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Products for your customers

Your customers can avoid tying up their valuable working capital by spreading the cost of the equipment their business needs over the course of its economic life. And with a range of finance options available including Hire Purchase and Lease Finance, they can make regular repayments over an agreed period to suit their requirements.
Contact the Dealer Services Team

Contact the Dealer Services Team

  • 0118 955 6734 02 and 03 numbers are charged at standard call rates and included in most mobile and landline operators inclusive minute packages

Hire Purchase is a popular option if your customer wants to own the asset outright at the end of the agreement term. Aldermore will purchase the asset on the customer’s behalf and create a tailored repayment plan to suit their budget. At the end of the agreement term, the customer can choose to take ownership of the asset from us at a nominal fee.

The benefits of Hire Purchase:

  • Simple, straightforward product. VAT is paid up-front and the customer makes their own arrangements for maintenance, repairs and servicing
  • Tax advantages. As well as reclaiming VAT (if VAT registered), your customer may be able to claim capital allowances and also offset repayment interest against profits
  • Flexibility. Your customer chooses how the finance is structured: with a flexible deposit, fixed payments and option of a final balloon lump sum payment at the end of the agreement
  • Ultimate ownership. Your customer has the right to buy the asset at the end of the agreement term.

We specialise in Contract Hire for materials handling and transportation, and we’re proud to offer you and your customers the complete package.

Contract Hire provides clients on a fixed budget with peace of mind that there won’t be any unexpected repair bills. Up-front costs are low, and rentals cover both the finance and maintenance of the asset.

At the end of the agreement term, the asset will be returned to you, giving you the opportunity to offer replacement assets.

The benefits of Contract Hire:

  • Cost control. Offers easy budgeting for maintaining the equipment.
  • Free up capital. VAT is spread across each payment so up-front costs are lower.
  • Tax efficient. 100% of rentals paid are normally offset against taxable profits.
  • Simple and straightforward. We offer a complete service package.
  • Off-balance sheet funding*. Equipment doesn’t depreciate on your customer’s balance sheet.
  • Higher productivity. The equipment could pay for itself through rentals matched to income.

We buy the equipment and lease it to your customer with monthly rentals. VAT is calculated on the monthly rentals, not paid at the start of the agreement, reducing the up-front cost. At the end of the primary period the customer can:

  • Hand the equipment back to us,
  • Sell to a third party on our behalf, or
  • Continue renting it after the primary period ends

 

The benefits of a Finance Lease:

  • Free up capital. VAT is spread across the contract, keeping up-front costs down.
  • Tax efficient. Asset repayments are counted as a business expense.
  • Cost control. Easy budgeting for maintaining the equipment, with the option of including maintenance costs in the repayment plan.

With this off-balance sheet funding solution* your customer uses the equipment for the term of the agreement without the risk of owning it.

The up-front cost is low with no deposit and no VAT due. The customer benefits from a lower fixed monthly cost because the rental calculation accounts for the asset's residual value. At the end of the primary period the customer can:

  • Hand the equipment back to us, or
  • Continue renting it based on fair market value, subject to our agreement

 

The benefits of an Operating Lease:

  • Free up capital. VAT is spread across the contract, keeping up-front costs down.
  • Tax efficient. Asset repayments are counted as a business expense.
  • Cost control. Easy budgeting for maintaining the equipment, with the option of including maintenance costs in the repayment plan.

*Account treatment to be determined by the lessee
**Operating lease available subject to formal arrangement with dealer

Compare our products

  Contract Hire Hire Purchase Finance Lease Operating Lease
Leaves working capital intact
Customers can claim FYAs/ WDAs
Rentals are tailored to cash flow
Rentals are normally tax deductible Interest only
On balance sheet funding
Off balance sheet funding
Choice of fixed/ structured rentals
Ultimate ownership of asset
Fixed term agreement
VAT paid with deposit
VAT paid on each payment