ELS Vehicle Technology Leasing: Capitalise on Technological Advancements.
Vehicle Technology Leasing
With factors like inflation and fuel costs continuously rising, it's becoming increasingly important for businesses with fleets of vehicles or in the transport industry to implement measures to reduce those costs. The lastest technology can help achieve that goal but it isn't always feasible to purchase it outright and we know how quickly technology can change and become outdated.
To address this issue, we've been building solutions with different funders over a number of years to overcome the cost hurdles so that you can invest in the latest technology, save money and help to sustain and grow your business.
We offer the following:
Try our ELS finance calculator to get an idea of your monthly payments
*For illustration purposes only. This is not an offer or quote for finance. if you are new start business or educational / local authority entity these guidelines rates are not applicable. Please contact us direct for a quote.
Business Vehicle Tracking
Let's have a chat about your business vehicles
Make your business vehicles safer and smarter with vehicle tracking and CCTV technology! Keep an eye on your vehicles and drivers, and save money in the long run.
It’s a smart way to keep your fleet safe and cut down on costs. Let's have a chat about your business vehicles.
What's the next step?
Get in touch and tell us about your business, the problems you're facing and let's look at the vehicle technology solutions that will work for you. Call 0116 389 3839 or complete our form
Frequently Asked Questions
LEase finance - asset finance - EQUIPMENT LEASING - HIRE PURCHASE
Lease Finance is a financial arrangement that allows you to acquire the equipment you need without a hefty upfront cost. Instead, the cost is spread over manageable monthly payments, freeing up your capital for other business needs.
In a typical Lease Finance agreement, ELS purchases the asset you require and leases it to you for a predetermined period. You make monthly payments for the duration of the term, after which you have various options, including continuing the lease or purchasing the asset.
Lease Finance agreements usually last between 2 to 6 years. However, there are special cases where the term can extend up to 7 or even 10 years. The length of the term affects both your monthly payments and the total interest payable.
While buying outright eliminates interest costs, it also requires a significant initial investment. Lease Finance allows you to spread these costs over time, preserving your cash flow for operational expenses and potential growth opportunities.
From energy-efficient technology to office equipment, ELS offers Lease Finance solutions across a wide range of sectors. Whether you're in education, energy, or any other industry, we've got you covered.
Absolutely. Lease Finance is often more accessible for start-ups than traditional business loans. The asset itself serves as security, reducing the lender's risk and making it a more viable financing option.
Yes, Lease Finance payments can usually be deducted from company profits before calculating tax, offering you potential tax advantages.