Arkle’s Finance Lease agreement is ideal for medium and long life equipment and vehicles. While Arkle will be the owner of the equipment during the term of the lease, you will retain all benefits and risks of economic ownership. There are various forms of leases in the market so before you sign the documents it is your interest to read the small print and fully understand the terms and conditions of the lease agreement.
Choose your equipment or vehicle.
Once you’ve signed your agreement with us, the equipment
or vehicle is yours to use as you wish. You’ll be responsible
for the maintenance and insurance and you’ll pay us a fixed
number of rental payments, which attract VAT over a fixed
period of time.
At the end of the fixed term (usually between two and five
years), you can either:
• hand the goods back to us without paying anything else,
• pay an annual secondary rental and continue
to roll your contract over for another year, or
• sell the equipment or vehicle to a nominated third party.
We’ll refund rental payments up to 95% of the net
sales proceeds, minus any associated costs.
As this is a rental agreement, you won’t own the equipment
or vehicle but you’ll get all the benefits and risks of economic
ownership. You can end the agreement early by returning your
goods and paying the remaining rentals.
Choose between one and seven year repayment terms.
When the equipment or vehicle is sold you receive a refund of rentals.
Sign your agreement digitally and say goodbye to print
and post.
This product can be flexible and allow the rentals to vary in line
with your seasonal income. This must be agreed prior to the
start of the agreement.
