A straightforward repayment facility providing outright ownership at the end of the agreement. Repayments can be fixed and structured so they are flexible – ie a balloon or final lump sum can be applied to reduce the monthly repayment.
Key Features and Benefits:
- Preserves cashflow – offers the obvious cashflow benefits of paying in instalments;
- Tax efficient – because a business can claim writing down allowances and can offset interest payments against taxable profits;
- Flexible – we can tailor deposits, periods and repayments to suit your specific business or personal requirements.
Balanced Payment Plans:
- A variable interest rate but with fixed repayments;
- When base rates fluctuate, only the number of repayments varies but the amount stays the same which helps your budgeting and administration.
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