Why choose leasing?

With leasing, you need only a minimal initial investment to get all of the equipment you need, and you can spread your payments out over a given time. This allows you to keep your working capital for the operation and growth of your business.

Your equipment needs will change as your business evolves. Equipment leasing gives you the option to take on additional equipment or upgrade your existing technology.

The benefits of leasing

Source: The Finance Leasing Association

Asset finance (leasing and hire purchase) is a very flexible way of raising funds.

The advantages include:

To buy a new piece of machinery or equipment can be costly and requires substantial capital. Leasing enables businesses to preserve precious cash reserves.

The smaller, regular payments required by a lease agreement enable organisations with limited capital to manage their cash flow more effectively and adapt quickly to changing business or economic conditions.

Leasing also allows businesses to upgrade assets more frequently ensuring they have the latest equipment without having to invest additional capital.

It offers the flexibility of the repayment period being matched to the useful life of the equipment. It gives businesses certainty because asset finance agreements cannot be cancelled by the lenders and repayments are fixed for the agreed term.

Finance agreements can also be structured to include additional benefits such as servicing of equipment or variable monthly payments depending on your business’s needs.

It is easy to access because it is secured – largely or entirely – on the asset being financed, rather than on other personal or business assets.