Lease assets

Free your organisation's
working capital

Leasing is a particularly flexible way of acquiring assets for the period your business needs them. Crucially, leasing means that you only pay for assets while you use them, rather than having to commit to buy assets outright.

Leasing can involve lower deposits and lower monthly payments than hire purchase or a loan. It also gives your business a new line of credit, completely separate from everyday business banking and overdraft facilities.

How does it work?

Your business makes fixed, regular payments over an agreed term. The monthly rentals and lease period can be tailored to suit the needs of your business.

With leasing, your business does not own the assets. However, at the end of the leasing agreement, your business can usually sell the asset and keep the majority of the proceeds or enter into a secondary period at a significantly reduced rental.

Leasing benefits

  • Retention of working capital - the payments are spread over the life of the asset
  • Upgrade - replace assets as old ones are superseded
  • Fixed costs - for greater control of cash flow
  • Tax - rentals can be offset against taxable profits
  • Flexibility - sell or enter into a secondary rental period at the end of the agreement
  • VAT - reclaim the VAT on lease rentals. Different rules apply according to the asset financed
  • Service and maintenance - for certain assets, service and maintenance can be built into your agreement. This is commonly known as contract hire

More on leasing assets

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


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