Compare types of technology finance

Back	Finance lease This flexible type of asset finance offers the practical benefits of ownership, without the potential burdens. We own the assets but give you full use of them right away, at minimal up-front cost. Assets you can finance with finance lease Cars and vans HGVs Buses and coaches Plant and machinery Agricultural equipment Construction and materials handling equipment IT and communications technology	Operating lease This option is well worth considering for specialised and higher value assets. We own the asset and take the risk of it losing value. Meanwhile, you get to use it for as long as you wish. Assets you can finance with operating lease HGVs Buses and coaches Plant and machinery Agricultural equipment Construction and materials handling equipment IT and communications technology
Will we own the asset?	No	Possible
Are rentals tax deductible?	Yes	Yes
Does this route preserve capital?	Yes	Yes
Can I have fixed or variable rate?	No	No
Can we claim capital allowances?	No	No
Will the rental payment figure be linked to future value of asset?	No	Yes
Can VAT on payments be reclaimed?	Yes	Yes
Can VAT on cost of asset be reclaimed?	No	No
Will service and maintenance be included?	Possible	Possible