Our capital leasing services are designed to help your business utilise capital equipment without having to purchase the equipment outright. We offer various kinds of leases to suit your requirements. With capital leasing ownership of the asset being financed is vested in the lender and the right of use is vested in the borrower. At First Capital Bank, we offer various kinds of leases such as: Straight Financial Lease, Lease Back, Discounted Lease, Block Discount Lease, Operating Lease and Master Finance Lease.
Conditions for Capital Leases
To qualify as a capital lease, a lease contract must satisfy any of the four criteria.
The life of the lease must be 75% or greater for the asset’s useful life.
The lease must contain a bargain purchase option for a price less than the market value of an asset.
The lessee must gain ownership at the end of the lease period.
The present value of lease payments must be greater than 90% of the asset’s market value.
TO FIND OUT MORE.
Visit your nearest branch and speak to one of our Customer Service Representatives – or fill out the enquiry form and we will be in touch.