The Alliance Group supports a large variety of clients from all walks of life. Sometimes mainstream funding options are not suitable for certain clients due to a variety of reasons.
Sometimes it can be past credit defaults, lack of trading history, new start up business or unfortunate life circumstances that have affected ability to work for a period of time. Otherwise this option also suits clients who do not want a long term commitment who only need equipment for a specific short term contract.
We are one of the few finance consultancies that offer our clients a rent to buy option. This means the financier buyers the equipment on behalf of the business and rents it to the business for fixed payments over a fixed period.
At the end of the contract the business can opt to:
- hand the equipment back with no more to pay
- continue the rental agreement at a reduced rate
- buy the equipment outright at market value or an agreed value
The contract usually runs for 12 months with an option to renew. For larger businesses this option can be structured as off balance sheet, meaning you can claim your rental payments as an operational expense.
If conventional main stream funding is not an option for you at the moment, the rent to buy scheme can allow you establish your business and good repayment history so after 12 months we can refinance you with a mainstream funder and reduce your monthly commitments.
Talk to one of our consultants today to find out whether the Rent to Buy option might be suitable for you or your business.