Services
What We do
Long-Term Lease Agreements
The client selects an asset (new or used), and Ficapex acquires it to sell to the client. The client repays the total purchase price in monthly instalments, which include financing costs. The agreement is structured around the acquisition of the asset, with the asset serving as security for the agreement.
Tax Benefits:
- The customer may obtain legal and beneficial ownership of the asset in accordance with the terms of the agreement.
- The buyer can claim allowable deductions, such as depreciation, for the asset.
Financial Benefits:
- The buyer retains cash flow by avoiding a significant upfront payment.
- Financing is available for up to 80% or 90% of the asset’s value.
- Flexible terms allow the purchase agreement to be tailored to your needs, with options from 6 to 48 months and the ability to adjust the deposit to suit your financial circumstances.
- Asset-based finance can help businesses preserve existing banking facilities and working capital for day-to-day operations
Lease-to-Own
Under a lease-to-own agreement, the client selects an asset (new or used), which Ficapex purchases and leases to the client. The client makes monthly payments during the lease term, gaining full use of the asset. At the end of the lease, the client purchases the asset for a pre-agreed price.
Tax Benefits
- Full Deduction: Lease payments may be deductible for tax purposes, subject to the customer’s individual circumstances and professional tax advice.
- Capital Allowances: Depending on the structure of the agreement and the customer’s circumstances, certain tax benefits or capital allowance treatments may be available.
- Off-Balance-Sheet Treatment: Lease agreements many times offer accounting advantages when compared with traditional funding methods, depending on the customer’s circumstances and applicable accounting standards. Customers should seek independent professional advice regarding the treatment of any lease arrangement.
Financial Benefits
- Preserves Cash Flow: The lessee avoids tying up cash by financing the asset rather than purchasing it outright.
- Flexible Financing: Up to 80–90% of the asset’s value can be financed.
- Customised Terms: Lease terms can range from 6 to 48 months, with options for varying deposit amounts and a pre-agreed fixed purchase price at the end of the lease. The agreement can be tailored to meet specific financial needs.
- Protects Borrowing Capacity: Lease agreements are not classified as liabilities, ensuring access to other lines of credit and bank loans.
Other Benefits
- Simplified Accounting: Lease payments are recorded as operating expenses, streamlining bookkeeping.
- Asset Renewal: Leasing makes it easier to update or replace assets regularly, keeping your operations efficient and up-to-date.
Your Best Asset
We provide asset leasing solutions for a wide range of business assets across Ireland, including:
• Vehicles: Commercial Vehicles like vans, trucks, tractor units, refrigerated vehicles and specialist transport equipment.
• Trailers & Transport Equipment: Curtain siders, refrigerated trailers, tankers and other commercial transport assets.
• Construction & Plant Equipment: Excavators, loaders, dumpers, access platforms, telehandlers and specialist construction machinery.
• Agricultural Machinery: Tractors, balers, harvesters, sprayers and other agricultural equipment.
• Forestry Equipment: Harvesters, forwarders, chippers and specialist forestry machinery.
• Specialist Business Equipment: Equipment used by businesses to support operations, productivity and growth.
