What is Business Finance Lease?
Business Finance Lease is a traditional leasing method for “off-balance sheet funding”, unless preparing accounts under full International Financial Reporting Standards (IFRS) in which case will be on-balance sheet. As part of this agreement, you pay a fixed monthly rental and can adjust the payments by altering the advanced rental payment, duration and the final payment to suit the requirements of your business.
What is a Business Contract Purchase Agreement?
Designed specifically for businesses, Business Contract Purchase (BCP) agreements allow you to spread the cost of a purchase. You reserve your vehicle and pay a deposit upfront, then, you’ll pay monthly instalments throughout the agreement.