Leasing & Hire Purchase

Lease IT: Empowering Your Business for Stable Growth with Leasing and Hire Purchase

Grow your business steadily with Lease IT's leasing and hire purchase solutions! You don't need to make a large upfront investment, providing a flexible option that significantly improves your business's cash flow. Our process is easy to apply for, offers fast approval, and allows you to choose the leasing or hire purchase format that best suits your needs.

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*Fill out your information and receive immediate preliminary approval.

What are Leasing and Hire Purchase Loans?

Leasing & Hire Purchase loans are designed to significantly boost your business's cash flow. With these solutions, Lease IT will either pay the full value of the asset directly to the seller or provide you with an initial payment. You then repay Lease IT in equal monthly installments over a period of 1 to 5 years (depending on whether it's a leasing or hire purchase agreement).

This means you don't need to make a large lump-sum payment for significant purchases like machinery, commercial vehicles (trucks, prime movers, trailers), various tools and equipment, computer and IT hardware, or medical devices.

To qualify, you'll need to have an existing contract with a government agency or a reputable private company and assign the rights to receive payment from that contract to Lease IT.

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Differences Between Leasing and Hire Purchase

	Leasing	Hire Purchase
Objective	For long-term usage	To own the asset
Ownership at Contract End	Flexible option At the end of the contract, you can choose to own the equipment, continue leasing, or return it.	Immediate ownership At the end of the contract, you immediately become the owner; this cannot be changed.
Minimum Contract Term	Contracts starting from 3 years	Contracts starting from 1 year
Tax Benefits	Greater deduction Leasing is a rental agreement, and monthly rental fees are 100% deductible as expenses, offering more tax relief than depreciation plus interest for an owned asset.	Lesser deduction Although not truly owned yet, the machinery in the contract is considered a business asset from the start. What's calculated for tax is not the rental fee, but depreciation plus interest expense, which results in a lower tax deduction.

• Why Choose Lease IT for Leasing and Hire Purchase?

Leasing and Hire Purchase from Lease IT offer an excellent alternative to support businesses that deal with government agencies, state enterprises, and large private companies.

You can manage your capital and cash flow effectively, making fixed monthly rental payments and interest rates throughout the contract term. This allows you to precisely plan your cash flow and calculate production costs.

You can also leverage tax benefits to reduce your business's tax burden (specifically for leasing contracts), which is often more advantageous than investing with cash.

The assets can be installed and used at your company's premises or at your client's (trade debtor's) location.

Who is Leasing and Hire Purchase Suitable For?

Leasing and Hire Purchase are suitable for:

Entrepreneurs who wish to sell goods in a lease-to-own or hire-purchase format to government agencies, state enterprises, large private companies, and educational institutions such as state schools and universities.
Entrepreneurs who need to lease or hire purchase machinery and equipment to expand their operations and support business growth.

What Types of Assets Are Suitable for Leasing and Hire Purchase?

Leasing and Hire Purchase are suitable for a wide range of assets, including:
Office equipment, IT equipment, computers, and electrical appliances.
Medical equipment, X-ray machines, and other medical instruments.
Security equipment, plastic injection molding machines, and machinery or tools used in construction.
Commercial trucks, such as lorries, prime movers, and trailers.
Educational equipment and musical instruments.

Leasing and Hire Purchase Service Application Process

Our Customers’ Businesses

Here are some examples of the diverse businesses we support:

Trading businesses: Buying and selling various goods.
Utility system works: Installing and maintaining electrical, plumbing, CCTV, and fire prevention systems for buildings and factories.
IT sales and installation: Selling IT equipment and setting up IT systems.
Event management: Organizing events, exhibitions, competitions, trade shows, and local cultural events ("Nawatwithi").
Printing and packaging: Producing printed materials, packaging, and Point of Sale Materials (POSM).
Media production: Creating films, video presentations, TV programs, websites, and applications.
Premium product manufacturing: Producing and selling promotional items, shirts, and uniforms.
Building and landscape maintenance: Providing cleaning and landscaping services for commercial properties.
Modern trade suppliers: Manufacturing and distributing products to leading department stores, supermarkets, and other modern retail channels.
Labor contracting: Supplying contract workers, staff, housekeepers, and security guards.
Medical and scientific equipment: Selling and installing medical, professional, and scientific instruments.
Industrial machinery and equipment: Selling and installing machinery and equipment for factories.
Transportation and logistics: Businesses involved in freight, delivery, and supply chain management.
Food production and distribution: Manufacturing and selling food products, seasoning powders, and industrial raw materials.
Chemical sales and manufacturing: Producing and distributing chemical products.
Various service businesses: A broad range of other service-oriented companies.
Furniture and home decor: Manufacturing and selling furniture, and interior decorative items for homes, buildings, and offices.
Construction and interior design: General construction contractors and interior decoration services.
Vehicle and marine manufacturing: Building and modifying vehicles, boats, and commercial vehicles.

From the Heart of a Leasing and Hire Purchase Customer

Watch Video

Khun Sathit,

Owner of a Technology Service Business

"Lease IT acts as our financial advisor. They help us manage slow-paying debtors, so we don't have to wait a long time for payments. This allows our company to pay employee salaries without getting into debt, unlike a traditional bank loan. It's essentially using money we'll receive from customers in the future, today. Plus, their service is friendly, with flexible approval criteria and high credit limits, ensuring our business runs smoothly. They truly meet all our needs."

Applicant Qualifications

Here are the eligibility criteria for applicants for Leasing and Hire Purchase:

Experienced and Reliable Businesses: You should have expertise in your field and no history of abandoning projects or facing claims for compensation from government agencies or state enterprises.
Registered Legal Entities: Your business must be registered as one of the following legal entities:
- Limited Company (Co., Ltd.)
- Limited Partnership (Ltd. Part.)
- Joint Venture
- Consortium
- Public Company Limited (PCL.)
Clients Working with Public Sector Entities: This includes businesses that engage with government agencies, state enterprises, provincial administrative organizations, sub-district administrative organizations, local administrative organizations, various municipalities, and similar bodies.

Required Documents

General Company Documents

House Registration of the authorized signatory director.
ID Card of the authorized signatory director.
Change of Name/Surname Certificate of the authorized signatory director (if applicable).
Company Certificate of Registration (issued no more than 3 months ago).
VAT Registration Certificate (Phor Por 20).
Company Establishment Registration Details (Bor Or Jor 3).
Memorandum of Association (Bor Or Jor 2).
Shareholder List (Bor Or Jor 5).
Credit Bureau Report for both the company and its directors (if available).
Company Profile, including company history and director's biographies (if available).

Company Financial Status and Income Documents

Bank Statements for the past 6 months.
Financial Statements for the past 3 years (if the company has been operating for less than 3 years, submit all available statements up to the current year).
Phor Por 30 (VAT Return) for the past 6 months.
Summary of Purchase Tax - Sales Tax for the past 6 months.
Performance Bond (Bank Guarantee) documents (if applicable).

Additional Supporting Documents

Work Performance Certificates for consideration.
Examples of Past Contracts: Such as sales contracts, installation contracts, or other agreements (e.g., copies of work contracts, purchase orders, receipts).
New Project Documents for which you are seeking the loan (e.g., purchase orders, work acceptance forms, billing notes, current contracts).
Sample Billing Documents and Collection Procedures from the debtor whose receivables will be sold, along with the debtor registration form.

เอกสารประกอบการสมัคร

Leasing & Hire Purchase

What are Leasing and Hire Purchase Loans?

Differences Between Leasing and Hire Purchase

Leasing

Hire Purchase

• Why Choose Lease IT for Leasing and Hire Purchase?

Who is Leasing and Hire Purchase Suitable For?

What Types of Assets Are Suitable for Leasing and Hire Purchase?

Leasing and Hire Purchase Service Application Process

Our Customers’ Businesses

From the Heart of a Leasing and Hire Purchase Customer

Khun Sathit,

Owner of a Technology Service Business

General Company Documents

Company Financial Status and Income Documents

Additional Supporting Documents

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