LEASE PURCHASING – GIVING YOUR BUSINESS THE POWER TO GROW
It is safe to say that all business need equipment. But what if you had to use all your cash to buy the equipment you needed? Or maybe you would have to have an expensive bank loan or an overdraft that could be called in at any moment? Well, you don’t have to….
Lease purchasing is probably the most popular method of financing new equipment today.
What do you get?
You can have the best equipment for your business and not have to settle for the cheapest. You won’t have to pay a hefty deposit and your equipment can be earning you money the minute it is delivered and installed. All you need to do is go to your supplier, choose the equipment you need, and the supplier will help arrange the finance.
How does it work?
You’ll be given a finance figure based on the number of years the agreement lasts for. It will be a monthly fee that won’t change throughout the term making it easy to budget your outgoings and leave cash in your bank for stock, wages and other essential bills. The finance is secured on the equipment, not your buildings or business for added peace of mind. Once you sign the lease purchase agreement your supplier will deliver the equipment and you’re free to use it straight away and start earning money.