The Leasing Process
FINANCE EXPLAINEDAn overview of the Leasing Process
So how do we get from start to finish? It’s remarkably simple and actually, you should take comfort in knowing that we review every transaction entirely on its individual virtues.Choose your supplier or manufacturer.
You are planning an investment and, once you have considered a requirement and specification, you engage with the supplier or manufacturer of your own choice as a cash payer. It’s then that the Leasing cycle begins...
Inclusive check.
Once we’ve approved the equipment to be financed in principle, we’ll run through your supplier's quotation with you to ensure that we finance all the relevant sections, including the intangibles such as maintenance, support and installation.
Leasing agreement.
Once credit is in place, the application process for finance is concluded. Jay City Finance will then arrange for the necessary invoicing instructions to be given to your supplier. This is followed by the delivery of the equipment to you, by your supplier. You confirm the perfect condition of the goods in a declaration of acceptance. Jay City Finance pays the supplier’s invoice. You pay the leasing instalments for the agreed amount and term.
FREQUENTLY ASKED QUESTIONS:
Q. How do I contact you?
For the fastest response, please contact us via our response form. You can also email us at info@jct-finance.com
Q. Why Lease when I could buy outright?
Your business capital or budget can be used to expand and make profit within your business. Leasing allows you to pay for your assets as they work and create revenue for you, just as you pay your employees.
Q. What types of assets can I finance?
Jay City Finance’s vast experience and knowledge allows us to provide you with bespoke financial packages for a wide range of industries and assets. Please see the “Assets We Finance” page for more details.
Q. Can I finance everything connected with a particular purchase?
Yes, Jay City Finance’s Leasing Agreement has the flexibility to allow you to finance not only the main asset , but maintenance, warranties and installation.
Q. How often do I pay?
Payments are made either monthly, quarterly or annually.
Q. When does the finance agreement start?
This depends on the size and, complexity of the project and therefore, type of facility structure which is tailored for your deal. For the majority of transactions, we pay your chosen supplier(s) directly on delivery and your agreement is then activated.
Q. Can we move our asset?
Usually yes. However, you must always notify us of any move in advance so we can confirm our approval in writing and amend our records accordingly.
Q. Who is responsible for insurance?
Normally, it is your responsibility to insure the equipment. There are exceptions to the rule, however. The chosen Lessor will request confirmation specific to each agreement and you will usually be expected to forward confirmation in writing that any products on the finance agreement schedule are adequately insured.
Q. Can we settle our finance agreement early if need be?
Yes. You may request a settlement figure relating to the finance agreement at any time. Most of our agreements offer discounts for early termination.