A: Not always, there are many reasons why you should protect your cash. For further details see our section entitled Equipment Leasing.
A: We will extend the agreement indefinitely usually on payment of a single further monthly rental. After that you can keep the equipment and will never have to pay any more, you are also then free to dispose of the goods at any later date.
A: We work with sole-traders, partnerships, limited companies, public bodies, charities and educational establishments.
A: No. Companies who lease do so because they know that there are better uses for their spare funds.
A: No. Transactions of all sizes are completed using lease agreements. You can lease equipment worth as little as £1000.
A: Yes. It is your responsibility to keep the equipment insured for all risks for the term of the agreement.
A: You have the protection of the manufacturers and/or suppliers warranty. Responsibility for repairs out of warranty are yours.
A: Rentals attract VAT. This can be reclaimed if you are VAT registered. If you are on a flat rate scheme please speak to your accountant.
A: Leasing enables the whole solution to be financed. This can include hardware, software, installation, training and warranties.
A: Yes. The equipment can be upgraded during the course of the agreement. Speak to us for further details.
A: Yes. However we always recommend you speak to your accountant to make sure it does not create an adverse tax position.
A: No. If you clear the account before it has run its full term then there is a reduction in the full amount payable.
A: Failure to maintain your monthly payments can result in the financed equipment having to be returned. You may be liable for any outstanding balance following sale of the equipment.
A: We do on occasion pay commission, this is only paid if the qualifying agreement is entered into.