| |
Fin.
Lease |
Op
Lease |
Hire
Pur. |
Cont.
Hire |
Bank
Loan |
Cash |
|
| Leaves
working capital intact |
 |
|
|
|
|
 |
|
| Customers
can claim FYAs/WDAs |
1 |
|
|
|
|
|
|
Rentals
are tailored
to cash flow |
|
|
|
|
|
|
|
| Rentals
are normally tax deductible |
1 |
|
Interest
only |
|
Interest
only |
|
|
| Additional
Security required |
2 |
2 |
2 |
|
|
|
|
| On
balance sheet funding |
|
|
|
|
|
|
|
| Off
balance sheet funding |
|
|
|
|
|
|
|
| Choice
of fixed/ variable rentals |
|
|
|
|
|
N/A |
|
Ultimate
ownership
of asset |
|
|
|
|
|
|
|
| Fixed
term agreement |
|
|
|
|
|
N/A |
|
| Term
can be extended |
|
|
|
|
|
N/A |
|
