Overview

Whenever you have to pay cash when purchasing an asset, you are no doubt putting quite a strain on your working capital. Leasing the asset gives you access to the asset without having to pay for it all in one go, and therefore making it a little bit easier on the bank balance. All forms of leasing are basically rental agreements, giving you, as the lessee, the right to use an asset owned by the lessor, the finance company. This lease is for a specific amount of time and is in return for regular payments, otherwise known as rental payments.

You can lease almost anything, from equipment valued at a few thousand pounds to assets worth many millions. One of the most useful aspects of leasing contracts is that they are flexible and can usually be tailored to meet your needs, but this is dependant on the lessor.

Before leasing you really should consider the effects it will have on your accounting, reporting, tax and most importantly, your cash flow. By reading through our guide, you will gain a general insight in to the world of leasing, but it does not replace professional advice, and we would recommend consulting with your accounting and tax advisors to reap the maximum benefit and to avoid any complications.

Section Guide:

• How It Works: This section will tell you everything you need to know when it comes to thinking about making use of Asset Financing.
  
• Types Of Asset Finance: There are many types of Asset Finance, head for this section to find out what they are.
  
• Choosing The Right Provider: Its vital to make sure you choose the right provider and by checking this useful guide out, you can see what's right (and wrong) for you.
  
• Advantages: There are many plus points when using Asset Finance, this section will tell you what they are, and why they are an advantage to you.
  
• Disadvantages: There can be points to look out for when considering using asset finance, check this page out to find the disadvantages.
  
• Things To Watch Out For: By keeping your eyes wide open, you can avoid some of the pitfalls when using asset finance, this section will tell you what to look for.
  
• FAQ: Any further questions? Browse through this page to have them answered.
  
• Glossary: A quick guide to all of the terms and words often associated with loans, and will help to find the meaning behind the sometimes complicated wording.

Thursday, August 28, 2008