Purchase your equipment and spread the cost over terms of between 2 and 5 years. A flexible deposit is paid together with all the VAT at the start of the term and you have the option of a variable or fixed interest rate. At the end of the contract you will own the equipment outright. We are also able to build a service and maintenance contract into the agreement.
This is very similar to hire purchase with the addition of a balloon payment at the end of the term. The monthly payments are reduced in line with the size of the balloon payment.
With an operating lease, no initial deposit or VAT payment is required, and the term can be arranged for between 2 and 5 years, this is an ‘off balance sheet’ method of financing and at the end of the term you simply return the equipment. You can then take out a new operating lease on a brand-new machine.