Team Leasing also offers an escrow product that can be used with rental, finance lease or commercial hire purchase. This product is useful for financing a project, for example a large office fit out, that needs to have progress payments made to the supplier/s prior to the equipment being fully commissioned. Your progress payments attract an interest charge which can be capitalised into the lease or paid prior to the lease commencing.
Another example may be that your equipment supplier has payment terms of 50% on order, 30% on delivery and 20% on commissioning. To meet these payments from cash flow or other facilities might be difficult. A lease in escrow removes these difficulties by making the payments to the supplier on your behalf. You only need to pay interest on the payments made to the supplier until all of the conditions have met and at this time the agreement starts in full.
If you need the flexibility of a Team Leasing tailored lease in escrow, apply now or contact us online or call us on 1300 798 977 and learn how Team Leasing can help your business grow.
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