Asset Finance

Be it a loan for a commercial venture financing plant and machinery, computer systems, agricultural equipment or a fleet of commercial vehicles, then expand your horizons with Conister Trust Limited, a market leader in asset finance on the Isle of Man for over 70 years.

Arranging finance for a new car has many forms and can be complicated, a member of our experienced team of underwriters will be more than pleased to discuss your requirements and structure a profile that suites your individual needs whether it be on a Lease Purchase or Lease Finance Agreement with or without residual payment.

Whether you source a car from an island based dealer or acquiring that luxury car from an off island dealership, our prompt service ensures finance can be arranged without delay.

Finance can be arranged for home improvements by way of an unsecured personal loan.

Conister Trust Limited is your local bank and Isle of Man residents are able to offset finance charges against taxable income.

The Manx Business Department has acquired a first class reputation and provides a friendly, efficient and reliable service that you can trust. We are able to meet with you face to face at your convenience. To arrange an appointment then please phone our Manx Business Relationship Manager Kevin Quirk on (01624) 694666 or if you prefer, e-mail: info@conistertrust.com.

Save time and avoid the complexity of asset finance and allow Conister Trust to ‘Expand your Horizons’.

Lease Purchase

This is by far the simplest way of acquiring a vehicle on credit. The total cost is known at the outset since the interest rate is fixed for the duration of the contract. Repayments are normally at monthly intervals and are determined by both the amount financed and the period over which the agreement is to run, that is, the term. Initial deposits may be in the form of an allowance given in respect of a trade-in.

If you are purchasing a new or high value car, our team at Conister Trust are able to provide you with a repayment profile that can be adapted to suit your specific requirements. For further details please contact Richard Clay or Kevin Quirk on 694666.

The interest charges raised by the bank on the remaining balance financed can be deducted from the income of Manx residents for income tax purposes. This is not the case with interest paid to finance companies that are not Manx resident. Note that ownership and transfers to the borrower upon payment of the final instalment.

Lease Finance

Why Lease?

Cashflow - Most businesses lease in order to conserve cash thereby allowing the business to invest in other areas operating profits are derived from use of assets not ownership.

Immediate use of equipment - Once a credit line has been agreed, the supplier invoices the finance company and upon completion of the lease documentation the finance company makes payment to the supplier.

Lease rentals adapted to meet your cashflow - Lease rentals are fixed for the term of the primary rental period and can be adapted to suite your cashflow requirements with rentals being collected on a monthly, quarterly or half yearly basis.

Hedge against inflation - The rentals are fixed for the term of the lease period based upon current interest rates. Therefore, you are acquiring an asset at today's price based on today's interest rates.

Tax benefits - Lease rentals can be offset against taxable profits.

What can be leased? - Basically, if the asset is moveable, durable and identifiable then it can be leased. The majority of Manx businesses use lease finance to acquire commercial vehicles, cars and computer equipment.

Personal Loan

An unsecured personal loan takes away the complexity of re arranging or extending your mortgage thus avoiding additional fees, finance can be arranged for a wide range of home improvements such as a new conservatory or kitchen, with the ever increasing cost of heating your home, now is the time to install a fuel efficient heating system or replace those drafty windows and doors.

Our team of underwriters will be more than pleased to discuss your requirements, however we do not offer this facility for consolidating debt.