Let Us Help You Eliminate Your Secondary Rentals
If your company uses finance leasing to fund both major capital projects and individual items of equipment then we have a service that can potentially help your business save money. If your equipment has a useful life greater than the primary period then it will be subject to secondary rentals, also known as peppercorn rentals.
This is where we step in. We can offer you a service to eliminate expenditure on that element of your current lease portfolio which is in its secondary period or which will be in the future.
How Our Secondary Rentals Service Helps You
Typically, secondary rentals range from 0.5% to 1% of the original asset cost, payable annually in advance and could represent a substantial amount of money that your company is currently 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 to continue to use the equipment but cease paying the secondary rentals, this is how you make major cost savings. In addition the ongoing paperwork is considerably reduced and the administration simplified.
How Our Fee Is Calculated
Our service makes use of the provisions that are typically found within finance lease agreements and as our fee is calculated as a percentage of the savings made there is no additional cost to you.
Network Asset Finance: Experience When You Need It
Network Asset Finance has been operating successfully for over 25 years. Our service is well proven with companies both large and small and is accepted by major accountancy practices as a safe and efficient means of dealing with the end of lease scenario.
To find out how we can help you eliminate your secondary rental costs get in touch with us today.