Financial Terms Glossary

Lease Purchase

Formal

A Capital Lease (see definition) that specifically allows the customer a right to purchase the equipment at the end of the lease period. Therefore this is a form of Hire Purchase - with all the risks of ownership vesting with the user. Reported 'On Balance Sheet'.

Informal

A brand new name for companies for the old Hire Purchase agreement used to buy products on the 'never never' - ie by long term credit.

What we do

At Shark Finesse we have developed an enterprise-grade cloud application to help businesses standardise and simplify their value engagements across the entire customer journey.

Shark, a business value engagement platform used by 1000’s of customer-facing teams globally (e.g. pre-sales, sales, value teams, and customer success) is easy to use, intuitive and usable directly with the customer to negotiate the likely business returns from investing in a solution.

By adopting the Shark approach you will fundamentally transform conversations with new and existing customers, close more business, and differentiate from the competition.
Find out how

We'd love to hear from you!

Phone
+44 (0)1256 338635
Address
Grove House, Lutyens Close
Basingstoke, Hampshire
RG24 8AG, UK