Golf Finance offer a range of services to meet the needs of each individual business – see below some of the most common packages we provide:

• Finance Lease
• A Finance Lease is a simple and straightforward way of financing a fixed asset. VAT is payable on each lease payment and therefore spread across the duration of the term, which is key for Golf Clubs given their position on VAT recovery. At the end of the lease, the business can look to take ownership of the asset, return the asset to the supplier or a third party, or extend the lease agreement. It is important to consider what rebate percentage is set up on these agreements, as that can affect the options available when it comes to the end of the term.

• Operating Lease
• With an Operating Lease, the business does not repay the full value of the asset; instead, they pay for either their usage of the asset, or for the duration that they use it. At the end of the rental period, the business will return the asset to either the supplier or a third party, depending on who has taken the Residual Value. Similar to a Finance Lease, an Operating Lease allows VAT to be paid along with the monthly rentals.

• Contract Hire
• This is similar to an Operating Lease, but a Contract Hire provides the option to add packages which cover the care and maintenance of the asset. The agreement is generally set up with an initial payment and then a fixed monthly cost over an agreed period. This removes any uncertainty regarding changing residual values.

• Hire Purchase
• Hire Purchase can provide a flexible and cost effective option for a business purchasing equipment. Unlike a Finance Lease, VAT is required to be paid up front along with a deposit, and the payments are structured from there. This allows the business to own the asset outright at the end of the period, while supporting cash flow.

• Loans
• A basic unsecured loan can support a range of business expenditure, providing fast capital to to boost working funds. It offers flexibility for certain projects as the loan is usually paid directly into the borrower’s bank account, giving them control of the funds to pay suppliers as and when required.

• Sale and HP Back
• This represents a straightforward way to finance an asset even though it has already been purchased outright. It is generally still possible to arrange finance on an asset within 90 days of the purchase date. The lease back option can be either be set up through a Finance Lease or a Hire Purchase agreement.

Got specific questions? Looking for a different type of package? Simply get in touch.