Leasing is probably the most popular method of financing new equipment today. Virtually any item of equipment can be leased.
You may be able to afford to buy the equipment outright, but before you make this decision you must consider the following:
No. Your monthly payment is fixed at the start of the lease and so are unaffected by interest rate rises. This enables you to budget your cash flow more accurately. As inflation rises, because your payments are fixed the cost of the equipment reduces in real terms.
All payments are mainly made by Direct Debit on the same date each month.
If you use all your cash, or any overdraft facilities, you leave yourself in a vulnerable position to react to any unexpected needs of short-term borrowing. By leasing you don’t need to find the whole invoice amount “up front”.
Nearly every market sector large or small benefits from leasing, from new start business to large established companies.
Yes. Payments can be offset against your tax liabilities. Your accountant will be able to give you more information on this.
You normally only pay one Monthly payment in advance with a lease agreement*; this enables you to choose the best equipment available with only a small initial cash outlay. You can therefore have the best equipment available with the latest technology with only a small initial outlay, and start to enjoy the extra profits this generates before your next lease payment is due.*Subject to terms and number of years trading
Prices quoted are for guidance purposes only, and will depend on your circumstances and number of years trading. All finance is subject to terms and conditions and credit checks.
RGB uk (eCanvas) is approved by the FCA with limited permission credit broking authority. FRN BXR01462. You are advised to consider if the credit agreement you are undertaking is the correct product for you.