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Equipment Finance
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Cash, Hire Purchase or Lease
Which is the right choice?
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It needs to invest now, but hasn't got the funds available.
It wants greater tax efficiency to maximise cash flow.
It must keep up with changes in technology enabling it to respond to market or competitive pressures.
Money is being channelled from one part of the business to another, making financial planning a challenge.
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Invest in a specific piece of equipment now.
Cover annual expenditure to invest and grow as it needs.
Ensure funds are always available to ensure increased investment agility.
Release money back into the company from assets you have already invested in.
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Finance can typically be used to purchase equipment such as: commercial vehicles, fork lift trucks, manufacturing and construction plant and machinery, production and ancillary equipment, IT and technology equipment etc.
VFS have access to a wide panel of lending institutions, including banks, finance houses, merchant banks and prime lenders. We can offer a full range of flexible and structured funding solutions, generally matching risk to rate.
Types of equipment finance agreements:
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Hire Purchase is available on a either a fixed rate or variable rate agreement.
With Hire Purchase, full ownership falls to the hirer, depreciation is at the owners’ risk and the equipment can be included as a balance sheet item.
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Equipment finance is a great way to help grow your business without a significant day one investment. It can also bring many tax advantages. If you would like an Outline Proposal on finance for equipment you wish to buy, fill out an Equipment Finance Quote, or to find out more Contact Us today.
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