Also known as a ‘full pay-out’ lease, this is a method of financing assets over an extended period in a cost effective manner. Leasing keeps money in your business rather than ties up in depreciating assets. With regular repayments to meet your cash flow and budgetary requirements over a time frame to suit you, this is a very cost effective alternative to paying cash.

Leasing is a very popular as a form of finance as it allows the client immediate use of the asset while not imposing restrictions on their cash flow. Payments made under a lease agreement may be tax deductible, making this form of asset finance even more attractive.

In legal terms, a lease is an agreement between the lessor (Deutsche Leasing (IRL) Limited) and the lessee (the client) to rent equipment for a fixed period, which does not transfer ownership to the lessee. At the end of the lease, the equipment may be leased again for a secondary rental period or may be purchased off the lease (this option may have tax implications, independent financial advice is recommended).