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FAQ

About Us

  • Frequently Asked Questions

    Why people need our services
    The chief advantage of leasing is that it provides an alternative to ownership. The party that leases also benefits from not having its resources invested in equipment. Indeed, many companies that lease equipment do so because they believe higher productivity and profits are derived from productive use of equipment, rather than its ownership.

    Similarly, an individual who leases a car may believe that his money would provide a better return if invested in stocks. In turn, companies that lease equipment to others believe that they can do a better job of buying, financing, servicing, and selling equipment than their customers.

    But there are also numerous logistical motivations behind leasing. A company that leases an office machine, for example, avoids the risk of investing its resources in an asset that may soon become technologically obsolete. The company may also benefit from having access to the machine for only a short time, to complete a big project for example, without having to invest larger sums in the equipment and soon after dispose of it.

    Leasing also helps to preserve cash. With leasing, you need only a minimal initial investment to get the equipment you need and you can comfortably spread your payments out over time. This allows you preserve your working capital for the operation and growth of your business.

    Customized financing - With equipment leasing, you can choose from a wide variety of leasing packages and payment plans to create a financing plan that follows the natural flow of your business. In addition, companies can reduce their apparent debt burden by leasing.

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Contact Information

Lagos Office
3rd Floor UNTL Building
1 Davies Street
Off Marina, Lagos, Nigeria.

Port Harcourt Office
Ground Floor, OKLEN Suites
1, Evo Road, Off Olu Obasanjo Road
GRA Phase 2, Port Harcourt
Rivers State, Nigeria

+234 (1) 462 2371-5

info@bancorpfinanceng.com