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Operating Lease
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Cash flow challenge: I need to use equipment short-term without owning it.
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Perfect for: Businesses needing short-term access to vehicles, machinery, or equipment without long-term cost or responsibility.
An operating lease gives your business the freedom to use essential equipment for a fixed term, without owning it.
It’s often the most cost-effective way to access tools, vehicles, or tech that you don’t need forever and it keeps assets off your balance sheet.
We compare providers, help you apply, and make sure you get the right deal for your needs.
Related asset finance options
Pages in this SectionWhat is an operating lease?
An operating lease allows your business to rent equipment or vehicles for a fixed period with no intention to own it.
It’s often used when the asset is only needed temporarily or may become outdated quickly, such as in IT, construction or logistics.
Because the leasing company retains ownership, the asset stays off your balance sheet, and your business gains maximum flexibility.
How it works with Novuna Business Cash flow
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Tell us what equipment or vehicles you need
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We compare providers and recommend a great fit for your situation
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You apply with expert guidance
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Access the asset and start using it immediately
Fast decisions. Flexible options. Funding over £2bn to more than 1,000 SMEs every year.
Is an operating lease right for you?
You only need the equipment temporarily
Operating leases are ideal for short-term use without the commitment of ownership.
You want to avoid ownership responsibility
Maintenance, depreciation, and disposal typically remain with the lessor, not you.
You want simple, predictable monthly payments
Fixed payments make budgeting easier while keeping your equipment up to date.
If this sounds like your business, we’ll help you compare options and lease the right way.
Novuna can support a range of asset funding needs
I want to own the asset over time
I want the option to purchase later
I need funding for tools, machinery or IT
I want flexible vehicle leasing
How we help
Tell us what you need
Start with a simple form or call - tell us your business challenge.
We compare your options
We compare multiple providers to get you a great deal.
Choose the right structure
We help you weigh up operating lease vs finance lease vs hire purchase.
Apply with expert support
Get help applying - with a real expert on hand throughout.
Get clear, transparent terms
No jargon, no surprises – just honest advice with no hidden fees.
Receive funding fast
Get access to finance quickly so you can focus on your business.
Why take action now
Avoid delays and start using essential equipment right away
Reduce upfront costs and preserve cash
Avoid being stuck with outdated assets
Choose a flexible lease with clear monthly terms
Why choose Novuna Business Cash Flow?
Why businesses trust us for operating leases
We're highly rated by our existing customers
"The communication and support has been outstanding. Providing me with all the information I needed regarding new clients coming onto our books. The system they use is so user friendly and the drawdown payments are very efficient in the fast moving world of temporary payroll.'
More reviewsWe're a multi-award winning business cash flow specialist
Innovation in the SME Sector 2024
Alternative SME Lender of the Year
SME Lender of the Year 2023
Best Use of Technology 2023
Best Provider 2023
What leasing looks like in your sector
Tailored asset finance for your industry
Can I buy the equipment at the end of the lease?
Usually not, with an operating lease the asset is returned to the leasing company.
How does an operating lease work?
The finance provider buys the asset and leases it to your business for a fixed term, usually 2–5 years. You make regular payments for its use, and at the end of the agreement, the asset is returned to the lender with no obligation to buy it.
What are the benefits of an operating lease?
- Lower monthly costs than hire purchase or finance leases
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No ownership risk, as the lender retains the asset’s value
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Access to up-to-date equipment or vehicles
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Tax-efficient payments, as rentals can often be deducted as business expenses
What’s the difference between an operating lease and a finance lease?
A finance lease is designed for long-term use and may end with an option to sell or continue renting the asset, while an operating lease focuses on short-term use you rent the asset for part of its lifespan and return it once the term ends.
