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Compare asset finance solutions

Over 18s only. Security and/or guarantees and indemnities may be required. Product fees may apply. Lending criteria, terms and conditions apply. Business use only.

WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU REPAY EARLY, IN FULL OR IN PART, A FIXED-RATE CREDIT FACILITY.

Hire Purchase

Finance Lease

Contract Hire

Why choose Lombard?

We offer a range of finance options to suit your business needs. With specialist knowledge in a range of sectors, our experts strive to be the best at understanding your business and finding a tailored solution for you.

Business Hire Purchase

Helps you purchase an asset without impacting your working capital

Hire Purchase is an agreement allowing you to purchase an asset through payment of regular fixed instalments.

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Why choose Hire Purchase?

· No large initial cash outlay

· Payments can be structured to fit with your cash flow needs

· Your business may be able to claim the available capital allowances.

· Your business may be able to offset the interest charges against trading profit.

· Certainty of fixed costs for the duration of the agreement.

· On payment of a nominal purchase instalment, you automatically own the asset.

Find out more about Hire Purchase

Download our Hire Purchase product fact sheet for more information

Hire Purchase fact sheet (PDF, 93 KB)

Finance Lease

Allows the use of an asset with minimum upfront outlay

With a Finance Lease, Lombard buys the asset and rents it to you over an agreed term at set rental. You won't own the asset during the initial lease period but you will have an option to take ownership at the end of the lease term.

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Why choose Finance Lease?

· No large initial cash outlay

· Payments can be structured to fit with your cash flow needs

· Certainty of fixed costs for the duration of the agreement.

· Lease rentals are usually deductible against taxable profits

· VAT is charged on the rentals and this may be reclaimed (subject to your VAT status)

· At the end of the initial lease period, you will be given an option to either extend the contract via secondary rentals or take ownership of the asset via the Leased Asset Disposal (LAD) process.

Find out more about Finance Lease

Download our Finance Lease product fact sheet for more information

Finance Lease fact sheet (PDF, 87 KB)

Contract Hire (Operating Lease)

Fund the use of an asset over an agreed period

In partnership with one of our authorised asset suppliers, Lombard’s Contract Hire product offers a complete asset funding solution. You could avoid the risks associated with vehicle ownership, such as depreciation.

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Why choose Contract Hire?

· Lower monthly rentals as contract hire incorporates a residual value (estimated value at the end of the contract)

· Facilitates the use of an asset without taking ownership

· Rentals are usually deductible against taxable profits

· Rentals can be tailored to meet cashflow needs

· Spread the cost of the asset in line with its value to your business

· No large initial cash outlay or costs on disposal

· Protected from any risks of an asset losing value

· VAT is charged on the rentals and this may be reclaimed (subject to your VAT status)

Find out more about Contract Hire

Download our Contract Hire product fact sheet for more information

Contract Hire fact sheet (PDF, 85 KB)

Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances.

Fees and charges information

Download our Fees and Charges Information (PDF, 131 KB)

Compare asset finance solutions

Why choose Lombard?

Business Hire Purchase

Helps you purchase an asset without impacting your working capital

Find out more about Hire Purchase

Finance Lease

Allows the use of an asset with minimum upfront outlay

Find out more about Finance Lease

Contract Hire (Operating Lease)

Fund the use of an asset over an agreed period

Find out more about Contract Hire

Fees and charges information

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