Finance & Leasing

With our own in house expert, we can tailor a finance or leasing package to your individual requirements, with flexible deposits and payment terms. We have access to all of the UK’s finance houses and will match your funding criteria with the right bank to give you the best available deal.

Hire Purchase

The traditional and most common way to finance equipment. The finance company funds the purchase and you repay over a term of your choosing, usually between one and seven years. At the end of the term you will own the asset. Repayments can be made with fixed or variable interest rates and the deposit payable can be flexible also. The VAT is normally paid in full at the point of signing the finance agreement. Capital Allowances can be claimed when funding via Hire Purchase.

Finance Lease

The traditional and most common way to finance equipment. The finance company funds the purchase and you repay over a term of your choosing, usually between one and seven years. At the end of the term you will own the asset. Repayments can be made with fixed or variable interest rates and the deposit payable can be flexible also. The VAT is normally paid in full at the point of signing the finance agreement. Capital Allowances can be claimed when funding via Hire Purchase.

Operating Lease

Traditionally used by larger companies for ‘off balance sheet’ funding, this is becoming more popular now especially in light of the new ‘Annual Investment Allowance’ introduced in April 2008 to replace the traditional Capital Allowance system. Teupen equipment is especially well suited to Operating Lease due to unusually high residual values. With this facility, the rental payments cover depreciation and interest only, therefore monthly rentals are generally lower than with Hire Purchase. At the end of the term the equipment is returned, as you don’t have the option to re-sell them. You do receive the benefit of allowing all rental payments to be written down against taxation.