LOAN CALCULATOR HELP.

What is a Lease?

With a lease agreement, the financier ( "lessor" ) buys the equipment on behalf of the business ( "lessee" ) and rents it back to the business. You as the customer finance 100% of the purchase price of the equipment and make regular payments over a period of time, usually ranging up to five years.

What is a Hire Purchase?

Hire purchase is similar to leasing in that the financier buys the equipment on behalf of the business and payments are made regularly over a period of time. After full payment of the hire purchase agreement, ownership of the good automatically transfers over to you. Taxation benefits apply and advice should be sought by a taxation consultant.

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