Obtaining the cheapest leasing and hire purchase rates depends not only depends on the strength of the covenant but also on the quality of the information provided. As with any transaction the easier you make it for an underwriter to understand the proposition the more chance you have getting a deal agreed in the first place and therefore the better the chance of getting a decent rate.
Therefore with any transaction a full set of audited accounts should be provided, most recent mangement accountss, 3 months bank statrements, details of any finance agreements coming to the end of the agreement and a clear rational will also help
Tags: hire purchase, leasing
