Key Facts About Equipment Leasing

Leasing is available to all companies and is one solution to any business needing to access equipment.

• Whereas applying for other types of business loan can be a difficult process, applying for equipment leasing finance is a very simple process. All that's needed is to complete a basic one page leasing proposal form and quotes for the equipment to be acquired. There will be supporting information that needs to be supplied, but that should be readiliy be available such as bank statements and accounts etc.
• Timescales from loan application to proposal acceptance are quick, typically no more than two weeks!
• The small cash deposit normally needed for an equipment finance facility means that a better specification of equipment could be available in comparison to outright purchase!
• Fixed monthly rentals for the term of the lease means all costs are known for the life of the contract and can be budgeted for.
• Retained cash is available for use within the business thereby reducing the pressure on working capital.
• Where capital is not available to purchase equipment, leasing facilitates access to plant & machinery that otherwise may not be available.
• UK rules mean that 100% of monthly payments are allowable against taxable profits, this can mean that equipment leasing works out cheaper than outright purchase or other commercial loan option.
• Where a business needs the latest technology to remain competitive, leasing finance offers a sustainable upgrade path at agreed intervals.
• Finally, equipment that is already owned and has value can be used as an alternative method to raise working capital via leasing sale and leaseback finance facilities.

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