Are you an established business looking to add some new equipment or company, and looking to make your vision set up a little more affordable?
We are happy to announce that Todd Engineering Ltd holds full FCA approval, meaning we can offer Financing Packages, in partnership with Kennet Equipment Leasing.
- Pay monthly amounts that don't change throughout the term of the lease.
- Have the best equipment, not just the cheapest for your business.
- Save your cash and money in the bank for other things.
- Pay a deposit, instead of a hefty lump sum.
- Payments won't change throughout the term of the lease, allowing you to budget.
- No need to use overdrafts or bank loans, which can prove costly.
- Finance orders only available on orders totalling at least £1,000 ex VAT.
Leasing is probably the most popular method of financing new equipment today. Virtually any item of equipment can be leased.
Should I pay cash or lease?
You may be able to afford to buy the equipment outright, but before you make this decision, you must consider the following:
Do my payments increase if Inflation or Interest Rates rise?
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 equipment's cost reduces in real terms.
How do I make my payments?
All payments are mainly made by Direct Debit on the same date each month.
Should I go to my bank?
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 full invoice amount "upfront".
Nearly every market sector large or small benefits from leasing, from new start business to large established companies.
Is leasing tax efficient?
Yes. Payments can be offset against your tax liabilities. Your accountant will be able to give you more information on this.
Have the best equipment.
You usually 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. Therefore, you can have the best equipment available with the latest technology with only a little initial cost 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.
Todd Engineering Ltd is approved by the FCA with limited permission credit broking authority. FRN 744277. You are advised to consider if the credit agreement you are undertaking is the correct product for you.