Purpose
Leasing is suitable for financing most investments in productive equipment and is available to a broad range of business and other organizations, such as hospitals, educational institutions, associations and government agencies.
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Leasing is suitable for financing most investments in productive equipment and is available to a broad range of business and other organizations, such as hospitals, educational institutions, associations and government agencies.
Short Term Leases are typically for assets that have high depreciation eligibility like computers, low value cars etc. They are for a period of 2-3 years. These type of leases may be useful to corporates who have capital requirements for products that have high obsolescence, high taxable income in the near future.
Short Term Leases are typically for assets that have high depreciation eligibility like computers, low value cars etc. They are for a period of 2-3 years. These type of leases may be useful to corporates who have capital requirements for products that have high obsolescence, high taxable income in the near future.
Operating lease is a contract between the lessor and lessee such that the cost of the asset is not fully recovered from a single lessee. This means that the period of the lease wil be shorter since the lessor will recover the cost of the asset from multiple lessees. Repair and maintenance of the asset is the lessor’s responsibility.
Sale and Leaseback is a transaction where the lessee already owns the asset he wants to leverage. The lessee sells the asset to the lessor who pays for the asset and immediately leases it back to the lessee. This transaction will provide immediate non-fund based finance to the selling company and brings down the D/E ratio.
Call Head Office on phone 323 0942 and speak to one of our Relationship Manager
OR Lae Branch on phone 472 7240 and speak to our Business Development Manager for more information on Leasing products offered by FinCorp.