Hire purchase
Hire purchase (HP) is a financing arrangement where you can acquire an item by paying for it in installments over time. You start using the item immediately but don't own it until you've made all the payments.Â
Leasing
Leasing is the process of granting the right to use an asset or property from the lessor for a specified period in exchange for payment as per agreed terms.Â
Factoring
Factoring is a financial process where a company or business sells its accounts receivable to a financial company or factor at a discount from the face value, in exchange for immediate cash.Â
Auto-MP
A maintenance lease is a rental agreement that includes upkeep and servicing responsibilities by the lessor, ensuring the leased item remains in good condition during the lease term.Â
Hire purchase
Hire purchase is a service where one lump sum is paid by the owner (BSL) for the purchase of the capital assets and series of installments are paid by the hire purchaser (Customer) to BSL for the right to use of the assets. The ownership retains with BSL during the contractual period and will eventually be transferred to the hire purchaser when the hire purchaser complies with all terms and conditions set forth in the hire purchase contractÂ
Who may enter a hire purchase agreementÂ
A juridical personal such as a limited company, a partnership, and a limited partnership.Â
Wide Selection of hire purchase assetsÂ
Industrial Machine   Plastic injection machine, printing machine, lathe, metal cutter, textile weaving machineÂ
Vehicle                 Automobile, van, truck, trailerÂ
Heavy Equipment    Excavator, backhoe, forklift, truck craneÂ
Impressive hire purchase BenefitsÂ
Capital preservation
No collateral required
Inflation is controlled due to fixed lease payments
Flexible leasing term and conditions
Long-term financing
Reserve bank facility for other purpose
Avoid mismatched funding (short term working capital vs.. long-lived asset)
Leasing
Leasing is a new investment form that benefits entrepreneurs who seek to invest in additional capital assets. Instead of buying the assets in cash, they can approach BSL for a leasing facility. BSL will then purchase the assets selected by the entrepreneurs (lessees), and later collects lease payments, the ownership of the assets retains with BSL while the lessees make use of them.Â
At the maturity of the lease agreements, three alternatives are normally available to the lessees.
Extend the contract and enjoy lower lease payments
Acquire the leased assets from BSL at a special price
Return the leased assets to BSL
Who may enter a leasing agreement
A juridical personal such as a limited company, a partnership, and a limited partnership.
Wide Selection of Leased AssetsÂ
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Industrial Machine    Plastic injection machine, printing machine, lathe, metal cutter, textile weaving machine
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Vehicle                 Automobile, van, truck, trailerÂ
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Office Equipment     Computer, copying machine, telephone systemÂ
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Heavy Equipment     Excavator, backhoe, forklift, truck crane
Impressive Leasing Benefits
Facilitate accounting (off-balance sheet)
Lease payment is a tax deductible expense
Capital preservation
No collateral required
Inflation is controlled due to fixed lease payments
Flexible leasing term and conditions
Long-term financing
Improve earning report
Reserve bank facility for other purpose
Avoid mismatched funding (short term working capital vs.. long-lived asset)
Factoring
Turn your invoice into cash with Factoring
Factoring is the sale of accounts receivable. By Selling your invoices, you generate cash sooner than if you collected the money on your own. The factor company, in this case, BSL, would purchase your receivables, take title to the invoices and collect when the invoices are due. BSL assumes responsibility for all the costs, as well as the hard work and hassle that comes with customer debt collection
Suitable for Whom?
Businesses who sell goods/services on credit. Factoring is an effective tools to turn accounts receivables into cash. A company who would like to convert future payment into immediate cash for working capital purpose.Â
Factoring Service FeesÂ
Interest calculated on period of advances made.
Factoring Charge is calculated as a percentage of assigned invoices. This charge covers collection service and other related administration. BSL will provide on a regular basis, an Accounts Receivables Ageing and a Collection Report.
Factoring Benefits
Cash injection into working capital and improve financial liquidity.
You are not involved with any costs, hard work and hassles that come with debt collection.
You will be provided by BSL with a regular update/report on both the quality and the position of your accounts receivables transactions.
With improved cash position, you can leverage on increased purchasing power and take advantage of cash payment discounts from your suppliers.
Auto-MP
The Right choice for value and economy
When you decide on BSL Leasing’s Auto Maintenance Lease Program (AUTO-MP), you are not just choosing another car rental service. Besides helping you to eliminate personnel and operating costs associated with fleet management, we also make sure that you save money on a whole range of related expenses like insurance, maintenance and repairs, annual registration fees, providing substitute vehicles when necessary, and more, while charging only a monthly rate.Â
Auto-MP offers benefits and advantages that you will want to consider
All of our vehicles are given constant attention by our expert maintenance team.
Every vehicle is covered by comprehensive insurance from a leading insurer, and is backed up by a replacement in the event that it becomes unusable.
Monthly payments are tax deductible.
Monthly payments remain the same through out the duration of a contract. Cash flow is predictable corresponding to the company budget.
Leasing rather than purchasing vehicles means that no large investment is necessary and capital can be used for other company activities.
Lease contracts can be renewed, so that vehicles can be replaced to meet company needs
Special services you will appreciate
BSL Leasing’s highly-skilled staff is ready to provide you with quick, convenient service. The leased cars will be brand new and maintained by first class service centers according to manufacturer’s standard. BSL Leasing’s service includes many additional attractive features:Â
Countrywide service from our customer service center.
Chauffeurs can be provided for leased vehicles.
Choice of vehicles type to meet specific requirements.
Full comprehensive insurance coverage.
Option to purchase the vehicle is available, if needed.
Others Service
In addition to our services, BSL Leasing offers other services to meet specific needs. Highly-skilled teams are available to provide each of these specialized types of service which include :
Letter of credit opening for leased or hire purchased assets
Assets procurement available at reasonable pricesÂ