a significant drain on your companyâs working capital.
Ease your cash flow with Jigsaw Asset & Fleet Finance, through regular payments over an agreed period of time.
From cars, coaches & commercial vehicles to plant, machinery & office equipment -whatever your line of business we have the appropriate funding to assist.
Power ahead with new projects & equipments today
No large lump sum capital outlay
Choose from structured funding options
utilise the tax efficient benefits
Free up your cash flow
No effect on your credit ratings
With a leasing product, the finance company buys and owns the asset the customer requires. The customer then hires the asset from the finance company paying a rental over a pre-determined period. With a Finance Lease, the rental is structured to the customerâs needs and covers the full cost of the equipment. This can also include maintenance if the lessee requires â inclusive in the rentals on certain types on equipment. At the end of your lease agreement the customer has two attractive options, either continue to use the asset by simply paying a nominal rental, or sell it as our agent and benefit from a proportion of the sale proceeds. The rentals on a Finance Lease are 100% allowable against tax in most cases.
Low up-front costs - for just a small outlay, you can use the assets immediately
Flexible repayment structure - rental payments can be tailored to match your cash flow
Fixed or variable interest options - you decide which suits you best
Tax advantages - VAT is payable on the rentals, not the purchase price, while payments can normally be offset against taxable profit
Contract Hire agreements typically offer a complete package including delivery, maintenance, service and
repairs. This not only offers the lessee a worry-free upkeep of the asset throughout the term of the
agreement, it also means they know exactly what the expense for that asset will be, there should
not be any surprises. Qualifying agreements are treated as off-balance sheet which means that
financial ratios such as gearing and liquidity are not adversely affected. In addition, in most
cases, rentals are 100% allowable against tax.
At the end of the primary period of hire, the customer will have paid for the anticipated depreciation of the vehicle and all the interest charged. The vehicle is returned to the finance company and the lessee is not responsible for the sale of the vehicle. If the vehicle has exceeded the agreed mileage then a pence per mile charge plus VAT will apply to each mile over the contracted amount. If the vehicle has not been maintained or serviced according to the manufacturers recommendations, or if the condition is worse than `fair wear and tear`, the finance company is allowed to charge the customer to compensate for the poor condition. These charges are outlined to the customer in the terms and conditions of the agreement.
Fixed monthly payments - easier budgeting comes as standard
Flexible agreement terms - variable terms and mileage available
Vehicle maintenance option - include servicing and maintenance in your rentals to help spread the cost
Eliminate risk of asset depreciation - at the end of the agreement, you simply hand back the vehicle, subject to return conditions and excess mileage
Whether it is a Lease Product, Variable Interest Rate, Balanced Payments or Business/Personal Contract Hire the Fleet & Asset team can provide competitive quotations. Please contact the team on 0845 680 0111
Jigsaw Finance Limited is authorised and regulated by the Financial Conduct Authority Firm Reference Number (FRN 679612) and is permitted to advise on and arrange consumer credit contracts. Details of our Financial Conduct Authority authorisation can be confirmed by contacting the Financial Conduct Authority on 0300 500 8082 or by visiting their website http://www.fca.org.uk/register. We are a licenced credit broker who offer finance products from a selected panel of lenders for which we may receive a commission for the introduction. Company registration number 04029232. VAT Number: 823826816