One of the biggest challenges for any company is to ensure that their equipment is always up to date and contains the latest technologies to keep the optimum productivity across the business. Often the cost to purchase new equipment can be out of budget and this is where the importance of equipment leasing can be so beneficial. Through leasing, a business can get the latest equipment whilst still maintaining a healthy level of working capital.
Equipment can be leased or rented for a set period of time and for an agreed fee per month. At the end of the agreement a business can choose to extend the lease, outright purchase the equipment, upgrade to new equipment with a new leasing deal or simply return the equipment.
Many business owners are often surprised by how much equipment can actually be leased. The following are some typical examples:
- IT equipment
- Catering equipment
- Office furniture
- Fitness machinery
- Commercial vehicles
- Agricultural equipment
Any form of equipment leasing can be an ideal solution for both growing and well-established businesses, though the business will need to be VAT registered. There are also deals available to new businesses, but this will be on the understanding that a lender will require a credible personal guarantee.
Here at NGI Finance, our team are vastly experienced with equipment leasing. Our most recent deals include the complete refurbishment of a restaurant where catering equipment worth £150K was supplied and we also assisted a new start-up franchise with over £250K for the opening of a fast food outlet.
To find out more about equipment leasing please call us on 01993 706403 or e-mail email@example.com.