NAMEL Agricultural Equipment Lease Finance operates the following types of leas
is a lease arrangement where NAMEL Leasing provides Agro-machineries to the lessee over a period with the payment of rentals over a specific period. In this scenario, the lessee eventually owns the property after the expiration of the lease tenor.
NAMEL Leasing assumes the role of a financier so does not take responsibility for the miscellaneous cost of repairs, maintenance and insurance of the equipment which are then undertaken by the lessee.
However, in the case of a default before the expiration of the rental period, NAMEL Leasing can repossess the equipment under the Lease buy back scheme and further lease to another lessee.
NAMEL Leasing is also involved in rendering operating lease arrangement.
In this case, the ownership of the Agro-machineries leased is still with NAMEL Leasing and the equipment will revert to NAMEL Leasing at the expiration of the Lease tenor.
In this scenario, NAMEL Leasing as the lessor, still bears the cost of repairs, maintenance, depreciation, and insurance of the asset.
NAMEL Leasing is also involved in hire purchase transactions. The difference between hire purchase and Leasing is indeed subtle.
Very often, despite a similar modus operandi with Leasing, the tenor of a hire purchase agreement is shorter.
Furthermore, hire purchase is mostly consummated on consumables and less capital-intensive assets usually with individuals as against leasing where capital intensive equipment is handled largely at corporate levels.
This is specifically tailored to financing agribusiness through either of the above types of lease financing/ hire purchase.
Leasing is focusing on financing the agricultural sector especially through mechanization and capacity building to enhance productivity.
This is an arrangement where NAMEL leasing ltd purchases agromachineries from firms and then leases same equipment to the initial owners in an order to finance lessees’ operation and enhance their cashflow position.
Not sure if you should lease or own it? Well, here are some reason you need to take the lease option
It has never been easier getting a lease. With NAMEL leasing you get full access to services without owning the asset
51 Anthony Enahoro Street,Utako,Abuja.