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Equipment
Leasing
What is
Leasing?
Rather than paying for
your equipment, furniture or
anything else your business
needs with a large cash
outlay, we offer the
alternative of a small
monthly or quarterly amount
over an agreed term allowing
you to pay for your equipment
as you use and benefit from
it.
So How does it
Work?
You simply choose your
equipment from a reputable
supplier of your own choice
and then contact us to
arrange a lease. We then
propose your application to
our underwriters for a credit
decision. Once your proposal
has been approved we then
provide an agreement
detailing your payment amount
and term, for your
authorisation. Your supplier
then delivers your equipment
and we arrange payment direct
to them for the full invoice
amount of the equipment. You
then make monthly or
quarterly fixed payments for
your equipment.
How Does this Help
my Business?
This allows you to get the
equipment you need now
regardless of budget
restrictions. It allows you
to keep up with modern
technology. As you are not
paying cash you can reinvest
this for more profitable use
elsewhere in your business.
It keeps you tax efficient -
all lease agreements are 100%
tax allowable Spread the cost
over the life of the
equipment - You wouldn't pay
a new member of staff 3 years
salary up front would you?
Control your budget -
payments are fixed allowing
you to plan head with no
unpleasant surprises. No
deposit required - have your
equipment installed before
you part with a penny!
Can I Upgrade the
Equipment?
You have the option the
swap out the equipment during
the term of the lease and
replace the old equipment.
This varies from case to case
but is usually most cost
effective about 2/3 of the
way through the
agreement.
What happens at
the End?
Many of our clients opt to
use their budgeted payment to
replace the old technology
with new and simply start a
new agreement. If however,
you wish to keep the old
equipment we can usually
arrange for you to purchase
title of the goods.
Why Don't I just
go to the Bank?
It makes good business
sense to spread your credit
and keep your bank funding in
reserve. A bank overdraft can
be recalled on demand at
anytime - this can never
happen with a lease as long
as payments are up to date.
Banks often quote a rate
which is variable then
"arrangement fees" You may
also have to sit down with
the bank manager for your
"annual review" Some banks
insist that you produce
quarterly accounts (at your
cost) in order to retain your
facility. We never ask you to
put up additional security
such as your home.
What can I include
in the
Agreement?
In the case of computers
you can include hardware,
software, cabling, maintence,
training and installation
What about
Software?
Yes we can arrange leasing
for software on it's own or
software and support
services.
We are a New/Young
Business. Can We
Lease?
Yes of course but some
restrictions may apply please
click here (to section on
site for new businesses)
What types of
equipment can you
do?
Although our main area is
business technology we have
arranged agreements for items
as diverse as an X Ray
Machine for Aircraft to Waste
Compactors. We will consider
any item your business may
need.
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iLease
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