Asset Finance
Please note: This is not regulated by the Central Bank of Ireland.
Leasing
Effective cashflow management is one of the key challenges for businesses today. Leasing allows your business to obtain the use of selected plant, equipment or vehicles over an agreed term - in exchange for a fixed rental. It is suitable for companies who need to preserve credit lines and is ideal if you don't have further security available for additional bank facilities.
Key Customer Benefits
- Cashflow and other bank credit lines are preserved
- Payment schedules can be tailored to match income and cash flow
- Usually no additional security is required
- Gives your business new plant and equipment with a small initial outlay
- 100% finance available
- Rental payments are fixed, allowing you to budget accurately
- Lease rentals are deductible for tax purposes (subject to current legislation)
- VAT on lease rentals is reclaimable (with the exception of motor vehicles) when you are registered for VAT
How does it work?
At its simplest, leasing is an arrangement whereby the bank buys the assets your business needs and leases them to you over a given period (usually 3 - 5 years). In this way you are acquiring the use of the asset without putting your cashflow under extra pressure. At the end of the lease period you can either extend the lease or buy the asset outright (through Leased Assets Disposal Company).
For Further Informaiton
on Leasing call us on 01 614 0300 or contact your local Bank of Ireland branch.
Click here to download Leasing PDF
(PDF Document, 574KB)
Hire Purchase
Hire Purchase (HP) is an agreement whereby fixed plant / equipment / vehicles are purchased by the bank on behalf of the customer and hired for an agreed term.
On completion of the term, ownership passes to the customer for a nominal sum.
Click here for Hire Purchase PDF
(PDF Document, 241KB)
BIF Direct - Asset Finance over the phone
Asset Finance approval without leaving your office
Bank of Ireland Finance (BIF) understands that running your day-to-day business means your time is increasingly precious. That's why we're introducing BIF Direct - our asset finance phone-line. BIF Direct allows you to arrange all your asset finance requirements over the phone up to the value of €70,000.
What it means for you:
- The convenience of arranging asset finance from your own desk.
- Immediate access to a dedicated team of asset finance specialists.
- Quick approval - your leasing / hire purchase / loan arrangements are processed within 24 hours. With leasing we'll buy assets on your business's behalf and lease them to you over a given period. Hire purchase involves the purchase of plant, equipment or vehicles on your behalf and in return hiring this equipment out to you for an agreed period. Formal ownership then passes to you at the end of this period.
- Once approved, we'll make an appointment for you to call into any one of our 274 branches to finalise the deal.
Call our dedicated BIF Direct team today and organise your asset finance needs from your own office. It's quick and hassle-free. We'll be delighted to hear from you.
Dublin: 1890 400 100
Cork: 1890 291 929
Contact Details
For further details on any of the above products please contact:
Customer service queries:
Bank Of Ireland Finance
Banking Operations
Po Box 10844
Cabinteely
Dublin 18
New Business
Bank of Ireland Finance
Colm House
91 Pembroke Rd
Ballsbridge
Dublin 4
Tel: 01 614 0300
Fax: 01 614 0301
Email:info@bif.ie
| Area | Telephone | Fax | |
|---|---|---|---|
| Area Dublin | Tel: (01) 6631191 | Fax: (01) 6631181 | |
| Sales Desks | Tel: (01) 6631191 | Fax: (01) 6631181 | |
| Area East | Tel: (01) 6631192 | Fax: (01) 6631182 | |
| Area West | Tel: (01) 6631193 | Fax: (01) 6631182 | |
| Area South | Tel: (021) 4271738 | Fax: (021) 4277215 | |
| Corporate Sales Desk | Tel: (01) 6560666 | ||
| Customer Service | Tel: 1850 664466 | Fax: (01) 6684330 | customer@bif.ie |
| BIF Direct | Dublin: 1890 400 100 Cork: 1890 291 929 |
Alternatively call any Bank of Ireland branch.
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