The Asset Finance & Leasing Specialists

First Capital Finance specialise in the provision of competitive finance and leasing facilities for Business and Schools in the South of England and beyond

Financial Products & Services From First Capital Finance

Hire Purchase
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 Benefits of Hire Purchase

  • 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

Finance Lease
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.

The Benefits of Finance Lease

  • 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.

Operating Lease
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 Sheet Balance Sheet Funding.

Cash Flow Finance
Often reffered to as 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 outstanding 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.

Working closely with our cusomers, and our trusted panel of lenders, ensures First Capital Finance is able to provide finance against a virtually endless list of equipment.

If you are in any doubt as to whether a pending or planned purchase would be suitable, please contact us on 01202 434000.