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Services - Secondary Rentals
     

We regularly find that companies which use finance leasing to fund major capital projects that have a useful life greater than the primary period will be subjected to secondary lease rentals.

We can offer you a service to reduce expenditure on that element of your current lease portfolio which is now in secondary period and upon which secondary rentals are payable.

Typically these secondary rentals will be in the order of 5% to 1% of the original cost payable annually in advance and could represent a substantial amount that your company is paying, and if they relate to long life assets, continue to pay for many years to come.

We have developed a structure whereby it is possible for you to continue to use the equipment but cease paying the secondary rentals and thus effect a major saving. In addition the ongoing paperwork is considerably reduced and the administration simplified.

Our scheme makes use of the provisions that are typically found within finance lease agreements and as our fee for providing this service is calculated as a percentage of the savings made it does not in itself constitute any additional cost.

 

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