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Finance Lease

Finance leasing is a fixed cost rental facility which may suit a customer who cannot recover the VAT element of the deposit required under a Hire Purchase agreement or doesn’t want the tax benefits of ownership.

After paying rentals over an agreed term, which is known as the primary period, you have three options:

  1. The equipment can be returned to Paragon Bank Technology Finance;
  2. You can continue leasing the equipment;
  3. You can sell the equipment on our behalf to third party not related to your business and we pay you a pre-agreed percentage of the net sale proceeds.

 Key benefits

  • VAT not payable as part of deposit
  • As you don't own the equipment, tax treatment may be more beneficial (subject to your tax status)
  • Option to return equipment at end of primary term with no further liability.


 

Testimonials

I have dealt with Paragon Bank Technology Finance for over 25 years - initially as a freelance cameraman, and subsequently with CVP fulfilling the role of both client and equipment suppliers to clients for whom Paragon Bank Technology Finance are providing finance. All you need to know is that Paragon Bank Technology Finance have on every occasion provided a truly first class service. They are trusted and highly recommended.

Phil Baxter
CEO, CVP

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