APT Finance
Business efficiency is a matter of revenues versus costs: leasing equipment in this context makes a lot of sense. Talk to APT about flexible financing such as hire purchase, lease purchase or any other type of finance plan to suit your requirements... Email Us
Site Map Frequently Asked Questions Login
Home Services Guide Finance Plans Enquiries
Site Map
About Us
Why Apt?
Our Approach
Service Pledge
Our Philosophy

Finance Plans
User Guide
Supplier Guide
Dealer Login

Enquiry Form
Dealer Form
Mailing List
Our Location
E-Mail Us

Finance FAQ - Operating Lease

  1. Can I claim tax allowances?

    No. But typically you can deduct the rentals for tax purposes.

  2. Can this type of lease be 'off-balance sheet'?

    Yes, subject to confirmation by your auditors, you have the option to classify your lease as 'off-balance sheet'. In this case, the leased asset(s) would not appear as a capital asset(s) in your annual report and accounts.

  3. Can I claim the VAT charged on the rentals?

    Providing you are registered for VAT, you can normally claim the VAT payable on the rentals. (Special rules apply to company cars.)

  4. Who is responsible for servicing and repair?

    Unless you have servicing and maintenance built into your agreement, you are responsible for maintaining the asset(s) in good condition. If you fit any replacement or additional parts to the asset(s), they become our property.

  5. What if the asset(s) is/are lost, stolen, damaged or destroyed
    or become subject to a total loss claim during the period of the lease?

    You are responsible for the asset(s) and for any outstanding balance on the agreement. Comprehensive insurance, covering at least the full replacement cost of the asset(s), is therefore mandatory.

  6. What happens at the end of the agreement?

    It will depend on the type of Operating Lease facility you have. You should consult our Head Office just before the end of the period of hire; we would be delighted to discuss the options open to you.

Back to FAQ main menu

For further information,
please contact us or use the enquiry form

Tel: +44 (0)1628-789769 Email Us Fax: +44 (0)1628-788299
Tel: +44 (0)1491 642077 Email Us Fax: +44 (0)1491 642078

| Home | Site Map | About Us | Services Guide | Finance Plans | FAQ | User Guide |

| Why APT? | Our Approach | Business Partner Application | Enquiries | Email Us |

© APT Finance. All Rights Reserved
| Legal Disclaimer |

Designed by Dynamic Webs...