SHOULD YOU RENT? SHOULD YOU OWN?
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Buy.
This is when you make the purchase outright for the full current value of the equipment. The ownership then gets transferred to yourself.
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Rental.
This is a simple £X per month fee, with a deposit upfront. This option is particularly useful if you only need the equipment for a shorter length of time and don’t want the additional hassle of owning the machinery.
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Rent-To-Own.
This is where you rent the machinery for a period of time, then when it hits a certain level of hours of usage, you make a balloon payment to us for the remainder of its value, and full ownership of the equipment is transferred over to you.
This is beneficial as there is a low initial outlay so you can start using the equipment right away, as well as your equipment equity continuously building up, and being a good method for easy budgeting.
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Sale & Buyback.
This is when you make the purchase for the full value of the equipment. We then buy this same asset back from you at an agreed later date, once you no longer require it, for an agreed settlement figure.
YOU’RE IN CONTROL.
We can offer many different finance options, to suit however you prefer to fund equipment.
For more information on each of these finance options, and to talk about what is the best solution for your business, get in contact with our experts.