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Home > BFS > Leasing FAQs

Leasing Frequently Asked Questions

How are my monthly payments paid?
All monthly payments are paid by direct debit from your bank account. Typically the first payment will be due one month after the date of the finance agreement, and subsequent monthly payments will be due every month for the length of your term on that day of the month.

What length of repayment is available?
You can choose a 36 months/60 months repayment period.

Do I own the equipment?
You do not hold title to the equipment and have no right to buy it. However, the equipment is situated at your premises and you will benefit from its use.

Can I end the agreement early?
You can opt to end the agreement and return the equipment provided you notify us and pay the agreed minimum number of rentals. If there is a possibility that you may wish to end the agreement early, it would be best to choose a shorter minimum term, for instance 2 years instead of 3.

What happens at the end of term?
You can replace your solution with new up to date technology. Your rentals will be reviewed but, depending on the new solution, this can involve little or no extra increase in your outgoings.
Or, you can simply carry on paying the existing rentals under the terms of your rental agreement.
Or, you can end the rental agreement and return the equipment.

What if interest rates change ?
Rental payments are not affected by fluctuating interest rates.

Business Finance Solutions “BFS” is a trading style of GE Capital Equipment Finance Ltd, 2630 The Quandrant, Aztec West, Almondsbury, Bristol, BS32 4GQ. Registered in England No. 1102466.
Registered Office: Meridian, Trinity Square, 23/59 Staines Road, Hounslow, Middlesex, TW3 3HF

 

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