At EPS we understand that cash flow for companies of all sizes is critical, with this in mind we have drawn on the expertise of the very best IT Finance companies to help us give you an acceptable and pain free proposal.
We will find you a finance solution that will suit your needs, whilst keeping your working capital intact.
Options are:
Finance Lease
The key feature of Finance or Capital leasing is that you will have the full use of the equipment without all the associated burdens of ownership. The period of the lease is normally matched to the useful life expectancy of the equipment and once that term is expired the equipment is returned to the leasing company.
This type of lease is flexible enough to allow you to upgrade all or part of the equipment at any time during the lease and for profit making companies there are also valuable tax benefits available.
System Lease
System Lease in an innovative future proofing product specifically designed for the IT and Communications market place that enables you to keep pace with rapidly changing technologies.
As business requirements change further products such as hardware, software, licenses, training or implementation can be added to the agreement without having to increase the monthly budget. The scheme outlines future credit availability and provides comfort in the fact that today's purchase will not be soon outdated or restricted.
Lease Purchase
This facility is available if you wish to own the equipment at the end of the lease agreement. Lease purchase works on a leasing payment formula, but is similar in principle to hire purchase. Writing down allowances may be claimed against the goods and tax relief can be claimed on any interest paid.
The deposit required is usually smaller than for a hire purchase agreement, but contracts cannot be amended once the agreement has commenced.
We will find you an IT finance solution that will suit your needs, whilst keeping your working capital intact. Contact sales@eurep.co.uk for assistance.
The Advantages of leasing
Cash flow - Keep your money working for you
Instead of having to pay out a lump sum you can spread the cost of your hardware and software over its useful working life.
No additional security required
Leasing is entirely separate from any bank lending or other credit arrangements you may have. By leasing equipment, your overdraft or bank loans are free for use in running your business.
Tax benefits - 100% allowable against pre-tax profits
Leasing is fully allowable against tax. All payments are 100% tax efficient. Traditional Hire Purchase is not as tax efficient and therefore may cost more in the long run even if it initially looks cheaper.
Fixed budgeting
No deposits are required and you know exactly what you will be paying per month or per quarter for the term of the lease. Your lease costs are fixed for the duration of the agreement and as such are unaffected by interest rate changes or other external factors. You can include each year's rentals in your annual budget and remove any guesswork from your financial forecasting.
Upgrade facility
As your business grows, and technology is constantly changing, you can upgrade your equipment on lease at any point during the lease term, and either extend the term and keep the repayments the same or renegotiate a new lease. |
