Finance Lease
Leasing is a form of contact between the customer and Kingsway, giving the customer use of the equipment in exchange for payment of regular rentals over minimum period of hire.
Payments may be made monthly, quarterly or annually by direct debit only.
Hire Purchase
The form of agreement enables firms to obtain capital allowances on equipment rather than obtain tax benefits through offsetting lease rentals against profits.
Following receipt of all contracted installments, title in the equipment is transferred to the customer for a nominal sum, normally paid with the final installment.
VAT on the purchase price is paid by the customer with the first installment and reclaimable by VAT registered customers on their return. No vat is changed on the installments.
Professional Loan
Only available to professional firm and practices including Accountants, Barrister, Dentists, Doctors, Opticians, Solicitors.
This type of agreement can be used to fund building work and other intangible assets as well as to fund the payment of professional indemnity premiums, corporation and income tax.
Sale & Lease Back Or Sale & HP Back
We will consider these transactions where the original invoice is available for our retention and the equipment is no more than twelve months old.
This facility can also be used in circumstances where the equipment supplier is based outside the UK and the customer has had to make the payment in advance of the equipment being dispatched.
