First Capital Finance - Asset Finance Brokers Tel: 01202 434000

sales@firstcapitalfinance.co.uk

	For the purchase of vehicles, machinery and other assets, apart from land and buildings.
	Where the security is on the asset concerned.
	To enable the customer to pay for the asset over an agreed period, not being longer than the useful life of the asset.

The customer selects the supplier of the asset and negotiates directly the specification and price. An initial deposit plus the full VAT, if applicable, is paid leaving the balance to be spread over an agreed term, typically 1-5 years.

The finance company pays the supplier directly. Once the customer has paid the required regular repayments the ownership is transferred to the customer.

On all hire purchase agreements the asset is included on the balance sheet and depreciation and capital allowances are accounted for as if the asset were purchased.

	The equipment is owned at the end of the agreement.
	Existing bank credit lines are not tied up.
	The agreement can be settled at any time.
	Rentals can be monthly, quarterly or seasonal.
	There are both fixed and variable rate schemes available.
Hire purchase is suitable for both businesses and private individuals

The customer selects the supplier of the asset and negotiates directly the specification and price. An initial payment or advance rentals are paid leaving the balance, plus interest, to be spread over an agreed term, typically 1--5 years.

The finance company pays the supplier and leases the asset to the customer under the terms of the finance agreement.

VAT is payable on the initial payments and all rentals.

The customer is not entitled to become the owner of the asset at any time but is entitled to sell the asset on behalf of the finance company at the end of the lease and typically keep 95% of the proceeds.

On all finance leases the asset is included on the balance sheet.

	Low initial outlay, typically the first 3 rentals.
	VAT payable monthly.
	Existing bank credit lines are not tied up.
	Rentals can be monthly, quarterly or seasonal.

This cost-effective form of leasing is made possible by the finance company building in a future residual value of the asset to reduce the monthly rentals. The asset is returned to the finance company at the end of the agreement. It is particularly useful for companies looking for OFF BALANCE SHEET FUNDING.

IE - Factoring and Invoice Discounting.

This popular method of assisting a company’s cash flow is particularly useful for new starts, expanding businesses and companies requiring an injection of funds currently tied up in oustanding invoices.

The factoring company immediately releases a large proportion of an invoiced amount with the end customer paying the invoice directly to the factoring company.

	Commercial Mortages.
	Machinery and Equipment breakdown cover.
	Vehicle Finance shortfall cover.
	Vehicle Sourcing (cars and light commercials).
	MBO. MBI, Equity Fund Raising

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First Capital Finance Ltd © 2007 Capital House, 1084-1086 Christchurch Road, Bournemouth, Dorset, BH7 6DT Tel: 01202 434000 Fax: 01202 434034 Reg No. 4092381 First Capital Leasing Ltd. Reg No. 4956738 Group Vat Registration Number. 849 7422 84 Member of the National Association of Commercial Finance Brokers. First Capital Finance Limited is authorised and regulated by the Financial Services Authority.