Financial Leasing
(Sale) Financial Lease (back)
With a Leasing product, we buy and own the asset the customer requires. The customer then hires it from ING, paying rental over a pre-determined period. With a Financial Lease, this rental is structured to the customers needs and covers the full cost of the equipment. We can also provide maintenance inclusive rentals on certain types of equipment.
Features of Financial Leasing
- economic ownership with lessee
- legal ownership with lessor
- fully amortising during tenor
- first preferred title to assets involved
- price quoted as a spread over the benchmark
- annuity payment schedule
Benefits of leasing for your client
- pay as you earn
- fixed costs, fixed tenor facilitates budget process
- object related financing:
- 100% of capital expenditure
- non house bank related
- full ownership at maturity
- deal driven rather than relationship driven