Ballyvesey Finance

Types of Finance Ballyvesey Finance offer

At Ballyvesey Finance, we put your needs first and help you find the finance that suits you best; whatever kind of asset you need. From vehicles, machinery and aviation to many other assets but we would always recommend seeking specialist advice on VAT and Tax relating to your business.

Finance Overview

Hire / Lease Purchase

Finance Lease

Operating Lease

Contract Hire

Contract Purchase

Will we own the asset?

YES

NO

Possible NO

Possible

Are rentals tax deductible?

Interest only

YES YES YES

Interest only

Is the asset off balance sheet? *

NO NO

YES

YES

NO

Can I have fixed or variable rate?

YES YES Possible

NO

NO

Can we claim capital allowances?

YES

NO

NO

NO

YES

Will the rental payment be linked to the future value of the asset?

NO

NO

YES

YES

YES

Can VAT on payments be reclaimed?

N/A

YES

YES

YES

N/A

Can VAT on cost of asset be reclaimed?

YES NO NO NO

YES

Can service & maintenance be included?

YES YES YES

YES

YES

*  Classification as off-balance sheet funding is subject to auditor’s approval

         

Hire Purchase »

A straightforward option, where you ultimately own the asset. Includes flexible payments and perhaps a final balloon payment.

Finance Lease »

A flexible method of finance that offers the practical benefits of ownership without the potential burdens.  Final balloon also available.

Operating Lease »

Particularly effective for specialised assets of higher value, this helps improve cash flow and allows *off-balance sheet funding.

Contract Purchase »

The control of ownership, but with greater flexibility at the end.  Plus a guaranteed residual value helps make the asset more affordable.

Contract Hire »

Locate, finance, maintain and dispose of assets.  No depreciation risk and suited to defined replacement programmes.

Invoice Discounting / Factoring »

Particularly effective for specialised assets of higher value, this helps improve cash flow and allows *off-balance sheet funding.