We provide finance for acquiring equipment either under hire purchase or lease finance routes. The mode of finance to be employed for funding the requirement is left to you. Some of the distinguishing features between lease and hire purchase are given below:

	Lease finance	Hire purchase
Ownership	Ours	Ours
Book Depreciation claim	By you	By you
IT Depreciation claim	By us	By you
Expenditure claim	You can charge the entire lease rental to expenses.	Finance charges alone can be charged as expenses by you
Transfer of ownership at the end of the contract period	Ownership is not transferred to you directly. You have to identify a third party to whom the asset would be sold by us.	Ownership transfers automatically to you at the end of the contract period.
Tax implications	Lease tax is payable on lease rentals in some states	Sales tax is payable wherever there is no second sale exemption.

We are offering the lease finance option only to corporates. Some of the salient features of this mode of finance are given below:

• Equipment finance, lease and hire purchase, is generally provided only for general purpose machinery.
• In the case of imported equipment we provide the finance but this is approved on a case to case basis.