What you can get
- Flexible way to finance the purchase of equipment
- Low fixed monthly payments
- Fully maintained solutions
- Preferential rates
Eligibility for vehicle finance
- You must have no adverse credit history
- All applications are subject to status and lending criteria
Eligibility for equipment finance
- Be a Santander Business Banking customer
- Have no adverse credit history
- Have been trading for at least two years
- All applications are subject to status and lending criteria
- Contract hire for a fully maintained package for 1 to 100 vehicles.
- Vehicles for business or personal use
- Low fixed monthly payments. LeasePlan Go own the vehicle, keeping your costs down which could help give you better control of your finances.
- No depreciation costs. You don't own the vehicle, so you don't suffer from loss of value. However, if you purchase the vehicle using cash or an unsecured business loan you will always own the vehicle.
- Tax relief. You can claim tax relief as monthly rentals can be offset against profit*. The leasing company can also reclaim VAT on the cost of the vehicle and the benefit of this is passed on in the monthly rental payments.
*For specific financial, tax and or accounting benefits, please check with your accountant.
- Vehicles must not be used for sub hire (as taxis or a driving school for example)
- Vehicles can’t be used in a way that could significantly impact their condition.
You won't own the vehicle at the end of the lease period. The vehicle is returned to LeasePlan Go at the end of the pre-determined period (2-5 years). You can then order your next replacement vehicle. However, if you purchase the asset using cash or an unsecured business loan you will always own the asset.
LeasePlan UK Limited, registered in England and Wales under registered number 1397939, of 165 Bath Road, Slough, Berks SL1 4AA, comprises the brands LeasePlan, Automotive Leasing, LeasePlan Go and Network. LeasePlan UK Limited is authorised and regulated by the Financial Conduct Authority.
Our equipment financing partner, Macquarie, offers both rental and hire purchase
- A cost-effective way to acquire cutting-edge equipment over a 24-60 month term.
- Flexibility and choice. You can structure your payments in a way that suits you. You can choose a fully serviced contract, amend or upgrade your contract and include setup or training costs too.
- No depreciation costs. You don't own the asset, so avoid suffering from the asset’s loss of value. However, if you purchase the asset using cash or an unsecured business loan you will always own the asset.
You can finance almost any business asset, including:
- IT hardware or software
- Plant machinery
- Scaffolding and related equipment
- Kitchen equipment
- Option to buy at the end of the term.
- Fixed payments for the duration of the term.
You may be able to claim tax relief on rental or hire purchase, as monthly payments can be offset against profits. VAT can also be recovered. For specific financial, tax and or accounting benefits, please check with your accountant, or directly with Macquarie.
- Equipment must be sourced from UK suppliers.
- Equipment must be for business use only.
You won't own the asset at the end of the lease period and Macquarie will discuss the options with you at the end of the lease. For example, you may choose to negotiate an extension period (1-2 years) to keep the asset for longer, or you may want to return the asset back to Macquarie in return for a newer asset. If you choose Hire Purchase, you do have the option to purchase the asset for £100 at the end of the funding period.
Macquarie Equipment Finance (UK) Ltd. Registered offices 28 Ropemaker Street, London EC2Y 9HD. Company number 8253764.
LeasePlan Go only finance new vehicles.
Macquarie can finance second hand assets as well as new ones, providing they are from an established provider.
Neither LeasePlan Go nor Macquarie can refinance existing assets.
From 48 hours to a few weeks, depending on:
- The extras (servicing, training costs etc.) needed.
- The type of asset.
- How long it takes to deliver the equipment.
Lower fixed monthly payments: the providers own the asset, which keeps customer costs down and helps keep control of spending.
No upfront payment: although LeasePlan Go has a small initial deposit.
With leasing solutions, customer doesn't normally own the asset and can avoid depreciation costs, saving time and resources.
Greater flexibility and choice: customers can choose a fully serviced solution, amend/upgrade contract and include setup or training costs too.
However, if you purchase the asset using cash or an unsecured business loan you will always own the asset.