Why leasing?
Confidently acquire the business assets you need to grow your operations, efficiently and effectively
90% of all equipment in the UK is funded with asset finance.
Asset finance enables you to confidently acquire the business assets you need to grow your operations both efficiently and effectively within your sector, by spreading the cost of purchase.
You can get asset finance for equipment, machinery and vehicles and it can also be used to release cash that may be tied up in assets already owned, by means of refinance.
No advanced payment needed.
Wholly or largely secured on the assets being financed, business asset finance gives you the flexibility to fund your equipment purchases while also avoiding paying out a lump sum.
This means you will be spreading the cost over a period of time to protect your cash flow and freeing up working capital for other areas of your business.
You can do this through leasing or hire purchase.
Leasing is a great option for your business.
Do you rely on high value equipment that needs to be upgraded on a regular basis? Upgrading to keep up with the latest developments in technology or replacing vehicles and plant regularly can be expensive. The risks of depreciation can also add to this concern.
At First County we want to help with this. We buy the asset you need and lease it to you, helping you manage your cashflow more effectively. You can also lease assets you already own. This can unlock the value in your high value items and release cash to develop your business or improve your cashflow and stability. We can also consolidate your existing leasing facilities into a single more manageable package.
Types of Asset Finance
Finance Lease
Hire Purchase / Lease Purchase
Vehicle Finance
Vehicle (Contract Hire)
Sale and Lease Back
Operating Lease
Equipment Contract Rental including Maintenance & Service
Lease Rental (Specialist facility for laboratory and analysis equipment)
A capital equipment lease can be as flexible as you need.
Finance Lease
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Operating Lease
The full capital cost is not amortised over the lease period, leading to lower running costs during the term. Suitable for higher value assets with a longer life span.
Contract Hire
A form of Operating Lease (often used with cars and other vehicles) that include a number of additional services such as maintenance, management or replacement if asset is in repair.
The Premiere Lease
Specifically designed for large corporate customers, NHS Trusts or local authorities. This form of asset finance is the lowest cost available in this industry. The low risk to the lessor is reflected in extremely low lease costs of 1-2% below Bank of England base rate. The benefits are immediate and the cost is considerably less than normal market rates. If you are a supplier of capital equipment and your customer base is in the low risk end of the market, you may be charging your customer far more than necessary.
