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The benefits of usership without the worries of ownership

We can help you finance a wide range of business assets, such as IT equipment, machinery or vehicles, with deals tailored to fit your individual business requirements.

From a single car to a desktop computer or even a whole network, asset finance could be the solution your company needs.

In fact, we can help put almost any tangible asset to work in your business.

Why asset finance?

  • Cash flow - the potential to keep monthly commitments low
  • Tax and VAT - your business could realise significant benefits with an appropriately structured agreement
  • Avoid ownership costs - the potential to avoid disposal and management costs
  • Flexibility - fund almost any tangible asset, including specialist assets

Local advice

With business centres located in the Isle of Man, Jersey, Guernsey and Gibraltar, Isle of Man Bank is close to your business and your business needs.

Contact us today for more information.

Asset finance options

Option Features Benefits
Hire purchase/lease purchase A straightforward repayment facility where you can ultimately own the asset at the end of the repayment period. Fixed or variable interest rates, with repayments structured to suit your cash flow requirements.
Finance lease A flexible method of funding a broad spread of business assets. A Finance lease offers all the practical benefits of ownership but without any of the potential burdens. You gain immediate use of the asset with minimum initial outlay and payments can be arranged to suit your cash flow. Rentals can normally be offset against taxable profits.
Operating lease (planned rental) Particularly effective for high-value and specialised assets and vehicles. An operating lease guarantees the residual value of an asset, which means the repayments are lower than traditional finance. Rentals can be matched to your cash flow and can normally be offset against taxable profit. You can normally treat the asset as 'off balance sheet', subject to your auditor's approval.
Contract hire With this simple-to-manage option, Lombard takes care of the administration of the assets, leaving you to concentrate on more important business activities. Fixed monthly repayments help budgeting forecasts, and rentals can normally be offset against taxable profit. Assets may also be treated 'off balance sheet', subject to your auditor's approval.
Contract purchase Similar to contract hire with added flexibility at the end of the term. At the end of the agreement you can keep, sell or return the asset - the choice is yours.

Get a quote

  • Call us on
    01624 637000

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