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Finance and Vehicle Leasing

Leasing is a way of getting the use of vehicles, plant, and equipment such as computers and office fixtures, without paying the full cost at once. Operating leases are taken out where you will use the equipment for less than its full economic life, for example a car, photocopier, vending machine or kitchen equipment.

The leasing company, or lessor, takes the risk of the equipment becoming obsolete, and assumes responsibility for repairs, maintenance, and insurance. As the lessee, you are paying for this service so it is more expensive than a finance lease, where you lease the equipment for most of its economic life and maintain and insure it yourself. Leases can normally be extended, often for fairly nominal sums, in the latter years.

If you would like a quote on a particular Finance arrangement or Lease please do not hesitate to call EAC. Rest assured you will not be disappointed.