Norden 901 Finance Lease Offer

What is Finance Lease?

Life itself is an adventure and like all journeys, they have to start somewhere. Your story begins here - with our flexible Husqvarna Finance Norden 901 leasing offers.

Finance Lease is a rental agreement that, whilst never leading to full ownership, could give you a share of any future resale value. There are two types of Finance Lease agreements – ‘balloon’ repayment and full payout.

"Ballon" Finance Lease

‘Balloon’ repayment is when you defer a proportion of your vehicle’s value until the end of the agreement, leaving you with lower monthly rental repayments.

Once you’ve selected your initial rental, there are three decisions to make that will affect your monthly rental repayments: Payment Period (between XX and XX monhts), Final Ballon Payment (agree an amount to defer until the end of the agreement) or Mileage Per Year (how many miles you expect to drive each year).

"Full Payout" Finance Lease

Full payout is when you spread the amount financed equally over the term. Once you’ve agreed your initial rental, there are two decisions to make that will affect your monthly repayments.

"Ballon" Finance Lease

• Lower monthly rates: Lower monthly rentals than a full payout agreement.
• Excess sales proceeds: An opportunity to share in any excess sales proceeds which may settle or contribute to the final ‘balloon’ repayment. The sales proceeds are not guaranteed to cover the final ‘balloon’ repayment.
• VAT: Depending on levels of business use, an element of the VAT on rentals may be recoverable by VAT registered businesses.
• Claimable as expense: A proportion of rentals may be claimable as an expense against taxable profits.

At the end of your agreement you can choose from one of two options:

1. Sell the vehicle on behalf of Husqvarna Finance to a selected 3rd party and then settle the final ‘balloon’ repayment. You can then share in any excess sales proceeds.
2. Settle the ‘balloon’ repayment and then enter into a secondary rental period, paying an annual rental and retain the use of the vehicle.
   

• No final repayment: There’s no large final repayment at the end of the agreement.
• Excess sales proceeds: You’ll have an opportunity to share in any excess sales proceeds.
• VAT: Depending on levels of business use, an element of the VAT on rentals may be recoverable by VAT registered businesses.
• Claimable as expense: A proportion of rentals may be claimable as an expense against taxable profits.

At the end of your agreement you can choose from one of two options:

1. Sell the vehicle on behalf of Husqvarna Finance to a selected 3rd party. You can then share in any excess sales proceeds.
2. Enter into a secondary rental period, paying an annual rental and retain the use of the vehicle.