Asset finance

Whether you want to reduce depreciation costs on your balance sheet or simply fund the acquisition of new equipment, our asset finance team can put together a package to suit you.

Provided through Lombard, one of the UK's leading asset finance providers, we can help put almost any tangible asset to work in your business.

With business centres in the UK, Ireland, Guernsey, Jersey, the Isle of Man and Gibraltar, Lombard is close to your business and your business needs.

The cost of managing any asset – sourcing, servicing, repairs and disposal – can all mount up. With Lombard, you can finance many different types of business assets – and enjoy a comprehensive management service on some.

• Finance most types of asset – Lombard's size and experience means it can offer fully managed solutions for many different business assets, from technology and vehicles to plant and machinery
• VAT savings – your business can normally claim the rental VAT for non-vehicle assets and vehicles used solely on company business. You can normally claim half the rental VAT for vehicles also used for private purposes
• Low monthly payments – Lombard owns the asset, which keeps your costs down
• From one asset to many – Lombard works with every kind of business, from sole traders right up to large national companies - whether it's one computer or a complete IT network
• One comprehensive fee – servicing and maintenance costs can be included. Lombard can even arrange insurance to be added to the package
• Flexibility – sell, enter into a secondary rental period or write off the asset at the end of the agreement
• No disposal costs – as Lombard owns and disposes of the asset, you save time and resources. Lombard also fixes your exposure to depreciation costs

The Lombard website has in-depth information on asset management solutions for your business.

Purchasing business assets could put a real strain on your working capital, especially in uncertain times. Leasing lets you keep your capital, and offers a number of other benefits as well.

• Easier to budget – fixed monthly costs with no unexpected bills
• Usership not ownership – avoid heavy servicing and repair bills for old plant, equipment and technology
• Forget depreciation costs – and forget the problems of trying to sell old equipment at a decent price
• Better working capital use – put your spare capital to use in areas where your business really needs it

Whatever asset you need, there’s a choice of leasing options available.

Type of asset	Type of finance
	Contract hire	Finance lease	Operating lease	Sale and leaseback	Car and van finance
Cars and vans
IT and technology
Plant and machinery
HGVs
Buses and coaches
Construction & handling equipment
Agricultural equipment

• Find out how Lombard leasing can help your business

With Lombard you can finance almost any type of business asset, including:

Cars and vans – business and commercial vehicles, from a single car or van to a nationwide fleet

• More on cars and vans

Technology – from an IT upgrade to a complete communications system

• More on technology

Haulage – intelligent finance options for your trucks

• More on haulage

Buses and coaches – stop your transport vehicle assets from becoming your liabilities

• More on buses and coaches

Plant and machinery – obtain new or used plant, machinery or machine tools

• More on plant and machinery

Construction and materials handling – finance for all your on site and off road equipment and vehicles.

• More on construction and materials handling

Agricultural – from a tractor to a complete food production line

• More on agricultural

Marine – fund the boat you’ve always wanted

• More on marine

Aviation – expert help in purchasing fixed wing aircraft and helicopters

• More on aviation

The Lombard website has in-depth information on asset management solutions for your business.

Tax savings with hire purchase
You can normally claim writing-down allowances and perhaps capital grants. Repayment interest can be offset against profits and VAT is usually reclaimable in whole or in part.

Hire purchase – a simple repayment facility, where you ultimately own the asset. Includes flexible payments and perhaps a balloon final lump sum

• More on hire purchase

Contract purchase – the control of ownership, but with greater flexibility at the end. A guaranteed residual value helps make the asset more affordable

• More on contract purchase