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Finance Lease

Open to individuals and companies, a finance lease is a flexible form of asset finance. While the legal ownership is vested with the Lessor (Finlease Company Limited), you, as the Lessee, have the option to purchase the asset upon payment of a residual value not exceeding 10% of the asset value.

Advantages of taking a finance lease

Flexibility

A lease contract can be tailored so as to match your revenue earning capacity. This can be achieved by varying each component of the lease i.e. the initial deposit amount, the lease period (up to 7 years) so that the most appropriate cash flow objectives are met.

Security

Since the asset belongs to the Lessor (Finlease Company Limited), there is no requirement to inscribe a charge or register a lien. However, in certain instances, a personal guarantee from a third party may be required.

Certainty

The fixed nature of a lease contract, in the form of monthly rentals, enables you to better manage your budget

Hedge against inflation

Leasing provides a hedge against inflation since rentals are fixed for the period of the lease contract, hence providing an effective shelter from future increases in interest rates. 

Advantages of leasing for your business

For successful companies, well-planned investment in assets is a fact of business life. It could be an investment in new technology, in plant and machinery and in commercial vehicles and cars. Therefore, choosing the right way of financing company assets can have a major effect on your company's profits. The right choice is likely to give improved cash flow and increased profits. Conversely, choosing the wrong method can be costly, with potential cash shortages, resulting in a drain on working capital and slower corporate growth. 
Finlease Company Ltd is an experienced leasing company which specializes in helping companies to choose the right way to pay for their assets - through lease finance. 
Instead of using your valuable cash reserves, your company can arrange to pay for an asset, or for its use, over a number of years. Your company can choose either to have the option to own the asset (finance lease) or just the benefit from the use of it (operating lease).

Improve cash flow and increase profits

Choosing the right way of financing company assets can have a major effect on your company's profits. The right choice is likely to give improved cash flow and increased profits. Conversely, choosing the wrong method can be costly, with potential cash shortages, resulting in a drain on working capital and slower corporate growth,

Keep your cash reserves for other purposes

Instead of using your cash reserves, your company can arrange to pay for an asset, or for its use, over a number of years. Your company can choose either to have the option to own the asset (finance lease) or just benefit from the use of it (operating lease)

Pay for the asset with future revenue

Lease finance is a means of paying for assets out of the revenue they earn. By arranging to pay for assets out of the future revenue, your company has only a small initial outlay (optional), followed by a payment plan spread over the asset's working life.

What do we finance?

  • Cars, motorbikes, trucks, trailers and other vehicles
  • Boats and boathouse equipment
  • IT and printing hardware
  • Agricultural, manufacturing or industrial equipment
  • Earthmoving and land preparation machines
  • Audio visuals - Smart board/interactive whiteboards, plasma screens, multimedia projectors and other AV equipment, recording equipment, audio visuals cabinets, presentation furniture
  • Telecoms - Business telephone systems, VoIP, Video conferencing equipment, Data communications, hubs, routers, voicemail system, cabling
  • Computer hardware - recording equipment, audio visual cabinets, presentation furniture
  • Vending - food vending machines, confectionary/snack vending machines, cold drinks vending machines, hot drinks vending/coffee vending machines
  • Waste machine equipment - static waste compactors, portable waste compactors, balers, screw compactors, shredder etc
  • Medical equipment
  • Textile equipment
  • Engines
  • Air conditioning

Disclaimer

Leasing does not fall under the supervision and regulations of the Bank of Mauritius. As a result Finlease Company Ltd assumes full responsibility for the sale of this product.