Finance Options
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fcf logo picThrough First Capital Finance we are able to offer very competitive and flexible finance facilities to suit your needs.

www.firstcapitalfinance.co.uk

 

Finance or Leasing has many benefits including:

  • Spread the cost of ownership
  • Low Deposits
  • Preserve existing credit lines and overdraft facilities
  • Tax advantages to Hire Purchase & Leasing

 

 

Hire Purchase

An initial deposit plus the full VAT, is paid leaving the balance to be spread over an agreed term, typically 1-5 years.

The finance company pays Shrinkwrap directly. Once you the customer have paid the required regular repayments the ownership and title of the machine is transferred to the customer.

On all hire purchase agreements the asset is included on the balance sheet and depreciation and capital allowances are accounted for as if the asset were purchased.

Finance Lease

An initial payment or advance rentals are paid leaving the balance, plus interest, to be spread over an agreed term, typically 1–5 years. The finance company pays Shrinkwrap and leases the asset to the customer under the terms of the finance agreement.

VAT is payable on the initial payments and all rentals.

The customer is not entitled to become the owner of the asset at any time but is entitled to sell the asset on behalf of the finance company at the end of the lease and typically keep 95% of the proceeds.

On all finance leases the asset is included on the balance sheet.

Finance facilities are available to companies registered in the UK (excl. N.I.) and are subject to underwriting approval. Indemnities may be required.

To learn more contact Andy Knight at First Capital Finance on 01202 434000 or andy.knight@firstcapitalfinance.co.uk